Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-09-06 10:45:19

Hut 8 Mining reports 14% M/M growth in August average production rate

Hut 8 Mining (NASDAQ:HUT) increased its Bitcoin (BTC-USD) holdings by 375 in the period ending August 31, leading to an average production rate of ~12.1 Bitcoin/day - up 14% from July average production rate of 10.61 Bitcoin/day.This compares to 330 bitcoins mined in July.As of Aug. 31, 2022, total bitcoin balance held in reserve was 8,111 vs. 7,736 held as of July 31, 2022.Hut 8 (HUT) produced 125.8 BTC/EH in August compared to 113.01 BTC/EH produced in July.Installed ASIC hash rate capacity was 2.98 EH/s at the end of the month, which excludes certain legacy miners that the Company anticipates will be fully replaced by the end of the year.HUT shares are trading 2% higher pre-market

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.