Blockchain
Hut 8 Mining Production and Operations Update for July 2022
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased its Bitcoin holdings by 330 in the period ending July 31. Hut 8 now has 7,736 Bitcoin in its holdings.
Production highlights for July 2022:
- 330 Bitcoin were generated, resulting in an average production rate of 10.61 Bitcoin per day
- Our Ethereum mining – for which we receive payment in Bitcoin – generated approximately 10.7% of our total production
- Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in July were deposited into custody
- Total Bitcoin balance held in reserve is 7,736 as of July 31, 2022
- Installed operating capacity was 2.92 EH/s at the end of the month
- Hut 8 produced 113.01 BTC/EH in July
Additional updates:
- Monthly shipments of MicroBT miners continue to arrive as scheduled and are being installed in real time
- A severe thunderstorm on July 18 interrupted the power supply to the Medicine Hat mine and surrounding area – site infrastructure and equipment were not damaged – and power was restored on July 23
- Hut 8’s high-performance computing business, which is not correlated to Bitcoin or Bitcoin mining, continues to grow: we recently signed Foundry as a cloud services client
“We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently,” said Jaime Leverton, CEO. “At the same time, we continue to focus on growing the uncorrelated recurring revenue within our high performance computing business and are thrilled to welcome Foundry aboard as a cloud services customer in our Mississauga data centre.”
Blockchain
Trident Reports First Half 2024 Unaudited Financial Results
Blockchain
CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities
Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.
Blockchain
Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum
-
Blockchain Press Releases5 days ago
Sweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain3 days ago
Reynold Lemkins Group Attends The Asset ESG Annual Summit to Explore New Paths for Corporate Sustainable Development
-
Blockchain Press Releases5 days ago
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain Press Releases4 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
-
Blockchain3 days ago
Bybit Web3 Deepens Outreach and Support for TON Community with TON Foundation, TON Society, and TON X at Devcon 7
-
Blockchain5 days ago
Frontiers of Fintech: Innovative Practices of SILEGX Exchange
-
Blockchain5 days ago
Adapt or Die: The Urgent Shift from VASP to MiCA
-
Blockchain4 days ago
WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry