RE:RE:RE:RE:Share price suppressedTuco110 wrote: Good job, I got in late but am still up a bit. I'm not quite as thrilled as the others here about the 3012 bitcoin total. Hut can only manage to HODL 160 coins in 5 months?I'm looking hard at BITF.
The following
quotes from ceo.ca may have answered your question ......
https://ceo.ca/@suehut8?1d19bdb73b28
@SueHut8 if you guys want to know why we dont have more hodled some color: Crypto mining was less profitable in Q2-Q3 after the halving, so we ramped down our operations as we began upgrading our fleet. we worked hard to minimize any losses. Profitability shot up in nov & dec to incredible heights and we put further electricity deposits down to get our capacity back up to 109 MW. We had to sell some btc for these deposits at the end of 2020, but that is cash that is till ours, and has allowed us to leverage our installed capacity.