Hut 8 Mining Corp.
HUT
$1.9
0.07
+3.83%
Hut 8 Mining Corp.
Hut 8 Mining Corp.
HUT
$1.9
0.07
+3.83%
Company Description
Hut 8 is a Bitcoin mining company in Canada. Hut 8 used to have an exclusive relationship with Bitfury for equipment in Canada but in 2020 renegotiated the agreement, lowering their operating costs, and giving them autonomy to purchase from other manufacturers. Hut 8 runs Bitfury BlockBoxes and Whatsminer equipment representing 107 MW of operating capacity in Drumheller and Medicine Hat, Alberta. They have historically partnered with Genesis Global Capital for debt funding. Hut 8 uses smart response systems to turn off low-efficiency machines during times of lower mining profitability. In Jan-2018 the company became public on the Toronto Stock Exchange through a reverse merger.
Overview
Sector
Technology Services
CEO
Jaime Leverton
Business Line
Prop Mining
Headquarters
Canada
Forex
USD
Exchange
NASDAQ
Hut 8 Mining Corp.HUT
Hut 8’s Revenue Tumbles 46% amid Bitcoin’s Rising Challenges
11/15/2023
Hut 8 Mining Corp.HUT
Hut 8 Mining Corp. (HUT) Q3 2023 Earnings Call Transcript
11/14/2023
Hut 8 Mining Corp.HUT
Hut 8 Mining reports sharp Q3 revenue drop amid challenges
11/14/2023