Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call

In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from the facility to a site in Medicine Hat, Alberta. Pressed about progress by analysts on the company’s earnings call Thursday morning, Hut 8 CEO Jaime Leverton said the firm is assessing opportunities to energize the miners but didn’t give any concrete alternatives.

Source: https://www.coindesk.com/business/2023/03/09/bitcoin-miner-hut-8-talks-operational-issues-and-usbtc-merger-in-earnings-call/?utm_medium=referral&utm_source=rss&utm_campaign=headlines