Hut 8 surpasses 9.3k bitcoin reserves in self-mining milestone
North American digital asset miner Hut 8 revealed that it mined 111 Bitcoin in September, or an average production rate of approximately 3.7 Bitcoin a day. This brings the total of self-mined BTC reserve s to 9,366, an 8% increase over the previous month. Growing reserves At the time of writing, Bitcoin currently sits just above $27,000, making the total reserve amount $258 million. Despite showing growth between months, the amount of Bitcoin mined is down year-over-year, although numbers are comparable to earlier this year where 147 Bitcoin were reported mined in May at the same time 179 BTC were sold. Alongside the production report, Hut 8 reports a hashrate capacity in Hut 8’s Alberta facilities as being 2.6 EH/s towards the end of the month, with production marked at 42.7 BTC/EH. You might also like: El Salvador pioneers first Bitcoin mining pool, boosting renewable energy The press release also reports that no Bitcoin was sold during the month of September, sugges...