Hut 8 now holds 7,078 Bitcoins in reserve; only a handful of Bitcoin miners have more.With a solid balance sheet and significant Bitcoin holdings, it shouldn't have a problem enduring the temporary cyclical bear market it's now in.The company is positioned strongly to take advantage of opportunities that will come as a result of industry consolidation.Weak macroeconomics will likely make debt financing difficult in the near term, outside of using Bitcoins as collateral.
