Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August. Toronto-based crypto mining firm Hut 8 said it plans to increase its self-mined Bitcoin holdings based on its expectation it will be able to expand its hashrate by 400%.According to a Monday announcement, Hut 8 said it expects to hold 5,000 self-mined Bitcoin (BTC) — roughly $172 million — by the end of 2021, a more than 31% increase over its current 3,806 BTC. The company said the anticipated crypto holdings were based on it being able to increase its hashrate to “2.5 – 3.0 EH....
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Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can use this technology at the ATL facility to create energy savings, expand total power capacity, and reduce greenhouse gas emissions. According to a press statement, Nasdaq-listed Cleanspark intends to quadruple the number of ASIC bitcoin miners in operation at ATL. This will happen once the firm adds another 30 megawatts (MW) of electricity....