Hut 8, a Bitfury-backed mining company, mined 828 bitcoins in the first quarter of this year

Mining company Hut 8 Mining Group announced that it mined 828 bitcoins in the first quarter of this year, with operating revenue of nearly 11 million Canadian dollars in the quarter.

Hut 8 Mining Group, a mining company backed by Bitfury, a Bitcoin blockchain infrastructure provider, announced that it mined 828 Bitcoins in the first quarter of this year. This means that Hut 8, which began operations at the end of December last year, has accumulated more than 1,300 Bitcoins.

In addition, Hut 8 obtained 70 million Canadian dollars in IPO financing through listing on the Toronto Stock Exchange in Canada, which was used to continue investing in mining hardware. Its operating income in the first quarter was nearly 11 million Canadian dollars. The company's new mining site in Canada will begin operations in September this year, when the company will have 57 BlockBox devices, and its mining capacity will increase by 335% from the current level.