Hut 8

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

With a pivot to providing high-performance computing, miners are finding new ways to broaden their revenue stream

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

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

Miners need to survive until the 2024 bitcoin halving, which historically creates a positive imbalance between bitcoin’s supply and demand, CoinShares says

Some Bitcoin mining companies might be going bankrupt, but others are hanging onto massive treasuries

Hut 8 could see its hashrate cut by 20% as a stoush with an energy supplier causes problems at its Ontario facility

Genesis powered yield platforms across the crypto industry

Hive exploring other coins to mine while Hut 8 ready to “pivot” ether-focused machines to offer AI and other services

Consistent with its “long term” balance sheet management strategy, the company has not sold any bitcoin since early 2021

Hut 8 has no intention of selling its bitcoins, though other miners are offloading the asset to cover operations and fund expansions

Company seeks to increase production in coming weeks and ultimately double power at new Ontario site

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

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

Companies expand footprints through acquisitions, partnerships.

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

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