Hut 8 Mining (HUTMF) Hut 8 mining is the largest bitcoin mine | Crypto Great | Bitcoin | DeFi

Hut 8 Mining (HUTMF)

Hut 8 mining is the largest bitcoin miner in North America, specializing in low-energy-cost mining. As of its latest quarterly filing, the company holds 2,851 bitcoins on its balance sheet, valued at roughly $105 million.

To maximize profits, Hut 8 opened a Bitcoin Yield Account in partnership with Genesis Global Capital earlier this month to earn interest on its bitcoin. Hut 8 made an initial deposit of 1,000 bitcoins, which will generate 4% in interest every year. At today’s prices, this equates to roughly $1.5 million in income and increases as bitcoin’s price climbs.

We’re currently up 913% on Hut 8 Mining due to the surge in bitcoin price over the past couple of months. And we’ll continue to watch its incredible growth.