Hut 8 Mining increases Bitcoin holdings

Hut 8 Mining generated 330 #Bitcoin in July, resulting in an average production rate of 10.61 Bitcoin per day.

The Canadian digital asset miner's #Ethereum mining, for which it gets payment in Bitcoin, generated roughly 10.7% of its total production.

The company now has 7,736 Bitcoin in its holdings as 100% of the self-mined Bitcoin in July were deposited into custody.

"We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently," said Jaime Leverton, CEO.