Crystal Kim
A pair of big Bitcoin miners are poised to sell their stock in the face of a drop in token prices that has led other miners to trade in some their Bitcoin holdings.
Marathon Digital Holdings Inc. and Hut 8 Mining Corp. have both filed with the Securities and Exchange Commission for the option to sell company stock for cash. The two are likely in bid to stay flexible in the wake of Bitcoin’s dramatic fall that could force a shakeout of miners with less efficient operations.
