Encrypted mining company Hut 8 expects to hold about 5,000 bitcoins by the end of next year

Canadian cryptocurrency mining company Hut 8 officially stated that it is expected that by the end of 2021, the company's mining power will be expanded from the current 1.2 EH to approximately 2.5-3.0 EH, and to approximately 6 EH by the middle of 2022. The company’s self-mining bitcoin holdings on its balance sheet are expected to increase from approximately 3,806 bitcoins on June 27, 2021, to approximately 5,000 bitcoins at the end of 2022.