- In a corporate update published Monday, the Toronto-based firm said it expects the figure to grow to around 5,000 by the end of the year.
- We now have 1.2 Exahash in production and ongoing installation of new equipment puts us on a near-term trajectory to produce an additional 2-3 Bitcoin per day by the end of August, on top of our current production rate of 6.2-7.3 Bitcoin per day,” CEO Jaime Leverton said.
- In its first-quarter results, Hut 8 reported holding 3,271 as of March 31. Monday’s report represents an increase of 535 BTC in less than three months.
- Miners accumulating coins can be seen a bullish sign for the market as it points to them holding coins in anticipation of a price rally.
