Hut 8 Moves Out Another 1617 BTC, Worth Approximately $121 Million

TechFlow reported on Nov 10, according to Lookonchain, Bitcoin mining firm Hut 8 moved out another 1617 BTC about two hours ago, worth approximately $121.43 million. The related assets may be intended for sale, but their specific use has not yet been confirmed.

Previously, Hut 8 sold 2148 BTC in October at an average price of approximately $81,657, totaling about $175.4 million, to support the company's share buyback program.

Source: TechFlow