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Ethereum World News
2022-07-05 16:37:01

Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M

Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M

Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled repayment of debt. The earlier identified trend by JP Morgan of Bitcoin miners selling their BTC to cover expenses continues as Core Scientific has announced that it […]

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