Hut Reports Cash Reserves Exceeding $7 Billion, with Only $233.6 Million Available for Discretionary Use
2026-08-06 21:29:56
According to CoinMeta, as reported by Cryptoslate, as of June 30th, Bitcoin mining company Hut reported cash, restricted cash, and cash equivalents in excess of $7 billion, of which only $233.6 million was unrestricted cash. The remaining $6.8 billion, accounting for 96.7% of the total, is restricted for use in the construction of River Bend and Beacon Point projects as well as debt repayment.
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