Bitcoin is the first and largest cryptocurrency. To date, 18.1 million bitcoin exist and only 21 million bitcoin will ever exist.
Blockchain
Blockchain is a cloud based digital public ledger where bitcoin transactions are grouped together and maintained by a community of users.
Mining
Mining, the process required to secure the blockchain, verifies transactions by solving a difficult mathematical puzzle.
Bitcoin Mining Leaders
94ADADatacenters
109MWMax. Megawatts
1073PH/sPetahashes per Second
Figures above are reflective of full operational capacity for all Blockboxes on Hut 8 sites. Actual figures will vary day to day based on operating optimization which focuses on the price of bitcoin, mining difficulty and electricity costs, which are all dynamic and move up or down frequently. In addition, certain boxes may be temporarily placed in standby mode for normal maintenance.
Does not include 9 BlockBoxes being hosted for an institutional client.
Mining Bitcoin in North America
Hut 8 has 94 BlockBoxes representing 109 MW of operating capacity located in Drumheller and Medicine Hat, Alberta.
Hut 8 has assembled a strong team of executives & directors with deep experience in blockchain, software, bitcoin mining, investment banking, venture capital, and government
Investors avoid the need to create online wallets, wire money offshore and safely store their bitcoins. Hut 8 provides a secure and simple way to invest.
“We are pleased to expand operations in the City of Medicine Hat without investing additional capital in new hardware but rather by utilizing our existing Blockboxes more effectively.”
Paul Vigna Wall Street Journal
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin.”
Jack DorseyCEO, Twitter and Square
“Hut 8 is the best way to invest in bitcoin without actually buying bitcoin yourself and keeping it safe. Because of its scale and efficiency Hut 8 gets access to new Bitcoins at prices far below the market price and it keeps its coins safe in the best crypto vault in the world. Once a new Bitcoin rally starts the Hut 8 shares will likely outperform Bitcoin itself. ”
Marc van der ChijsFounder First Block Capital Inc.
“Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
Bill GatesCo-Founder of Microsoft
““At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.””
Peter DiamandisFounder and chairman of the X Prize Foundation
“There is a certain amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but cryptocurrency is even more mathematical and regulated and nobody can change mathematics.”
Steve WozniakCo-Founder of Apple
“It [cryptocurrency] bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”
Elon MuskCEO of Telsa and SpaceX
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