Hut 8 Mining increases Bitcoin holdings by 161 in December to 9,086

Hut 8 Mining increased its Bitcoin holdings by 161 in the period ending December 31, bringing its total self-mined holdings to 9,086 Bitcoin. The company said, "Unusually high energy prices led Hut 8 to curtail production and sell power back to the provider. Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in December were deposited into custody. Total Bitcoin balance held in reserve as of December 31 is 9,086 – a 65% increase over the balance at the end of 2021. Installed ASIC hashrate capacity at Hut 8’s Alberta facilities was 2.5 EH/s at the end of the month. Hut 8 produced 64.4 BTC/EH in December.