Mining Firms Turn to Derisking as Hardships Force Bitcoin Sales #bitcoinmining

However mining firms like HUD 8 Foundry And brains remain confident and bullish On bitcoin's future mining firms have Had to sell newly minted Bitcoin to Sustain their operations during the Prolonged bear Market this has resulted In record amounts of Bitcoin being sent To centralized exchanges for covering Costs in June 2023 Miner sent 128 Million dollars worth of bitcoin to Exchanges highlighting their need to Cash out cover expenses and secure Profits mining companies are looking to De-risk their operations by offloading Bitcoin to exchanges

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