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Hut 8 Reports Decline in Q2 Revenue amid Low Mining Output

Hut 8 Reports Decline in Q2 Revenue amid Low Mining Output
The Canadian-based Bitcoin mining firm Hut 8 has released its financial results for the second quarter of 2023, revealing a decline in revenue and low mining output. The decline in performance was reportedly due to multiple factors, including suspended operations at specific facilities and issues with the supply of electricity.Hut 8's revenue decreased by USD $25 million to USD $19 million during the quarter ended June 30. This compares to USD $44 million reported during the corresponding period... Read More
Posted: Aug 14 2023, 18:01
Author Name: financemagnates
Views: 110842

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