Source: Hut 8.
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  • 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.


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