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Hut 8
Bitcoin Miners Expand Holdings: Hut 8's Reserve Tops $1 Billion
- The company purchased approximately 990 Bitcoin at an average price of $101,710 per coin.
- The reserve will reportedly be used to fund growth initiatives such as upgrading mining equipment.
Thursday, 19/12/2024 | 12:49 GMT by
Jared Kirui
Wall Street Bitcoin Miner Hut 8 Launches $500M ATM and $250M Stock Repurchase
- The firm filed a shelf registration statement with the SEC for US and Canadian compliance.
- The company reported $43.7 million in Q3 revenue and a net income of $0.9 million.
Wednesday, 04/12/2024 | 15:11 GMT by
Tareq Sikder
Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
- The firm’s new miners aim to raise its hashrate to 9.3 EH/s, boosting energy efficiency by 37%.
- The company’s cryptocurrency mining upgrade will improve power efficiency to 19.9 J/TH.
Wednesday, 06/11/2024 | 12:52 GMT by
Tareq Sikder
Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins
- Initiating coverage with a buy rating, the firm sees shares rise 5.2% to $8.47.
- The firm holds the second-largest reserve of bitcoins among listed miners, totaling 9,102 as of March 31.
Monday, 22/04/2024 | 14:57 GMT by
Tareq Sikder
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
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