Hut 8 | ForkLog

ForkLog 141 04.03.2026

Falling revenues push bitcoin miners to swap crypto treasuries for AI infrastructure

Publicly listed miners are selling crypto reserves en masse and ploughing the proceeds into AI infrastructure.

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ForkLog 29 12.05.2025

American Bitcoin, Linked to Trumps, to List on Nasdaq

Hut 8’s subsidiary, American Bitcoin, is set to go public through a merger with Nasdaq-listed mining firm Gryphon Digital Mining. A new chapter begins. Read the full release for important information: https://t.co/wAjHvV7kUD pic.twitter.com/hHrgGbCRsh — American Bitcoin (@AmericanBTC) May 12, 2025 The share exchange deal is expected to close in the third quarter of 2025, pending […]

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ForkLog 17 02.04.2025

Trump-Linked Mining Firm to Go Public

The mining company American Bitcoin plans to go public and attract additional private capital before its stock market debut, according to Bloomberg. On March 31, Hut 8 announced the creation of a subsidiary focused on bitcoin mining. Previously, the firm acquired an 80% stake in American Data Centers, in exchange for nearly its entire fleet […]

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ForkLog 20 31.03.2025

Hut 8 Partners with Eric Trump to Launch American Bitcoin

Hut 8 announced the creation of a subsidiary, American Bitcoin, focusing exclusively on Bitcoin mining and developing a cryptocurrency reserve. Previously, Hut 8 acquired a controlling stake in American Data Centers, backed by a group of investors led by Eric Trump and Donald Trump Jr., in exchange for a fleet of mining rigs. As part […]

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ForkLog 7 19.12.2024

MARA Expands Bitcoin Reserves to $4.45 Billion, Hut 8 Reaches $1 Billion

The mining company MARA Holdings has acquired an additional 15,574 BTC for a total of $1.53 billion at an average price of approximately $98,529 per coin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion […]

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ForkLog 18 05.12.2024

Hut 8 to Raise $500 Million to Boost Bitcoin Reserves

The mining firm Hut 8 has entered into an agreement to sell common shares at market price, with the offering amounting to $500 million. Hut 8 today announced a $500 million ATM program and a $250 million stock repurchase program. Read the full release here: https://t.co/AbpSre2Hql — Hut 8 (@Hut8Corp) December 4, 2024 According to […]

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ForkLog 33 27.09.2024

Hut 8 Leases GPU Power for AI Computing

The mining company Hut 8 has begun generating revenue by leasing its graphics processors to AI firms, according to The Block. The new service, dubbed GPU-as-a-service, offers clients the computational power required for high-performance tasks such as artificial intelligence operations. Hut 8 has partnered with Hewlett Packard Enterprise and AdvizeX to develop and launch a […]

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ForkLog 21 19.09.2024

Hut 8 Unveils Cutting-Edge ASIC Miner for Bitcoin Extraction

The publicly traded company Hut 8 has introduced a next-generation miner, developed in collaboration with Bitmain, known as the U3S21EXPH.

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ForkLog 21 15.09.2024

Bitcoin Mining Output Declines in August, Miners Report

In early September, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. MARA In August, MARA (formerly Marathon Digital) produced 673 BTC. Compared to July, this figure decreased by 3%. Data: MARA. According to the press release, the activated hash rate increased to 35.2 EH/s, which is […]

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ForkLog 31 18.08.2024

Bitcoin Mining Recovery in July: Miners Report Increased Production

In early August, mining companies disclosed their operational results for the previous month. ForkLog compiled the key metrics in one report. MARA In July, MARA (formerly Marathon Digital) produced 692 BTC — a 41% decrease compared to the same period last year. However, this was a 17% increase from June. Source: MARA. According to the […]

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ForkLog 13 14.07.2024

Bitcoin Mining Recovery Eludes Miners in June

In early July, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In June, Marathon Digital Holdings produced 590 BTC — a 40% decrease compared to the same period last year. Compared to May, the figure dropped by 4%. Data: Marathon Digital Holdings. According […]

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ForkLog 47 09.07.2024

Hut 8 to Expand Bitcoin Mining Capacity to 1.3 GW

Mining firm Hut 8 has finalized an agreement to purchase electricity for a site in Texas, granting immediate access to land and a capacity of 205 MW. Hut 8 has executed definitive agreements for a 205 MW greenfield site in West Texas, expanding our energy infrastructure platform to approximately 1.3 gigawatts. This transaction marks several […]

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