- Hut 8 Mining (HUT) increased its Bitcoin holdings by 330 in July
- Bitcoins in reserve stood at 7,736 at month end, one of the largest holdings globally
- Ethereum mining represented 10.7 per cent of total production
- Hut 8 is one of North America’s largest digital asset miners
- Hut 8 (HUT) is down by 1.01 per cent trading at $2.93 per share
Hut 8 Mining (HUT) increased its Bitcoin holdings by 330 in July.
Production highlights:
- Mined 330 Bitcoins at an average production rate of 10.61 Bitcoins per day
- Ethereum mining, paid in Bitcoin, represented 10.7 per cent of total production
- The company deposited all self-mined Bitcoin into custody
- Bitcoins in reserve stood at 7,736 as of July 31, 2022, one of the largest holdings globally
- Installed operating capacity was 2.92 EH/s at month end
- Production reached 113.01 BTC/EH in July
Additional updates:
- Monthly shipments of MicroBT miners are arriving on schedule and being installed in real time
- A severe thunderstorm on July 18 interrupted the Medicine Hat mine’s power supply with no damage to report. Power was restored on July 23
- Hut 8’s high-performance computing business signed Foundry as a cloud services client and continues to focus on growing its recurring revenue uncorrelated to Bitcoin
Hut 8 is one of North America’s largest digital asset miners.
Hut 8 (HUT) is down by 1.01 per cent trading at $2.93 per share as of 9:46 am EST.