Today news
About the same in other media
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
Reading now: 435
In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed its goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million.
During the quarter, Hut 8 generated 50.34 million Canadian dollars (CA$) in revenue and CA$23.37 million in net income, up from CA$5.75 million in revenue and a loss of CA$0.90 million in the prior year's quarter. The company hosts a sizable fleet of Application-Specific Integrated Circuit, or ASIC, machines used for Bitcoin mining. In addition, it deploys NVIDIA GPUs to mine Ethereum (ETH).
The company's total hash rate (Bitcoin and Ethereum mining combined), or the
Read more on cointelegraph.comAbout this in other media
Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares cointelegraph.com /2 years ago
A small restaurant chain in Canada is plowing all of its profits into bitcoin. Its returned 460% on its investment and is tripling locations during the pandemic markets.businessinsider.com /2 years ago
'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
