BTC miner Hut 8 merges with US Bitcoin Corp. to weather brutal bear market
The two companies will now be subsidiaries under Hut 8 Corp., or New Hut, with USBTC benefiting from a strong balance sheet while Hut 8 accesses cheap power.
Latest Hut 8 News
BTC miner Hut 8 sues power supplier for breach of power purchase contract
Hut 8 is accusing Validus Power Corp. of failing to meet its contractual obligations for a power purchase agreement and is demanding monetary damages.
Canada gov’t urged to roll out welcome wagon for blockchain innovators
Michelle Rempel Garner, Member of Parliament for the riding of Calgary Nose Hill, recently introduced Bill C-249, ‘an Act respecting the encouragement of the growth of the cryptoasset sector.’
Enterprise Blockchain Processor, TAAL, becomes Hut 8’s Newest Hosting Services Partner
Hut 8 will provide physical hosting and optimization services and access to competitive electrical power for 960 newly-purchased digital hashing computers owned by TAAL.
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.
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.