The Latest Breaking News from HUT

Hut 8 Mining Corp (NASDAQ:HUT) (TSX:HUT) reported first-quarter FY22 revenue growth of 67% year-on-year to C$53.3 million. EPS was C$0.31. Hut 8 currently has an installed hash rate of 2.54 EH/s, up 27% from December 31. As of March 31, Hut 8 had a total Bitcoin balance of 6,460 with a market…

Since the beginning of the year, crypto-related stocks have been negatively impacted by volatility in cryptocurrencies due to expected interest rate increases. However, the market seems to have stabilized. Also, with President Biden signing an executive order to study the risks and scope of cryptocurrencies, it could be wise now…

Digital asset miner Hut 8 Mining Corp (NASDAQ:HUT) reported fourth-quarter FY21 revenue growth of 346% year-on-year to C$57.9 million. EPS loss was C$(0.67). Hut 8 currently has an installed hash rate of 2.0 EH/s, including the converted hash rate from its fleet of NVIDIA GPUs. As of December 31, Hut 8 had a total…

Cryptocurrencies dipped over the past week, with Bitcoin and Ethereum prices down significantly. Furthermore, the possibility the sector’s regulations will be tightened makes the industry’s near-term prospects uncertain. Also, the global semiconductor shortage could slow down the crypto mining industry. Hence, we think this might not be the right time…