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Hut 8 Mining Bitcoin Holdings

Public Companies that Own Bitcoin

Entity Country Symbol:Exchange # of BTC Value Today % of 21m
MicroStrategy MSTR:NADQ 132,500 132500 0.631%
Galaxy Digital Holdings BRPHF:OTCMKTS 40,000 40000 0.19%
Voyager Digital LTD VOYG:TSX 12,260 12260 0.058%
Marathon Digital Holdings Inc MARA:NADQ 12,232 12232 0.058%
Tesla, Inc TSLA:NADQ 10,725 10725 0.051%
Hut 8 Mining Corp HUT:NASDAQ 9,086 9086 0.043%
Coinbase Global, Inc. COIN:NADQ 9,000 9000 0.043%
Block, Inc. SQ:NYSE 8,027 8027 0.038%
Riot Blockchain, Inc. RIOT:NADQ 6,952 6952 0.033%

What is Hut 8?

Hut 8 is one of the world's largest Bitcoin mining companies. The company is based in Toronto, Canada.

How Much Bitcoin Does Hut 8 Mining Own?

Hut 8 Mining owns 9,086 bitcoins as of January 6, 2023.

When Did Hut 8 Most Recently Announce Their BTC Holdings?

On January 6, Hut 8 (Nasdaq: HUT) (TSX: HUT) announced that they added 161 bitcoins to their holdings during the month of December.

Hut 8 announced they are currently mining with an average production rate of 5.2 bitcoin per day.

The company seems focused on holding bitcoins, as their recently press release states:

Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in November were deposited into custody

This means Hut 8 is planning to hold its bitcoins long term, rather than sell them for cash.

Is Hut 8 Public?

Yes, Hut 8 is a public company listed on the NASDAQ and also on the Toronto Stock Exchange (TSX). You can view its live share price here.

What Do Hut 8's Mines Look Like?

You can view the video below to see an example of one of the company's mines:

Does the Company Use Renewable Energy?

Hut 8 uses a mix of hydro and nuclear power.

Location

A map of the company's mining centers can be found below:

Does Hut 8 Mine Ethereum?

The company also mines Ethereum, however it does not hold the ethereum long term. Instead, it converts the coins into Bitcoin.

In Hut 8's recent press release, the company states:

Our Ethereum mining – for which we receive payment in Bitcoin – generated approximately 10.7% of our total production

Total of Bitcoins Owned by Entities

Category # of BTC Value Today % of 21m
ETFs 808688 808688 3.851%
Countries 244779 244779 1.166%
Public Companies 257466 257466 1.226%
Private Companies 316067 316067 1.505%

Learn More About Other Entities Owning Bitcoin

Entity Country # of BTC Value Today
2,381 2381
643,572 643572
6,952 6952
9,086 9086
9,000 9000
8,027 8027
10,725 10725