Tag: Hut
Hut 8’s Q2 Loss Widens to $69M, Continues to Hodl Bitcoin
However, the firm's mining profit was more than halved to C$14.9 million compared to Q1, due to higher power costs and the decline in the price of bit [...]
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 [...]
5,800 Rigs Are Now Churning at Hut 8's Ontario Site – And the Miner Will Be 'Hodling' All the Bitcoins They Mine
HUT continues to hold onto its bitcoin while others sell off.
www.coindesk.com [...]
Crypto Miner Hut 8 Bucks Trend by ‘Hodling’ its Mined Bitcoins
The miner also concluded its crypto lending program, bringing all of its bitcoin back into custody.
www.coindesk.com [...]
CleanSpark, Hut 8 Stocks Lead Bitcoin Miner Rally as Markets Bounce Back
“With the plummeting bitcoin price, the profitability of these companies will continue to be under pressure,” said Jaran Mellerud, an analyst at Arcan [...]
Hut 8 in Deal to Become 100% Self-Mining Company
The digital asset miner will buy out all hosted rigs at its Medicine Hat mining facility in Alberta.
www.coindesk.com [...]
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 p [...]
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 de [...]
Crypto Miner Hut 8 Reports Surprise Q4 Loss, Shares Fall
The miner's Q4 revenue was in line with expectations, while EBITDA missed estimates.
www.coindesk.com [...]
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 cont [...]
Hut 8 Sticks to Its ‘Hodl’ Strategy After Mining 265 Bitcoins in November
Hut 8 also said it has completed the deployment of its high-performance Nvidia chips at Hut 8′s site in Medicine Hat, Alberta, which is generating [...]
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed its goal set earlier this year of holding 5,0 [...]
Hut 8′s Revenue Rose More than 700% in Q3, Beating Analyst Estimates
Hut 8′s third quarter revenue was C$50.3 million ($40 million), rising about 767% from last year and beating the average analyst estimate of C$43.7 [...]