{"id":81909,"date":"2023-07-19T15:42:38","date_gmt":"2023-07-19T12:42:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81909"},"modified":"2025-09-12T01:53:00","modified_gmt":"2025-09-11T22:53:00","slug":"bitfinex-experts-flag-miners-optimism-about-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitfinex-experts-flag-miners-optimism-about-bitcoin\/","title":{"rendered":"Bitfinex experts flag miners&#8217; optimism about Bitcoin"},"content":{"rendered":"<p>Mining companies mining the first cryptocurrency employ risk-reduction strategies by sending assets to exchanges. This was reported by <a href=\\\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/bitfinex-alpha-bitcoin-miners-make-hay-while-the-sun-shines-but-are-hedging-their-bets-too\/\\\">Bitfinex<\/a> experts.<\/p>\n<p>By the end of June, miners <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miners-send-record-128-million-to-crypto-exchanges\">sent<\/a> to trading platforms a record amount of bitcoins worth $128 million \u2014 315% of their daily output.<\/p>\n<p>According to the report, Poolin pool accounts for the largest share of the recently sold digital gold. Analysts also noted Bitcoin mining difficulty rising to new all-time highs at the 53.91 T mark, which they called a sign of &#8220;reliability and confidence&#8221;.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-07-19-v-15.08.35.webp\\\" alt=\\\"Snimok-ekrana-2023-07-19-v-15.08.35\\\" class=\\\"wp-image-211862\\\"\/><figcaption class=\\\"wp-element-caption\\\">Mining difficulty of the first cryptocurrency. Data: BTC.com.<\/figcaption><\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Miners are clearly optimistic about Bitcoin, as they allocate more resources to its mining. This creates difficulties, but they are hedging their position, hence sending more assets to exchanges,&#8221; Bitfinex said.<\/p>\n<\/blockquote>\n<p>According to experts, selling bitcoins on such a scale is an &#8220;extremely rare&#8221; phenomenon, which demonstrates new strategies by mining companies.<\/p>\n<p>The report suggests that Bitcoin movements reflect a transfer of supply from long-term holders to short-term ones. Such behavior is typically observed in a bull market, as new traders seek quick profits, the analysts added.<\/p>\n<p>Earlier in the run-up to the 2024 halving, a number of mining companies are expanding capacity and boosting efficiency. For example, Iris Energy announced <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miner-iris-energy-to-boost-hash-rate-to-9-1-eh-s\">plans to increase hash rate<\/a> to 9.1 EH\/s by year-end.<\/p>\n<p>CleanSpark signed a final agreement <a href=\"https:\/\/u1f987.com\/en\/news\/cleanspark-to-buy-two-bitcoin-mining-campuses-for-9-3-million\">to acquire two bitcoin mining facilities<\/a> for $9.3 million. Riot Platforms <a href=\"https:\/\/u1f987.com\/en\/news\/riot-platforms-to-buy-bitcoin-miners-from-microbt-for-162-9-million\">will acquire from MicroBT<\/a> for $162.9 million 33,280 new miners with a total hash rate of 7.6 EH\/s.<\/p>\n<p>TeraWulf <a href=\"https:\/\/u1f987.com\/en\/news\/terawulf-to-spend-53-4-million-on-18500-bitcoin-miners\">said<\/a> it plans to buy 18,500 devices for Bitcoin mining for $53.4 million. Meten Holding <a href=\"https:\/\/u1f987.com\/en\/news\/meten-holding-buys-200-bitcoin-miners-for-880000\">acquired 200 Bitcoin miners<\/a> for $880,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin mining companies are employing risk-reduction strategies by sending assets to exchanges.<\/p>\n","protected":false},"author":1,"featured_media":81910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1252],"class_list":["post-81909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81909"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81909\/revisions"}],"predecessor-version":[{"id":81911,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81909\/revisions\/81911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81910"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}