Hut 8 mined 132 BTC in April

In April, Hut 8 Mining mined 132 BTC. In the firm’s reserves at the end of the month there were 9,265 BTC.

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? April 2023 ?

Production Update Highlights:
🧭 9,265 BTC in reserve
💡finalizing options to operationalize miners from North Bay site
⛏️132 BTC mined
✅progress on remediation at Drumheller site
⚙️50.77 BTC/EH

Read the full release here: https://t.co/pvlZDzOV1e.

— Hut 8 (@Hut8Mining) May 9, 2023

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Average hashrate stood at 5.77 BTC/EH. The company’s total hashrate at month-end reached 2.6 EH/s.

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Representatives of the company clarified that they did not sell any bitcoins during the reporting period.

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According to the statement, during April Hut 8 completed repairs at its Drumheller facilities. As a result, the capacity of the installations declined by about 15%.

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Rising electricity tariffs also \”created additional obstacles\” for the company.

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\”We fully understand the impact of the Drumheller problems on the business as a whole: they are complex, but we have made significant progress and have a plan to address them. The company is fully focused on closing the deal with US Bitcoin Corp., which will increase our total capacity to 7.02 EH/s and provide access to additional energy markets\”, — said Hut 8 CEO Jamie Leverton.

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Last month the company mined just one BTC fewer — 131 BTC.

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In April, the miner Bit Digital reported a profit of $32.3m for 2022. During the period, the company mined 1,247.5 BTC and 294.3 ETH.