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Data: Since June, Bitcoin miners' reserves have decreased by about 20,000 BTC

Bitget2024/07/10 00:52

IntoTheBlock's Marketing Director, Vincent Maliepaard, revealed data stating that since June, Bitcoin miners' reserves have decreased by about 20,000 BTC. The halving of Bitcoin two months ago may be a driving factor for recent miner sales as profitability has been declining ever since. CJ Burnett, Chief Revenue Officer at Compass Mining, stated that large mining companies are still actively purchasing the latest generation of mining machines to improve efficiency, economies of scale and gross profit margin.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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