Tag: hut 8

Aug 16 2022

Bitcoin Miner Riot Q2 Update Underscores Market Conditions, Holds Over 6,000 BTC

The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.Riot increased its mining fleet to over 44,000 miners and still has more than 3,000 left to deploy. The company’s bitcoin production rose 107% YoY. A $14 million bitcoin sale and a 30 million share offering...

Aug 05 2022

Hut 8 Maintains HODL Strategy, Adds 330 BTC To Treasury In July

Hut 8 added 330 BTC to its balance sheet in July as it continues to hold 100% of the bitcoin it mines, while most public miners capitulate.Hut 8 Mining produced an additional 330 BTC in the month of July.By the end of the month, the company was operating at 2.9 EH/s and continues to receive monthly shipments of additional miners.The...

Jul 06 2022

Will Marathon Digital Join Other Miners In Selling Bitcoin? CEO Weighs In

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a “HODL” strategy has permeated the industry as participants have opted to pay off expenses...

May 24 2022

The Performance Cycle Of Public Bitcoin Miners

Using a data-driven approach, it is possible to achieve significant return on investment with bitcoin miners, in both the public and private sectors....

Apr 26 2022

The Current State Of Public Bitcoin Mining

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.The below is a full, free excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to...

Feb 16 2022

Bitcoin Miners Would Rather Sell-Off Stocks Than BTC

Bitcoin mining has been a profitable venture especially since the price of the digital asset began to surge. But despite the increase in price, miners have continued to choose to hold their coins instead of selling them. Rather, these mining companies have taken to selling stocks to fund their operations. This has continued into the new year as a new report shows that...

Feb 04 2022

A Publicly-Listed Bitcoin Miner Shares Expectations For Intel’s New ASIC Chip

A representative of Hut 8 mining discusses the “extremely disruptive” introduction of a new ASIC chip from Intel.“Tom's Hardware broke the news yesterday that Intel would present a new ‘Bonanza Mine’ ASIC chip designed for ultra-low-voltage and energy-efficient Bitcoin mining at...

Jan 05 2022

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

Jan 05 2022 Published at Bitcoin Magazine under tags  bitcoin miner btc business hut 8 loans

The bitcoin miner added 276 BTC to its holdings in December after mining 8.9 BTC per day that month.Hut 8 mined 276 BTC in December, up from 265 in the previous month.The miner deposited all bitcoin mined into custody, as per its “hodl” strategy.Hut 8 now holds 5,518 BTC in reserve, a 97% increase from December 2020.Hut 8, a...

Dec 03 2021

Most Public Bitcoin Miners Are Thriving

Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million.The bitcoin mining industry is booming, and public miners are employing all their efforts to increase daily production and refrain from selling. Marathon Digital, Hut 8, Riot Blockchain, Bitfarms, and HIVE produced a combined total of 1,475 BTC in November, worth nearly $80 million at the time of...

Dec 02 2021

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

The Canadian miner has deposited all the BTC it mined into custody and now holds 5,242 in reserve.Hut 8 mined 256 bitcoin in November.The Canadian miner has deposited all the BTC it scooped last month into custody, maintaining its “hodl” strategy.Hut 8 now holds 5,242 bitcoin in reserve.Canadian bitcoin mining company Hut 8 deposited all of its 256 bitcoin...

Nov 17 2021

Public Bitcoin Miners Are Increasing Their BTC Treasuries

Publicly-traded bitcoin mining firms have been accumulating and holding bitcoin at an increasing rate.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe...

Aug 06 2021

Publicly-Traded Bitcoin Miners Continue To Outperform

Shares of publicly-traded bitcoin mining companies continue to outperform, with many of them up big this week.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now....

Jul 01 2021

Hut 8 Buys 11,090 New Bitcoin Mining Rigs For $44 Million

North American bitcoin mining company Hut 8 has purchased 11,090 rigs for $44 million to complement an earlier purchase of 863 machines.Hut 8 Mining Corporation has announced a $44 million purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from Hong Kong-based company SuperAcme Technology.The purchase complements an earlier one of 863 M30S+ and M30S miners, which Hut...

Mar 23 2021

Hut 8 Joins Foundry USA Bitcoin Mining Pool

As one of North America’s largest institutional bitcoin mining operations, Hut 8 is bringing 14,400 mining rigs to the U.S.-based pool.Hut 8 Mining Corp., one of North America’s largest institutional bitcoin miners, announced today that it will be joining the Foundry USA Pool, becoming the largest bitcoin mining operation to do so.“Hut 8 has added a portion of its total fleet;...

Jan 25 2021

Hut 8 Partners With Foundry Digital To Secure 475 PH/s In Bitcoin Mining Capacity

Hut 8 Mining Corp. has announced a partnership with financial services firm Foundry Digital to secure $11.8 million in financing, which it will put toward 5,400 new MicroBT Whatsminer M30S mining rigs, adding 475 petahashes per second (PH/s) to its mining capacity over the next six months. The financing is structured as a 12-month term with an annual interest rate of 16.5 percent....

Jan 22 2021

Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines

Jan 22 2021 Published at CoinDesk under tags  bitcoin mining foundry hut 8 markets microbt

The new machines will add 475 PH/s to Hut 8's hash power.

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