Hut 8 Mining company listed and traded on the Nasdaq stock exchange under the code HUT bitcoin released a statement on its reserves.
Accordingly, the company produced 328 Bitcoins with an average of 10.9 BTC per day in June. With the last production, the number of free Bitcoins in the hands of the company increased to 7406. The present value of these Bitcoins is approximately $148 million.
Maintaining its belief in Bitcoin, the company gave the message that we protect our HODL strategy and will continue to protect it.
The description is as follows:
“Hut 8, one of the largest and innovation-driven digital asset mining pioneers in North America, supporting open and decentralized systems since 2018, increased its Bitcoin count by 328 in June.
With 7,406 free Bitcoin reserves, Hut 8 remains committed to the HODL strategy.
In June, 328 Bitcoins were mined, which means we have an average production rate of 10.9 Bitcoins per day.
100% of Bitcoin mined in June continues to be held, consistent with our longstanding HODL strategy.
As of June 30, 2022, the total Bitcoin balance held in reserve is 7,406.
As of the end of the month, our installed operating capacity reached 2.78 EH/s.”