07:02 AM EST, 03/05/2024 (MT Newswires) -- Hut 8 Corp. ( HUT ) , down 2% in US premarket, on Tuesday provided an operations update for the month of February.

Highlights:

Total energy capacity under management: 926 MW (February 2024) 839 MW (January 2024)

Total deployed miners under management: 258.2k (February) 214.7K (January)

Total hashrate under management: 27.0 EH/s (February) 22.3 EH/s (January)

"We advanced a number of strategic initiatives designed to increase our operating scale and optimize our metrics in February," said Asher Genoot, CEO of Hut 8 ( HUT ). "We made excellent progress in building out our new 63 MW self-mining site in Culberson County, Texas and at Ionic Digital's 240 MW Cedarvale site in Ward County, Texas. We also announced a new treasury strategy that will allow us to deploy our stack to strategically grow the business."