Hut 8 Boosts Bitcoin Reserves to 9.4K Amid USBTC Merger

Hut 8 Mining Corp’s impressive Bitcoin mining, growth, and strategic merger with USBTC set the stage for cryptocurrency success.
Hut 8 Boosts Bitcoin Reserves to 9.4K Amid USBTC Merger
Hut 8 Boosts Bitcoin Reserves to 9.4K Amid USBTC Merger

Hut 8 Mining Corp., A top North American supplier of computing infrastructure and mining services for digital assets, announced that they had mined 111 Bitcoins in September 2023.

By the end of the month, there were 9,366 Bitcoins total 7,269 of which were usable produced on average at a rate of about 3.7 per day, all of which were kept in reserves. They also emphasized the 2.6 EH/s installed ASIC hashrate capacity at their Alberta sites. Their output rate in September was 42.7 BTC per EH.

Additionally, the proposed corporate merger with US Bitcoin Corp (USBTC) has made tremendous progress. On September 12, the transaction was overwhelmingly approved by shareholders.

Progress toward closing our transaction with USBTC continues, and we’re grateful to our shareholders who demonstrated their overwhelmingly positive support by voting in favor of the merger,” stated Jaime Leverton, CEO of Hut 8.

The Arrangement was finally approved by the Supreme Court of British Columbia on September 15, bringing them one step closer to building a new Hut 8 with a variety of financial revenue streams, including as high-performance computing, hosting, and managed infrastructure operations.

Due to its dedication to acquiring Bitcoin and its smart merger with USBTC, Hut 8 is well-positioned for future growth in the rapidly changing cryptocurrency market.

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