2023-10-11 17:14:00
The digital asset miner and IT infrastructure provider holds a total of 9,366 self-mined BTC.
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), an innovation-driven digital asset miner and IT infrastructure provider in North America, mined 111 bitcoins in September 2023.
Production highlights for September 2023
111 bitcoins were generated, an average production rate of approximately 3.7 bitcoins per day No bitcoins were sold during the month The total balance of bitcoins in reserve was 9,366 as of September 30, of which 7 ‘269 unencumbered ASIC hash capacity installed at our Alberta facility was 2.6 EH/s at the end of the month Hut 8 produced 42.7 BTC/EH in September
At a special meeting held on September 12, Hut 8 shareholders overwhelmingly approved the proposed business merger with US Data Mining Group, Inc. under the name US Bitcoin Corp (“USBTC”), which will be carried out through a court-approved plan of arrangement under the Business Corporations Act (British Columbia), an important step toward the completion of the transaction. On September 15, the Supreme Court of British Columbia issued a final order approving the arrangement, a key requirement for the completion of the transaction with USBTC.
“We continue to make progress toward completing our transaction with USBTC, and we are grateful to our shareholders who have demonstrated their overwhelming support by voting in favor of the merger,” said Jaime Leverton, CEO of Hut 8. “The vote , together with the British Columbia Supreme Court’s approval of our plan of arrangement, moves us forward into a new phase for Hut 8, which will benefit from highly diversified fiat revenue streams in the field of high-performance computing, hosting and managed infrastructure operations, all aimed at seizing the opportunities and solving the challenges that single-threaded miners will face in the next halving.”
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