Bitcoin miners have been raising money for various purposes during the holiday season. While some miners like Bitdeer plan to use the proceeds for data center expansion and mining rig development, companies like Marathon and Riot Platforms aim to buy more BTC. However, not all miners agree on the best way to spend their capital. Hut 8 recently purchased 990 BTC for $100 million, while CleanSpark CFO Gary Vecchiarelli stated that his company is focused on producing bitcoin at a significant discount to the spot price. CleanSpark's main growth priority is reaching a hash rate of 50 EH/s and growing its digital asset management group. Meanwhile, Marathon has used convertible notes to increase its BTC holdings to 44,394 BTC. Hut 8 considers its strategic bitcoin reserve to be complementary to its core operating strategy and is extremely sensitive to valuation extremes.



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