Hut 8
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The high-performance computing market is big enough for multiple bitcoin miners to win there, Hut 8 CEO says
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Research analyst Mark Palmer starts coverage of the bitcoin miner and puts its price target 50% higher than its current level
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CEO Asher Genoot said Hut 8 is looking at ways to boost its presence in the high-performance computing and AI realms
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A few months after Hut 8’s merge with US Bitcoin Corp, the combined company’s new chief executive says building back shareholder trust is a key focus
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The market is grappling with the impact of BTC price and hash rate on miner profitability about a month before the bitcoin halving, analyst says
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Core Scientific said the possible revenue from its multi-year deal with cloud provider CoreWeave exceeds $100 million
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Fresh off merging with US Bitcoin Corp, the company’s chief executive now tasked with “hard decisions to divest, invest and grow our assets”
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Former US Bitcoin Corp president is set to replace Jaime Leverton, who was Hut 8’s chief executive since December 2020
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The company is set to pay roughly $13.6 million to its competitor for terminating Hut 8’s property management agreement at the properties
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Merger is set to allow the combined business to “flex between our different lines of business,” Hut 8 CEO says
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As Marathon Digital has aggressively grown, the deployed hash rates of Iris Energy and Cipher Mining have also more than doubled in the last six months
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With a pivot to providing high-performance computing, miners are finding new ways to broaden their revenue stream
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Crypto miners like Hut 8 and Hive Blockchain are diversifying into non-mining services and focusing on high performance data centers for AI and computing needs
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Miners need to survive until the 2024 bitcoin halving, which historically creates a positive imbalance between bitcoin’s supply and demand, CoinShares says
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Some Bitcoin mining companies might be going bankrupt, but others are hanging onto massive treasuries
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Hut 8 could see its hashrate cut by 20% as a stoush with an energy supplier causes problems at its Ontario facility
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Hive exploring other coins to mine while Hut 8 ready to “pivot” ether-focused machines to offer AI and other services
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Consistent with its “long term” balance sheet management strategy, the company has not sold any bitcoin since early 2021
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Hut 8 has no intention of selling its bitcoins, though other miners are offloading the asset to cover operations and fund expansions
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Company seeks to increase production in coming weeks and ultimately double power at new Ontario site
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