Bitcoin miners are expected to hold onto their newly mined BTC in 2024, according to a new report. The report, which was jointly published by crypto mining platform NiceHash and Bitcoin mining company Digital Mining Solutions, found that "In 2024, Bitcoin miners are expected to adopt a strategy of holding the majority of their newly mined supply or refrain from selling it." This trend is particularly evident among publicly traded miners, who are holding onto their BTC due to expectations of further price appreciation and balance sheet strengthening. Companies such as Marathon Holdings, Riot Platforms, and Hut 8 have also raised debt through convertible notes to purchase additional BTC. The report also highlighted that US miners are also diversifying their operations into areas such as high-performance computing and artificial intelligence (AI) computing.
Bitcoin Miner Hodling Expected to Surge in 2024, Report Says
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