Seeking Alpha
2023-04-05 10:55:38

Hut 8's March bitcoin production falls 16% M/M

Hut 8 Mining ( NASDAQ: HUT ) mined 131 bitcoin ( BTC-USD ) in March 2023 at an average production rate of ~4.2 bitcoin per day. That marks a decline of 16.03% compared to 156 bitcoin ( BTC-USD ) produced in February 2023 . The company said that it is currently hiting an all-time operating high of 1.72 EH/s at our Medicine Hat site after energizing approximately 1,000 additional miners transferred from our North Bay site. As of March 31, it held 9,133 bitcoin in reserve. Installed ASIC hashrate capacity at our Alberta facilities was 2.6 EH/s at the end of the month. Hut 8 produced 50.38 BTC/EH in March.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.