Hut 8 Ends 2021 With 5,518 BTC in Reserve, Secures $30M Loan

Hut 8 Ends 2021 With 5,518 BTC in Reserve, Secures $30M Loan



  • Hut 8 mined 276 BTC in December, up from 265 within the earlier month.
  • The miner deposited all bitcoin mined into custody, as per its “hodl” technique.
  • Hut 8 now holds 5,518 BTC in reserve, a 97% improve from December 2020.

Hut 8, a publicly-listed bitcoin mining firm, mined 8.9 BTC per day on common in December, totaling 276 bitcoin produced within the month, the corporate mentioned in a press release Wednesday.

Following on its “hodl” technique, Hut 8 mentioned it deposited all bitcoin produced within the interval into custody, and its bitcoin holdings now quantity to five,518 BTC, a 97% improve from the earlier year-end.

“2021 has been a 12 months of transformation for Hut 8, with a deal with not solely rebuilding and upgrading, however future-proofing our operations,” Hut 8 CEO Jaime Leverton mentioned in a statement.

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