Reading time: ~2 m
At the end of July 2022, the Canadian mining company Hut 8 Mining accumulated 7736 BTC ($178 million at the exchange rate at the time of writing). This is stated in the press release.
During the reporting period, 330 BTC were mined with an average production of 10.6 BTC per day. Hut 8 left all coins on the balance sheet.
As of July 31st, the firm’s hashrate has reached approximately 2.92 EH/s.
According to Hut 8 CEO Jamie Leverton, the company’s non-bitcoin business continues to grow. He spoke about the conclusion of a contract with the Foundry mining pool as a client of cloud services.
Earlier, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.74%, to 28.17 T.
How the collapse of the price of bitcoin affected large miners and what will happen next
Recall that in July, the Argo Blockchain mining company mined 219 BTC, which is 22% more than the previous month.
In early August, Marathon Digital Holdings agreed to a $100 million revolving line of credit from Silvergate Capital secured by bitcoin.
Chip maker Canaan has announced plans to open a cryptocurrency mining facility in the US.
Previously, the largest Monero mining pool – MineXMR – announced the cessation of work on August 12.
#Mining #company #Hut #reserves #exceeded #BTC
