Mining company Hut 8 reserves exceed 7700 BTC
- August 7, 2022
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At the end of July 2022, Canadian mining company Hut 8 Mining had accumulated 7736 BTC ($178 million at the time of this writing). This is stated in
At the end of July 2022, Canadian mining company Hut 8 Mining had accumulated 7736 BTC ($178 million at the time of this writing). This is stated in the press release.
During the reporting period, 330 BTC were mined with an average production of 10.6 BTC per day. Cottage 8 left all the money on the balance sheet.
As of July 31, the firm’s hash rate has reached approximately 2.92 EH/s.
According to Hut 8 CEO Jamie Leverton, the company’s non-bitcoin business continues to grow. He talked about signing a contract with the Foundry mining pool as a cloud services client.
Earlier, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.74% to 28.17 T.
Recall that in July, Argo Blockchain mining company mined 219 BTC, which is 22% more than the previous month.
Earlier in August, Marathon Digital Holdings accepted a bitcoin-secured $100 million revolving line of credit from Silvergate Capital.
Chip maker Canaan has announced that it plans to open a cryptocurrency mining facility in the US.
Earlier, the largest Monero mining pool – MineXMR – announced on August 12 that the business was stopped.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
