Hut 8 sold 3,102 BTC in two phases, cashing out approximately $250.2 million; Riot plans to sell nearly all newly mined Bitcoin

Odaily reports: Crypto mining company Hut 8 sold 954 BTC in Q3 for $74.8 million to fund share buybacks; in October it sold another 2,148 BTC for $175.4 million, totaling 3,102 BTC sold across both phases and cashing out approximately $250.2 million.

Crypto mining company Riot Platforms stated it expects to sell nearly all newly mined Bitcoin to fund development and operating expenses, rather than rebuilding a large-scale Bitcoin reserve. (Bitcoin.com News)