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Bitcoin mining firm Hut 8 reported third-quarter earnings that surpassed expectations, with revenue exceeding $43.7 million. Miami-headquartered crypto mining firm Hut 8 reported third-quarter earnings results Wednesday morning. The publicly traded miner with $2.2 billion in market cap reported quarterly…
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Hut 8 has announced an upgrade to its ASIC fleet with the purchase of 31,145 Antminer S21+ units at $15 per terahash. North American cryptocurrency mining giant Hut 8 has unveiled plans to upgrade its ASIC fleet with the purchase…
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On Sept. 19, Hut 8 announced a major hosting agreement with Bitmain, aiming to generate $125 million annually. H.C. Wainwright analysts view this move positively as management shifts to offense and carries out a major deal. Under the deal, Hut…
BTC
Bitcoin
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Bitcoin miner Hut 8 is expanding its partnership with Bitmain to introduce a new ASIC miner with direct liquid-to-chip cooling, set to deploy in Q2 2025. Miami-headquartered crypto mining firm Hut 8 has expanded its partnership with Bitmain, announcing the…
BTC
Bitcoin
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Analysts at H.C. Wainwright & Co. believe that Hut 8 Mining’s stock is now valuable due to some of their strategic advances. Hut 8 Mining Corp. received a double upgrade in its rating from “Sell” to “Buy” by analysts at…
BTC
Bitcoin
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Texas is rapidly becoming a Bitcoin mining hub, butresidents of local towns are experiencing hearing issues, headaches, dizziness, and sleep disturbance. The conflict between the economic interests of Bitcoin (BTC) mining in Texas and the quality of life of its…
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Hut 8 said it has entered into a power purchase agreement for a site in West Texas with access to 205 megawatts. Bitcoin mining company Hut 8 is gearing up to expand its infrastructure platform significantly with the latest agreement…
BTC
Bitcoin
News
Despite Bitcoin’s strong start in early 2024, crypto mining stocks outperformed BTC after the halving, with Hut 8 and Bitfarms delivering the highest returns. The fourth Bitcoin halving event has brought significant shifts in the crypto mining landscape, impacting smaller…
BTC
Bitcoin
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Public Bitcoin miner Hut 8 disclosed its strategies for keeping up with other market participants during its first analyst day in nearly nine months.Â
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Bitcoin mining giant Hut 8 announced a $150 million strategic funding from Coatue to emerge as a “leader in the AI infrastructure market.” Miami-based Bitcoin mining firm Hut 8 announced on Monday it has raised $150 million to bolster its…
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Hut 8 CEO predicts a decline in Bitcoin mining bankruptcies due to changes in financing dynamics and increased merger and acquisition activity among smaller-scale miners. The Bitcoin market is unlikely to see another cascade of bankruptcies anytime soon, as the…
BTC
Bitcoin
News
Cryptocurrency miner Hut 8 Corp has published a report on its results over the past six months.
BTC
Bitcoin
News
According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the cryptocurrency's breaking an all-time high record after losing 64% of its value in 2022.
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Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada.
BTC
Bitcoin
News
Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million.
BTC
Bitcoin
News
Hut 8 Corp. counters an activist short-selling firm’s report, asserting the allegations as misleading and affirming its financial stability and operational integrity. Hut 8 Corp., a leading North American digital asset mining company, rebuffed allegations made by a short-selling firm…
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