Listed mining company Hut 8 produced 88 BTC in March, with reserves increasing to 10264 BTC

Nasdaq listed Bitcoin mining company Hut 8 releases its March operational update report. In March, the mining output was 88 BTC, and the Bitcoin reserve increased to 10264 BTC. The deployed hash rate increased by 102% from an average of 4.6 EH/s in February to 9.3 EH/s at the end of March. Hut 8 CEO Asher Genoot stated that the company has spun off almost all ASIC miners into American Bitcoin, an independent mining entity and a majority owned subsidiary of Hut 8, focusing on Bitcoin mining and strategic reserve building.