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Seeking Alpha 2023-03-07 11:39:20

Hut 8's February bitcoin production falls 17% M/M

Hut 8 Mining ( NASDAQ: HUT ) mined 156 bitcoin ( BTC-USD ) in February 2023 at an average production rate of ~5.6 bitcoin per day. That marks a decline of 17% compared to 188 bitcoin ( BTC-USD ) produced in January 2023 . The company said that it is currently looking into electrical issues at its Drumheller, Alberta facility, which reduced production levels. As of February 28, it held 9,242 bitcoin in reserve. February bitcoin production will be sold to fund operating costs.

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