More and more BTC mining firms selling Bitcoin to pay back loans
Sun, Jun 26, 2022 10:08 PM

More and more BTC mining firms selling Bitcoin to pay back loans

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As per crypto market analysts, there is a surge in the number of miners selling Bitcoin as they are having trouble paying back loans they took out against their mining rigs. In the last few months, BTC mining companies like Bitfarms Limited and Core Scientific Inc. have sold large amounts of their tokens. To cover increasing operational costs, Core Scientific sold more than 2,000 BTC coins in May.

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