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Bitcoin mining company Hut 8 is preparing for the upcoming halving event by selling zero BTC. This comes after the company netted 111 BTC in September. Hut 8 believes that post-halving, miners may face difficulties due to increased efficiency requirements, higher difficulty, and reduced block rewards. The company has been a long-time holder of Bitcoin, expecting its value to increase over time. Hut 8 has experienced disappointing revenue figures recently, with second-quarter revenue dropping to $19.2 million from $43.8 million last year. The company attributed this decline to increased network difficulty and equipment failures.

AI Sentiment: Positive