Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million

Hut 8 Mining, one of North America’s largest Bitcoin mining operations, revealed Wednesday it produced 300 bitcoin, or an average of 9.7 per day, this July. 

All told, the figures were up 50 percent from previous months, an increase Hut 8 said was the result of the “ongoing prohibition on cryptocurrency mining in China.”

The first publicly traded miner on the Toronto Stock Exchange and the first Canadian miner to be listed on The Nasdaq Global Select Market, the company’s monthly filings offer a window into how North American operations are benefitting from the reduction in market competition.

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