Hut 8 reports cash reserves exceeding $7 billion, with only $233.6 million available for discretionary use

According to Cryptoslate, as of June 30th, Bitcoin mining company Hut 8 reported cash, restricted cash, and cash equivalents exceeding $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 from being used for the construction and debt repayment of the River Bend and Beacon Point projects.