Crypto Miners Hoarding Bitcoins as Price Surges Above $55K — CoinDesk

Crypto Miners Hoarding Bitcoins as Price Surges Above $55K — CoinDesk

Adding to the trend, on Oct. 4, Canadian Hut 8 Mining Corp. also reported that all of its self-mined bitcoins were deposited into custody, which is consistent with the company’s strategy to “hodl” its mined digital currency. “We are thrilled with our current amount of bitcoin held in reserve as well as being ahead of schedule on our commitment to the market to have over 5,000 self-mined bitcoin by end of Q4,” said Jaime Leverton, CEO of Hut 8, in a statement.

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