Hut 8 Mining Keeps Holding Amid Miner Capitulation – Bitcoin Magazine



  • 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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