Crypto Miners Hoarding Bitcoins as Value Surges Above $55,000 — CoinDesk

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Including to the development, on Oct. 4, Canadian Hut 8 Mining Corp. additionally reported that each one of its self-mined bitcoins have been deposited into custody, which is per the corporate’s technique to “hodl” its mined digital foreign money. “We’re thrilled with our present quantity of bitcoin held in reserve in addition to being forward of schedule on our dedication to the market to have over 5,000 self-mined bitcoin by finish of This autumn,” mentioned Jaime Leverton, CEO of Hut 8, in an announcement.

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