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RE: Miner Hut 8 holding all the bitcoin they mine...

in #bitcoin3 years ago

Sure, but with them being publicly traded they can sell shares to raise capital and they can also use futures markets to hedge prices. It's a lot different world for miners now than it was just a few years ago. They no longer have to dump what they mine.

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It's true that you can sell newly issued shares to raise capital, but there is risks with that... There is also limit how many new shares you can issue. At some point you will have to buy back excess shares or value of individual share will drop too low.

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