Hut 8 Mining Corp. (NASDAQ:HUT) (TSX:HUT), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased our Bitcoin holdings by 299 in the period ending October 31, bringing our total self-mined holdings to 8,687 Bitcoin.
Hut 8 Mining Logo (CNW Group/Hut 8 Mining Corp)
Production highlights for October 2022:
299 Bitcoin were generated, resulting in an average production rate of approximately 9.6 Bitcoin per day
Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in October were deposited into custody
Total Bitcoin balance held in reserve as of October 31 is 8,687
Installed ASIC hashrate capacity was 3.07 EH/s at the end of the month, which excludes certain legacy miners that are set to be fully replaced by the end of the year
Hut 8 produced 97.4 BTC/EH in October
