Hut 8
Canadian Miner Hut 8 Revenue Surged Over 700% in Q3
Canadian cryptocurrency miner Hut 8's third-quarter revenue was $40 million, rising about 767% from last year and beating the average analyst estimate of $34.8 million. Hut 8 Mining Chief Financial Officer Shane Downey shares insights into the firm's growth and plans. Plus, his take on the impact of Bitcoin's Taproot upgrade and China's crypto crackdown on Hut 8's business operations.
Hut 8′s Revenue Rose Over 700% in Q3, Beating Analyst Estimates
The Canadian crypto miner beat third quarter revenue and earnings estimates and held about $342 million in bitcoin.
Bitcoin Mining Profits Remain at ‘Near Highs’ as Crypto Miners Rally
Crypto mining stocks are surging as bitcoin mining hashrate falls, helping to keep profit margins elevated.
Mawson Infrastructure Group Lists Mining-Focused ETF in Australia
The firm’s Cosmos Asset Management unit listed its crypto mining and digital infrastructure-focused ETF on Australia’s Chi-X stock exchange.
Hive Leads Crypto Mining Stocks Higher as Bitcoin Hits All-Time High
Shares of crypto miners continue to rally as bitcoin moves further into record territory.
Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson
The broker started research coverage of “top four” bitcoin mining stocks with a positive view on the industry for the near term.
Crypto Miners Hoarding Bitcoins as Price Surges Above $55K
Riot Blockchain, Marathon Digital and Hut 8 have all been “hodling” the bitcoin they’ve mined in September.
Crypto Miners Marathon Digital, Hut 8 Rally as Bitcoin Tops $50K
The Bitcoin blockchain’s hashrate has increased, and so has mining difficulty, but investors are betting the largest cryptocurrency’s recent price gains might translate to profit growth.
Potential Impact of the Bipartisan Infrastructure Bill on Miners
Tanya Woods, General Counsel at North American mining giant Hut 8, discusses how the U.S. Senate’s $1 trillion bipartisan infrastructure bill could affect Hut 8, which operates exclusively in Canada, and how it could inform the outlook for crypto regulation in the Great White North.
Bitcoin Mining Council Says Sustainable Power Mix on the Rise
According to a new survey by the Bitcoin Mining Council, bitcoin mining has increased to 56% sustainable energy consumption in the second quarter of this year. Councilmember Jaime Leverton of crypto mining firm Hut 8 digs into the data on sustainable mining, discussing bitcoin's heated energy debate. Leverton also addresses concerns that Hut 8 is a "dirty miner," affirming Hut 8 is "looking at programs to involve carbon offsets, and build out a framework... to become more sustainable over time."
