Hut 8 seeks to raise close to $400M in latest offering
Per Hut 8’s short-form prospectus, the proposed offering would occur during the 25-month span in which the prospectus remains effective.
Latest Hut 8 News
Hut 8 reports 87% rise in net income as it diversifies mining portfolio
Despite nearly doubling its net income, the company saw its total revenue drop from $82 million in 2019 to $40.7 million in 2020 due to the drop on BTC halving and the COVID-19 pandemic.
Mining firm Hut 8 announces preliminary filings ahead of CAD$500M issue
When finalized, the filings will allow Hut 8 to make available securities and other instruments up to the value of CAD$500 million over a 25-month period.
Hut 8 completes $11.8M financing for new ASIC mining rigs
The Canada-based block reward miner will use the funds to provide a US$2.9 million deposit to purchase 5,400 new Whatsminer M30S ASIC mining machines from MicroBT.
Hut 8 revenue dips in latest 2020 earnings reports
The earnings report shows the firm generated revenue of US$4.3 million in Q3, down significantly from C$26.7 million during the same period last year.
Block reward miner Hut 8 reports less than stellar Q2 2020 earnings
BTC's failure to "moon" as some had fervently predicted is causing a bit of heartburn over at Canada-based Hut 8 Mining Corp.
Fidelity holds bigger stake in Hut 8 than previously known
Fidelity disclosed it had purchased slightly over 4.1 million "units" of Hut 8 during the overnight market offering on June 23, 2020.
Hut 8 announces closing of public offering
The company recently closed its previously declared underwritten public offering through a syndicate of underwriters.
Bitcoin Halving 2020: Publicly traded mining operations very vulnerable
Ed Drake takes a look at what will happen to the publicly traded digital transaction processing companies post BTC halving.
BTC processors restructuring because of COVID-19
Digital currency processing firms are under financial pressure three months into 2020 amid the impact of the COVID-19 pandemic.
Hut 8 reports increased revenue in 2019
The surge in earning results are primarily because of two major operational expansions that increased petahash capacity by 19.6%.
Hut 8 begins to make changes after acquiring Bitfury assets
The crypto mining company is shifting top positions as it looks to increase its market share.