Hut 8 Mining Keeps Holding Amid Miner Capitulation – Bitcoin Magazine

  • Hut 8 Mining produced another 330 BTC in July.
  • By the end of the month, the company is 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 bitcoin mining and production update in July, introduced its continued long-term HODL strategy by increasing its bitcoin holdings to 330 BTC – worth around $7.5 million at press time.

Hut 8 continues to hold 100% of its mined bitcoins, which becomes quite noticeable when miner’s trend had to sell part of its reserves to stay afloat. Following production this month, Hut 8 is currently holding 7,736 BTC, currently valued at around $177 million.

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