BTC -0.43%-news/">Bitcoin miner Core Scientific sold 1,975 BTC in July, and mined 1,221 BTC in July, 754 more than it mined.
The funds will be used to increase data center-related investments and pay Bitmain for 100,000 mining rigs ordered in 2021. Core Scientific still holds 1,205 bitcoins and about $83 million in cash on its balance sheet.
Earlier news, Bitcoin mining company Clean Spark sold 426 BTC in July, exceeding the mining volume of 42 in July. Bitcoin mining company Bitfarms sold 1,623 BTC in July, exceeding the mining volume of 1,123 in July.