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Jaime Leverton: Without Bitcoin Miners There is No Bitcoin

Coin Stories

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The Economics of Bitcoin Mining

Hut 8 has just over 9,000 Bitcoin on balance sheet as of our last public update. The company is in the middle of a merger with US BTC which will be its prop mining business. And then combined X hash, we're sitting at 7.5 X hash and that falls into their MIO business. All right, back to the show. You share a little bit more about the economics of Bitcoin mining because I think I last read that Hut 8 holds 8,000 or so Bitcoin on the balance sheet. Why did the company make that decision and does that help?

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