Market Cap: $3,811,914,659,354
24h Vol: $95,467,003,561
Cryptocurrencies: 27289
Markets: 108940
Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Seeking Alpha 2023-01-06 11:38:15

Hut 8 Mining's bitcoin reserves grow by 65% Y/Y in 2022

Hut 8 Mining's bitcoin reserves grow by 65% Y/Y in 2022
Hut 8 Mining ( NASDAQ: HUT ) increased its bitcoin ( BTC-USD ) holdings by 161 in December 2022, bringing its total self-mined holdings in 2022 to 9,086 bitcoin - a 65% increase over the balance at the end of 2021. Average production rate was approximately 5.2 bitcoin per day, with 100% of bitcoin mined added to balance sheet. However, unusually high energy prices led Hut 8 ( HUT ) to curtail production and sell power back to the provider. "I am proud of the team's collective and continued grit and perseverance through headwinds that built up in late Q4 2022," said CEO Jaime Leverton. "In spite of challenging market forces, we continued growing the largest unencumbered, self-mined Bitcoin stack of any publicly traded company, welcomed our new CFO Shenif Visram, and our balance sheet first approach has us well positioned in 2023."
esptco-banner img
Latest News

Videos

  • Hardware vs Software Wallets: Which One is Better for You?

  • What is Bitcoin Mining? Step By Step Process!

  • How To Buy NFTs? Step by Step Guide for Beginners

  • Top 5 Crypto Exchanges 2022: Best Crypto Exchanges to Work With!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire