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

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  • 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 publicly-listed bitcoin mining company, mined 8.9 BTC per day on average in December, totaling 276 bitcoin produced in the month, the company said in a statement Wednesday.

Following on its “hodl” strategy, Hut 8 said it deposited all bitcoin produced in the period into custody, and its bitcoin holdings now amount to 5,518 BTC, a 97% increase from the previous year-end.

“2021 has been a year of transformation for Hut 8, with a focus on not only rebuilding and upgrading, but future-proofing our operations,” Hut 8 CEO Jaime Leverton said in a statement.

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