Hut 8 Mining Keeps Holding Amid Miner Capitulation – Bitcoin Magazine

• Hut 8 Mining produced a further 330 BTC within the month of July.
• By the tip of the month, the corporate was working at 2.9 EH/s and continues to obtain month-to-month shipments of further miners.
• The miner at present holds 7,736 BTC on its stability sheet and continues to HODL.

Hut 8 Mining Corp. launched its bitcoin mining and production update for July showcasing its continued long-term HODL technique by growing bitcoin holdings by 330 BTC – valued at round $7.5 million at press time.

Hut 8 continues to carry 100% of its mined bitcoin, which turns into reasonably noteworthy when the broader trend of miners has been to promote a portion of their reserves to keep up operations. After this month’s manufacturing, Hut 8 now holds 7,736 BTC in custody, at present valued at round $177 million.