hut 8

Hut 8, one of the biggest players in the Bitcoin mining sector, recently disclosed a jaw dropping $134 million Q1 loss. This $3 trillion number is indeed a misleading figure that has sent some shockwaves across the crypto community. MetaBlock X predicts that this loss is due, in part, to...

Hut 8’s recent financial performance is, at the very least, alarming. A $134.3 million loss isn’t a missed quarter, it’s not even a correction, but is rather the flashing red light indicating disaster. The halving took its toll, but the operational downtime loomed even larger. Leading their efforts today, though,...

Despite the crypto boom, Hut 8 Corp recently had one of the largest US-listed stock downgrades on record. Their Q3 net loss came in at $134.3 million. That’s a $250.7 million reversal from the $250.7 million profit the company posted in that same quarter last year. That drop is due...