In the three months leading up to December 31, Cabin 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest innovators and miners of digital assets and a provider of high-performance computing infrastructure, increased by 161, bringing his total supply of self-mined bitcoins to 9086.

December 2022 highlights include:

Hut 8 Mining Corp. Logo: • In accordance with our long-standing HODL strategy, 100% of self-mined bitcoins were deposited in December; • 161 bitcoins were generated, resulting in an average production rate of about 5.2 bitcoins per day; • Due to unusually high energy prices, Hut 8 had to limit production and sell power back to the supplier; • The total amount of bitcoins held in reserve as of December 31 was 9086, a 65% increase over the balance at the end

Source: Prnewswire