On August 17, Hut 8 Mining Corp. announced that it has signed an equity distribution agreement with Stifel and Canaccord Genuity. In accordance to which the company has set up an ATM or at-the-market ...
Tag: Hut
Hut 8’s Q2 Losses Skyrocketing to $69M
The Losses Cause by Revaluation of its Digital Assets Canadian bitcoin (BTC) miner Hut 8 (HUT) reported a loss of 88.1 million CAD or 69 million USD during the second quarter, as opposed to a loss of...
Bitcoin miner Hut 8 reports $69 million second-quarter net loss
Bitcoin miner Hut 8 reported a net loss of C$88.1 million (about $69 million) and a 17.8% decline in revenue to C$43.9 ($34.3 million) in the second quarter of 2022. The company’s financial resu...
Bitcoin Miner Hut 8 Misses Projections, but Soars 20%
Hut 8 narrowly missed on revenue, which the bitcoin miner attributed to increasingly volatile market conditions The company posted a loss of $0.38 per share Canadian crypto miner Hut 8 posted lower-th...
Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders
North American publicly traded cryptocurrency mining company Hut 8 Mining Corp has announced its operational update of July. Last month, Hut 8 revealed that it mined 330 Bitcoins at an average rate of...
Bitcoin Miner Hut 8 Continues Holding BTC Strategy for July Month
Recent crypto market downturn many crypto firms in the industry amidst trembling and beleaguered situations. Mining sector also experienced turbulence and that led many crypto mining firms to face tou...
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based comp...
Hut 8 Purchases 5,800 Mining Rigs to Improve Productivity in Ontario
Hut 8, a Bitcoin mining company based in Canada, announced on Wednesday that it has bought 5,800 mining machines for its Ontario facility. With the latest purchase, these mining rigs to its fleet at i...
Major Bitcoin Miner Hut 8 Is Confident in HODL Strategy, While BTC Exchange Inflow Volume Reaches Monthly Low
Gamza Khanzadaev Bitcoin Miner HUT 8 sends 100% of mined BTC to custody, does not intend to sell One of North America’s largest miners, Hut 8 Mining Corp, reported its results for the past month...
Which crypto miner would be best for investment, Canaan or Hut 8 Mining?
Given the overall growth in the crypto market, crypto mining is also a significant sector that takes consideration while investing in the space A simple advice a good investor follows is not to get di...
What made Hut 8 to take its place among top bitcoin miners?
Amidst the massive breakout all around the market other headlines also emerged in the space such as mining firm Hut 8 is getting into elite bitcoin miners list Not everything in the market is going ba...
Crypto Miner Hut 8 Launches New Facility in Ontario, Bitcoin Mining Production Remains Robust
On Monday, Hut 8 Mining Corp, a Bitcoin mining company, published its Bitcoin (“BTC”) production and miner installation updates for May 2022. Based on the latest report by Hut 8 Mining Corp, the crypt...
Crypto miner Hut 8 begins operations at new Canada location
Hut 8 began mining last Thursday at its new location in Ontario, Canada. So far, the company is operating on 15 megawatts of power, which has added roughly 400 petahashes per second to Hut 8’s operati...
Yum Brands’ Digital Sales Mix Exceeds 40%, While Pizza Hut U.S. Takes A Hit From Delivery Driver Shortages
LOS ANGELES, CALIFORNIA – AUGUST 06: A ‘Now Hiring’ sign is posted at a Pizza Hut on August 06, 2021 … [+] in Los Angeles, California. The U.S. economy added over 900,000 jobs ...
Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs
Canada-based crypto mining firm Hut 8 has closed a deal that will see the company become fully focused on self-mining. The publicly-traded company is buying all 960 Whatsminer M31S+ machines from host...
Bitcoin Mining Stocks Look Cheap. Why Investors Are Still Skeptical.
Text size Costs per Bitcoin mined range from $4,500 to $16,000 across the industry. Dreamstime A recovery in the price of Bitcoin should fuel gains for mining companies that process transactions on th...
Hut 8’s Data Center Deal Will Set it Apart From Peers, Analyst Says
“The blatantly obvious challenges facing bitcoin miners are the recent selloff in BTC price and supply chain disruptions and, as expected, the stock price followed bitcoin’s trajectory,” wrote Sutton ...
Hut 8 Achieves Record High Annual Revenue of $173.8m
A prominent Canadian cryptocurrency mining company, Hut 8 achieves a record high annual revenue of $173.8 million. Bitcoin holdings will increase by 100% to 5,518 by the end of 2021, with a market cap...
Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%
Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year f...
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...
Crypto Miner Hut 8 Teams Up With Enthusiast Gaming for Multi-Year Partnership
“As ambitious leaders at the intersection of gaming and digital asset mining, Enthusiast Gaming and Hut 8 will collaborate on new experiences and content within mobile and blockchain gaming, Web 3.0, ...
Hut 8 Mining Corp Announces January 2022 Bitcoin Production
Hut 8 Mining Corp, a Canadian digital currency firm, today announced the mining production results for the month of January 2022. The blockchain firm said that it mined 308 Bitcoins for the month at a...