Hut 8 Maintains ‘Hodl’ Strategy After Mining 265 Bitcoin in November

• Hut 8 mined 256 bitcoin in November.
• The Canadian miner has deposited all of the BTC it scooped final month into custody, sustaining its “hodl” technique.
• Hut 8 now holds 5,242 bitcoin in reserve.

Canadian bitcoin mining firm Hut 8 deposited all of its 256 bitcoin mined in November into custody, the corporate stated in a statement Thursday. The miner launched into a “Hodl” technique earlier this 12 months and at the moment holds 5,242 BTC in reserve.

Hut 8 additionally stated it’s leveraging Luxor pool to extend its day by day BTC income. Luxor Applied sciences offers a profit-switching software that enables miners to maximise rewards by using computing energy to different blockchains whereas receiving payouts in bitcoin. Hut 8 stated it had accomplished the deployment of its NVIDIA chips at its Drugs Hat, Alberta, facility.