Hut 8

There are a total of 17 articles associated with Hut 8.

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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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Hut 8 produced 147 BTC in May and sold 179 BTC for $6.8 million

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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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Genesis powered yield platforms across the crypto industry

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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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Company executive details efforts to build out business beyond mining following acquisition and partnership

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Protego Trust adds crypto CEO to board as it gets set to become a federally chartered national bank

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Companies expand footprints through acquisitions, partnerships.

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Colorado-based company produced 406 BTC in September, bringing the total it holds to 3,534

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Marathon borrows against its holdings to secure $100 million revolving line of credit from Silvergate Bank.

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