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Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8 Mining, one of North America’s largest digital asset miners, released its February production figures on Tuesday, reporting an 8% decline in BTC production. However, the company said it plans to sell the 156 BTC mined during the month to fund its operating costs.

Jaime Leverton, Hut 8’s Chief Executive Officer, noted in a statement that the company opted to sell a portion of its stack instead of “seeking other financing options with less attractive terms.” Last month, the com... Read More

Posted: Mar 7 2023, 20:36
Author Name: financemagnates
Views: 111518

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