Bitcoin Miner Hut 8 Produces 147 Bitcoin in May, Sells 179 Bitcoin
North American bitcoin mining company Hut 8 released its May operational data on June 9. The company produced 147 bitcoin in May 2023, averaging approximately 4.7 bitcoin per day, and sold 179 bitcoin for total proceeds of $6.8 million. As of May 31, the total balance of unencumbered bitcoin in reserves stood at 9,233 bitcoin. By the end of May, Hut 8's Alberta facility had installed ASIC mining capacity of 2.6 EH/s.
North American bitcoin mining company Hut 8 released its May operational data on June 9. The company produced 147 bitcoin in May 2023, averaging approximately 4.7 bitcoin per day, and sold 179 bitcoin for total proceeds of $6.8 million. As of May 31, the total balance of unencumbered bitcoin in reserves stood at 9,233 bitcoin. By the end of May, Hut 8's Alberta facility had installed ASIC mining capacity of 2.6 EH/s.