Hut 8 Mining (HUT) stock jumps 12% after production update for August 2021 – Own Snap


Over the past day, the value of the company’s shares rose sharply on the stock chart, from $ 8 to $ 9, a 12% jump. In addition, the value of the stock was showing a high volume in the market compared to opponents. Additionally, Hut 8 Mining, one of the leading pioneers in innovation-driven digital asset mining in North America, receives a company update. For today, the total market capitalization of the company is 1.306 billion. As the company noted, 326 Bitcoin were mined resulting in an average production of 10.5 Bitcoin per day, 100% of self-mined Bitcoins were deposited in custody as of August 31, in accordance with the strategy ” hodl ”from Hut 8, the total Bitcoin balance held in reserve: 4,450 as of August 31, 2021, receipt and installation of 1,025 new net MicroBT machines, adding 92 PH / s to the production rate. Due to the installation of additional MicroBT 30S machines in August, the company’s hash rate is raised to 1.37 EH / s.


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