Hut 8 | ForkLog

ForkLog 18 05.12.2022

Hut 8 Mining Raises Reserves to 8,925 BTC

In November, the Canadian mining company Hut 8 Mining mined 238 BTC. Under its strategy, all generated cryptocurrency was added to reserves, bringing the total to 8,925 BTC.

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ForkLog 6 04.10.2022

Hut 8 Mining trims Bitcoin production in September

In September, Hut 8 Mining mined 277 BTC against 375 BTC in August. By the end of the month the Canadian mining company had accumulated 8,388 BTC ($168.5 million at current rate).

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ForkLog 8 07.09.2022

Hut 8 Mining’s reserves exceed 8,100 BTC

As of August 2022, the Canadian mining company Hut 8 Mining accumulated 8,111 BTC ($152.7m at the current rate).

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ForkLog 8 11.08.2022

Hut 8 reports $69m loss for Q2

For the second-quarter results, the Canadian mining company Hut 8 posted a loss of $69.2 million versus $55.7 million in net profit in January–March.

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ForkLog 18 07.08.2022

Hut 8’s mining reserves top 7,736 BTC

For July 2022, Hut 8 Mining accumulated 7,736 BTC (about $178 million at the rate at the time of writing).

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ForkLog 11 06.07.2022

Hut 8 Mining’s reserves exceed 7,406 BTC

For June 2022, the Canadian mining company Hut 8 Mining amassed 7,406 BTC ($148.1 million at the current rate). The press release states.

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ForkLog 8 12.05.2022

Canadian Hut 8 Mining mines 942 BTC in the quarter and boosts hash rate by 27%

In the first quarter of 2022, the Canadian mining company Hut 8 Mining posted revenues of CAD 53.3 million (~$40.9 million). The 942 BTC mined during the period contributed CAD 49.3 million (~$37.8 million) to the total.

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ForkLog 11 19.04.2022

Hut 8 to acquire 960 MicroBT miners from TAAL

Canadian mining company Hut 8 Mining signed an agreement with TAAL for hosting and acquiring 960 Whatsminer M31S+ miners from MicroBT, according to a press release.

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ForkLog 14 18.03.2022

In 2021, the Canadian publicly listed Hut 8 Mining mined 2,786 BTC and boosted revenue by 327%

In 2021, the revenue of the Canadian publicly listed Hut 8 Mining reached a record CAD 173.8 million (~$137.7 million). This was up 327% from the previous year.

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ForkLog 9 12.11.2021

Hut 8’s mining reserves exceed 5,000 BTC

For the third quarter, the Canadian mining company Hut 8 accumulated 5,053 BTC (~$325 million). Previously the firm planned to reach above 5,000 BTC only by the end of 2021.

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ForkLog 18 01.07.2021

Hut 8 buys MicroBT miners for more than $44 million

Nasdaq-listed mining company Hut 8 Mining announced the purchase of 11,090 MicroBT miners from Hong Kong-based SuperAcme Technology.

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ForkLog 16 28.06.2021

Hut 8 forecasts fivefold growth in its own hashrate

The hashrate of Hut 8 Mining, listed on Nasdaq, is forecast to rise by year-end from the current 1.2 EH/s to 2.5-3 EH/s, and by mid-2022 to 6 EH/s. Such estimates are laid out in the mining company's updated production plan.

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