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Hut 8
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Hut 8
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CryptoCurrency
Hut 8's Top Investors Given Chance to Spearhead Class Action Lawsuit
The allegations include Hut 8 failing to disclose vital information to investors.
Last year, Hut8 and USBTC announced the completion of a business combination.
Thursday, 21/03/2024 | 17:33 GMT
by
Jared Kirui
CryptoCurrency
Hut 8 Shuts Canadian Bitcoin Mining Site to Strengthen Efficiency and Financials
It will relocate the efficient Bitcoin miners from the closed site to another site.
The relocation would increase the Bitcoin mined per EH by about 11 percent.
Thursday, 07/03/2024 | 09:19 GMT
by
Arnab Shome
Executives
Hut 8 Announces Change in Leadership: Asher Genoot Succeeds Jamie Leverton as CEO
Genoot brings considerable experience from his previous role as the President of US Bitcoin Corp.
Hut 8’s portfolio includes computing data centers in British Columbia and Ontario and Bitcoin mining and hosting sites.
Wednesday, 07/02/2024 | 17:54 GMT
by
Jared Kirui
CryptoCurrency
Hut 8’s Revenue Tumbles 46% amid Bitcoin’s Rising Challenges
Hut 8 Mining Corp. sees a dip in Q3 revenue to $17 million.
The reason is the lower mining output caused by increasing network difficulty.
Wednesday, 15/11/2023 | 08:54 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8's Bitcoin Output Holds Steady in October, Defying Decline in Industry Production
The crypto mining firm mined 112 Bitcoins in October.
Hut 8 sold 365 Bitcoins worth CAD$14.6 million during the period.
Tuesday, 07/11/2023 | 15:37 GMT
by
Jared Kirui
CryptoCurrency
Hut 8 Mines Less but Hoards More Bitcoins in Crypto Vault
Hut 8 mined 111 Bitcoin in September, 166 less than a year ago.
However, the company maintains one of the largest self-mined Bitcoin reserves among publicly traded companies.
Wednesday, 11/10/2023 | 08:03 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8 Obtains Supreme Court Approval for USBTC Merger in Canada
This move unlocks a mining capacity of 825 megawatts across six facilities.
The merger creates 'New Hut', which will be publicly-traded in the US.
Monday, 18/09/2023 | 14:25 GMT
by
Jared Kirui
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CryptoCurrency
Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
Bitcoin's flash crash negatively affected the performance of mining companies.
In addition, their revenues fell to monthly lows.
Thursday, 24/08/2023 | 11:54 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8 Reports Decline in Q2 Revenue amid Low Mining Output
The company's revenue declined 56% year-over-year during the quarter.
The decline was contributed by the closure of the miner's North Bay facility.
Monday, 14/08/2023 | 18:01 GMT
by
Jared Kirui
CryptoCurrency
Hut 8 Reports Double-Digit Decline in Bitcoins Mined in June
The crypto miner produced 120 Bitcoins in June.
The figures represent a decline of 18% compared to the previous month.
Thursday, 06/07/2023 | 14:38 GMT
by
Jared Kirui
Institutional FX
Bitcoin Miner Hut 8 Secures $50M Credit Facility from Coinbase
The mining firm said the facility provides ‘additional financial flexibility’.
It follows an announcement of a merger between Hut 8 and US Bitcoin.
Monday, 26/06/2023 | 19:01 GMT
by
Jared Kirui
CryptoCurrency
BTC Miner Hut 8 Doubles 2022 Net Loss to $176 Million
Despite higher Bitcoin production, Hut 8 felt the rising costs and lowering BTC prices.
BTC miner joins its competitors and increases the overall net loss.
Thursday, 09/03/2023 | 12:56 GMT
by
Damian Chmiel
CryptoCurrency
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations
Hut 8 sold 188 BTC in January 2023.
The Canada-based miner merged with US Bitcoin last month.
Tuesday, 07/03/2023 | 20:36 GMT
by
Solomon Oladipupo
CryptoCurrency
Hut 8 Merges with US Bitcoin to Fight Crypto Winter
Two companies announced the merger of equals.
The joint mining capacity will reach 5.6 EH/s.
Wednesday, 08/02/2023 | 09:27 GMT
by
Damian Chmiel
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CryptoCurrency
Hut 8 Loss Deepens Despite Higher Mining Rate
The company was able to mine 928 bitcoins.
Despite increased production, the net loss is deepening.
Thursday, 10/11/2022 | 14:02 GMT
by
Damian Chmiel
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