Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $256 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve
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Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $220 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Hut 8 Sticks to Its ‘Hodl’ Strategy After Mining 265 Bitcoins in November
Hut 8 also said it has completed the deployment of its high-performance Nvidia chips at Hut 8′s site in Medicine Hat, Alberta, which is generating roughly 1.8–2.0 additional bitcoins per day. The miner is currently generating a total of 8.8 bitcoins per day. Source link … [Read more...] about Hut 8 Sticks to Its ‘Hodl’ Strategy After Mining 265 Bitcoins in November
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed the goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million.During the quarter, Hut 8 generated 50.34 million (CA$) (worth around $40 million) in revenue and … [Read more...] about Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves