Hut 8 Mining Keeps Holding Amid Miner Capitulation — Bitcoin Magazine

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  • Hut 8 Min­ing pro­duced an addi­tion­al 330 BTC in the month of July.
  • By the end of the month, the com­pa­ny was oper­at­ing at 2.9 EH/s and con­tin­ues to receive month­ly ship­ments of addi­tion­al miners.
  • The min­er cur­rent­ly holds 7,736 BTC on its bal­ance sheet and con­tin­ues to HODL. 

Hut 8 Min­ing Corp. released its bit­coin min­ing and pro­duc­tion update for July show­cas­ing its con­tin­ued long-term HODL strat­e­gy by increas­ing bit­coin hold­ings by 330 BTC – val­ued at around $7.5 mil­lion at press time. 

Hut 8 con­tin­ues to hold 100% of its mined bit­coin, which becomes rather note­wor­thy when the broad­er trend of min­ers has been to sell a por­tion of their reserves to main­tain oper­a­tions. After this month’s pro­duc­tion, Hut 8 now holds 7,736 BTC in cus­tody, cur­rent­ly val­ued at around $177 million. 

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