The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
Hut8 relocates 6,400 rigs, sees growth in AI & high performance computing
Bitcoin mining firm Hut8 continues to relocate miners from idle North Bay site as demand for AI and high power computing drives new demand.
100%: Public Bitcoin miners sold almost everything they mined in 2022
Publicly listed Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again.
Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021
One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%.
Another Bitcoin Mining Firm Warns COVID-19 Pandemic May Harm Its Business
Hut 8, one of the few publicly traded crypto mining firms, is concerned about coronavirus-related delays of new machine deliveries, its CEO said.