Published: Sept. 12, 2023 at 10:14 a.m. ET
By Adriano Marchese
Hut 8 Mining shares were higher Tuesday morning after the company said it has increased its bitcoin reserve in August by 103.
Shares were trading up 7.2% at 3.12 Canadian dollars ($2.81).
The…
By Adriano Marchese
Hut 8 Mining shares were higher Tuesday morning after the company said it has increased its bitcoin reserve in August by 103.
Shares were trading up 7.2% at 3.12 Canadian dollars ($2.81).
The digital asset mining company said that it generated 103 bitcoin, which represents an average production rate of about 3.3 bitcoin a day.
This brought the company’s total balance of bitcoin in reserve to 9,255 as of the end of the month.
In July, the company mined 116 bitcoins.
Hut 8 is in the process of combining with U.S. Data Mining, which is doing business as US Bitcoin Corp., but the transaction still requires certain regulatory approvals, including from the Supreme Court of British Columbia, as well as from the shareholders of both companies to complete.
Write to Adriano Marchese at adriano.marchese@wsj.com
