Hut 8 to manage mining operations for Celsius’s newly-created MiningCo
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing…
Bitcoin miner Hut 8 revenue declined by $18.3 million in Q2
Hut 8 posted revenue of $14.3 million (19.2 Canadian Dollars), which had fallen $18.3 million during the quarter compared to Q1, 2023. The company mined 399 Bitcoin (BTC) but sold…
Hut 8 Mining stock down on a big hit to Q1 revenue: buy the dip?
Hut 8 Mining reports a 64% year-on-year hit to revenue in its Q1. Craig-Hallum analyst sees downside in “HUT” to C$2.0 a share. Hut 8 Mining stock is now down…
Hut 8 Mining swings to adjusted EBITDA loss in its fiscal Q4
Hut 8 Mining reports disappointing results for its fiscal Q4. Digital assets mined this quarter was also down year-on-year. Wall Street currently has a consensus overweight rating on HUT. Hut…
Hut 8 just announced a merger with US Bitcoin: here’s what we know
Hut 8 to merge with US Bitcoin to diversify revenue streams. Mining potential of the combined company will be 5.6 EH/s. Hut 8 Mining Corp stock ended slightly down on…