Hut 8's March bitcoin production falls 16% M/M

Hut 8's March bitcoin production falls 16% M/M


Seeking Alpha
2023-04-05 10:55:38

Hut 8 Mining ( NASDAQ: HUT ) mined 131 bitcoin ( BTC-USD ) in March 2023 at an average production rate of ~4.2 bitcoin per day. That marks a decline of 16.03% compared to 156 bitcoin ( BTC-USD ) produced in February 2023 . The company said that it is currently hiting an all-time operating high of 1.72 EH/s at our Medicine Hat site after energizing approximately 1,000 additional miners transferred from our North Bay site. As of March 31, it held 9,133 bitcoin in reserve. Installed ASIC hashrate capacity at our Alberta facilities was 2.6 EH/s at the end of the month. Hut 8 produced 50.38 BTC/EH in March.