This Miner Sold 156% of Produced BTC in 2022
Bitcoin Ang Minero na ito ay Nagbenta ng 156% ng Produced BTC noong 2022 01 / 04 / 2023 Balita ng Ethereum ng Bitcoin Vladislav Sopov Two public Bitcoin (BTC) mining companies were responsible for severe selling pressure last year Nilalaman Bitfarms liquidated 156% of BTC produced Two waves of aggressive selling Amid a painful cryptocurrency-segment recession, all publicly tracked miners of Bitcoin (BTC), the largest cryptocurrency, were forced to market-sell their reserves. As such, some top mining entities released more BTC onto the market than they managed to mine in 2022. Bitfarms liquidated 156% of BTC produced According to statistics by The Miner Mag tracker, two public mining entities, Bitfarms and Core Scientific, got through the most devastating selling of their assets in 2022. Bitfarms Limited (NASDAQ: BTF) sold 156% of its production; thus, it sent to exchanges 56% more Bitcoins (BTC) than it mined. Meanwhile, Core Scientific (FRA: 7ZD0) sold 136% of its production, The Miner Mag says. It should be noted that both Bitcoin (BTC) mining moguls found themselves in cold water in December. As covered by U.Today previously, Core Scientific filed for Chapter 11 bankruptcy protection in Texas on Dec. 21. Its rival Bitfarms received a warning notification from Nasdaq as its stocks are changing hands below $1 for 30