Shares of Hut 8 Mining Corp.
HUT,
HUT,
rallied 4.2% in premarket trading Tuesday, after the bitcoin miner said it generated 277 bitcoin
BTCUSD,
in September, at an average rate of 9.2 bitcoin per day. That brings the company’s total bitcoin held in reserve to 8,388, which at current prices would be valued at about $167.6 million. “We continue to add to our Bitcoin on balance sheet, which is the largest unencumbered, self-mined stack of any publicly-traded mining company,” said Chief Executive Jaime Leverton. The stock has run up 38.4% over the past three months, while bitcoin has gaied 2.9% and the S&P 500
SPX,
has lost 3.8%.