A leading digital asset mining and computing infrastructure provider in North America, Hut 8 Mining Corp., announced that they mined 111 Bitcoins in September 2023.
This production averaged approximately 3.7 Bitcoins per day, all of the BTC mined are being retained in their reserves and no bitcoins were sold in september.
At present Hut 8 holds a total of 9,366 Bitcoins as of september 30, with 7,269 available for use.
In September, Hut 8’ production rate was 42.7 BTC per EH, while there ASIC hashrate capacity at Albeta facility, stood at 2.6 EH/s.
Additionally, significant progress was made in their proposed business combination with US Bitcoin Corp (USBTC). Shareholders gave overwhelming approval for the merger on September 12.
Jaime Leverton, CEO of Hut 8, said, “Progress toward completing our transaction with USBTC continues, and we’re grateful to our shareholders who demonstrated their overwhelming support by voting in favour of the merger.”
On September 15, the Supreme Court of British Columbia issued a final order approving the Arrangement, moving them closer to creating a new Hut 8 with diversified fiat revenue streams, including high-performance computing, hosting, and managed infrastructure operations.
Hut 8’s commitment to accumulating Bitcoin and its strategic merger with USBTC position the company well for future growth in the evolving cryptocurrency landscape.
Also Read: Glass Lewis Backs Hut 8 Mining Corp’s Mega-Merger with USBTC
