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Seeking Alpha
2022-08-05 11:44:25

Hut 8 Mining reports 2.7% drop in July average production rate

Hut 8 Mining reports 2.7% drop in July average production rate

Hut 8 Mining (NASDAQ:HUT) increased its Bitcoin holdings by 330 in the period ending July 31 leading to average production rate of 10.61 Bitcoin/day; it now has 7,736 Bitcoin in its holding.This is in comparison to 328 mined bitcoins in June.The company produced 113.01 BTC/EH in July.Ethereum mining generated ~10.7% of total production.100% of the self-mined bitcoin in July were deposited into custody.As of July 31, 2022, total bitcoin balance held in reserve stood at 7,736.Installed operating capacity was 2.92 EH/s at the end of the month.Shares trading 4.8% higher premarket.

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