While the crypto mining industry is staring to emerge from a brutal crypto winter that saw major names like Compute North and Core Scientific (CORZ) file for chapter 11 bankruptcy protection, Hut 8 had to turn off about 8,000 machines in its Ontario facility due to a dispute with its energy provider in mid-November. Since then, it has managed to bring only about 1,000 back online.
Source: https://www.coindesk.com/business/2023/05/11/hut-8-first-quarter-revenue-drops-64-as-bitcoin-mining-difficulties-bite/?utm_medium=referral&utm_source=rss&utm_campaign=headlines