For the first time in three months, the top 13 listed cryptocurrency mining companies sold more BTC than they produced. According to data from Bitcoin mining research platform TheMinerMag, miners such as Marathon Digital, Core Scientific, Argo Blockchain, Bitfarms, Bit Digital, Hut 8, Iris Energy and Terawulf had a liquidation-to-production ratio of 105% in October, which means they All mined coins and held assets were sold.
It is worth noting that some mining companies sell all mined BTC every month, but companies such as Marathon, Hut 8, Cipher, CleanSpark, and Bit Digital use mixed funding strategies, and they liquidated more in October than in previous months. . Bit Digital and Hut 8 sold 422 and 365 BTC respectively, with the highest individual ratios, with liquidations exceeding 300% of monthly production. (Cryptopotato)
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