Hut 8, a leading Bitcoin mining and energy infrastructure company in North America, has solidified its position as a major player in the cryptocurrency market. The firm recently announced the purchase of 990 Bitcoin at an average price of $101,710 per coin , bringing its total reserves to 10,096 BTC , valued at over $1 billion . Strategic Reserve to Drive Growth and Innovation Hut 8’s Bitcoin reserve, built through a combination of low-cost mining and strategic market purchases, serves as a cornerstone of its treasury strategy. The company has achieved an average acquisition cost of $24,484 per Bitcoin , leveraging its reserve as a flexible asset for financing growth initiatives, optimizing its balance sheet, and driving shareholder returns. CEO Asher Genoot emphasized the strategic importance of the reserve: “Our Bitcoin reserve supports a flywheel effect that aligns our capital and operating strategies, enabling us to accelerate value creation across the business.” Key Growth...