North American crypto miner Hut 8 reported annual revenue of CA$150.7 million ($109 million) — a decrease of CA$23.1 million compared to the previous year — and a 65% increase in bitcoin holdings. ...
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Cutting Costs and Joining Forces, Bitcoin Miners Hoping for Rebound
After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled with skyrocket...
Hut 8 Halts Bitcoin Mining Facility Amid Energy Dispute
Bitcoin miner Hut 8 is seeking mediation with a third-party energy supplier after relations broke down over a shared power purchase agreement — bringing some of its operations to a halt. The Canadian ...
Hut 8 Q3 losses miss estimates, hashrate jumps 10%
Bitcoin miner Hut 8 missed third-quarter estimates with $23.7 million in net losses compared to the estimated $19.4 million. Revenue of $31.7 million compared to the $36.3 million average analys...
Hut 8 Posts Revenue of $173.8 Million in 2021
The Nasdaq-listed digital asset mining company, Hut 8 announced its financial numbers for 2021 today. The company published record revenue as the figure reached $173.8 million (CAD). The number includ...