{"id":15334,"date":"2021-08-04T12:01:25","date_gmt":"2021-08-04T12:01:25","guid":{"rendered":"http:\/\/ci0289d3bbe0002560"},"modified":"2021-08-04T12:01:25","modified_gmt":"2021-08-04T12:01:25","slug":"hut-8-bitcoin-mining-150-million","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/hut-8-bitcoin-mining-150-million","title":{"rendered":"Public Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Hut 8 Mining, one of North America\u2019s largest Bitcoin mining operations, revealed Wednesday it produced 300 bitcoin, or an average of 9.7 BTC per day, this July.&nbsp;<\/p>\n<p>All told, the figures were up 50 percent from previous months, an increase Hut 8 said was the result of the &#8220;ongoing prohibition on cryptocurrency mining in China.&#8221;<\/p>\n<p>The first publicly traded miner on the Toronto Stock Exchange and the first Canadian miner to be listed on The Nasdaq Global Select Market, the company&#8217;s monthly filings offer a window into how North American operations are benefitting from the reduction in market competition.<\/p>\n<p>During the month of July, for example, Hut 8 received and installed 920 new mining rigs, adding 73 peta hashes per second to its production rate. This pushed the firm&#8217;s total computational power to nearly 2.5 exahashes per second.<\/p>\n<p>Notably, all of the bitcoin the company mined last month were put into cold storage, signaling Hut 8 believes its holdings will appreciate long term.<\/p>\n<p>As of July 31, Hut 8 now holds 4,123 bitcoin worth over $150 million in reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publicly traded Hut 8 has seen its Bitcoin mining production increase by 50 percent in the wake of China&#8217;s crackdown on its domestic industry.<\/p>\n","protected":false},"author":2936,"featured_media":15335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-15334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"author_data":{"id":2936,"name":"Alex Mcshane","nicename":"bitcoin-journalist-alex-mcshane","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/3dd6bbed938cbadeed734dfff7b3964c2a43e2784e2d9ead80b8d5476f8209f1?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/slush-pool-to-re-enable-bip-101-bitcoin-mining.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2936"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=15334"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/15335"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=15334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=15334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=15334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}