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December 19, 2024

Hut 8 Expands Bitcoin Holdings, Pushes Total to $1 Billion

Hut 8 Mining Corp has made headlines by purchasing approximately 968 Bitcoins at an average price of around $104,258 each. This significant investment totals about $100 million, propelling its overall Bitcoin stash to an impressive $1 billion. This move reinforces Hut 8’s commitment to enhancing its asset base amidst fluctuating market conditions. Investors watch this development as it showcases the miner’s strategic growth and confidence in the future of Bitcoin.

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