Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury

Cloud customers accounted for about 74% of August’s production increase, while company holdings recovered only part of July’s decline. The post Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury appeared first on CryptoSlate.
Coins in this story
Discussion
Related stories

Is Bitcoin too volatile to risk your retirement on?
Bitcoin believers see it as an almost certain long-term investment, but retirement demands a different approach. How much crypto exposure is too much for your retirement account?

Fed inflation trap threatens Bitcoin below $80k as $100 oil blindsides Friday’s CPI report
Brent touched $99.46 after reported Saudi energy disruptions, while Friday's CPI measures August prices. The post Fed inflation trap threatens Bitcoin below $80k as $100 oil blindsides Friday’s CPI report appeared first on CryptoSlate.

Bitcoin faces key support test at $78.3K as US crude oil hits three-month high
Bitcoin fell with US stocks on the opening of Tuesday’s Wall Street trading session as analysis warns that BTC price support at $78,300 must hold.