Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Canadian (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility.

The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total reserves to 7,736 BTC. Its monthly production rate was equivalent to 113.01 BTC per exahash, the company disclosed Friday.

Hut 8 (HUT) stock has mirrored the performance of Bitcoin over the past year. Source: TradingView.