Hut 8 Mining (NASDAQ:HUT) reports 265 mined bitcoin which led to an average production rate of 8.83 Bitcoin/day; 100% of the self-mined bitcoin were deposited into custody, consistent with Hut 8's Hodl strategy. This is in comparison to October bitcoin production of 343 and 305 in September; with November, the first eleven months of 2021 the total BTC (BTC-USD) production to 3,105. As of Nov.30, total bitcoin balance held in reserve is 5,242. During November 2021, the company completed the deployment of high-performance NVIDIA chips at Hut 8's site in Medicine Hat, Alberta. Currently, Hut 8 has an installed hashrate of ~1.7 EH/s, which includes the converted hashrate from its fleet of CMPs. "Our NVIDIA CMP deployment is contributing revenue of ~$140K/day, based upon current mining economics. Given the low power intensity of these chips, our cost per Bitcoin of ~$3K means we are achieving unit margins in excess of 95%," Head of
