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Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum
16.5.2024
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
8.5.2024
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were previously hosted at the Kearney and Granbury sites....
Hut 8’s Post-Merger Future Appears Promising with $12 Price Target: Benchmark
23.4.2024
Following the merger with US Bitcoin Corporation (USBTC) last November, Hut 8 (HUT) has emerged as a robust entity with a diversified business model, boasting multiple revenue streams.
The post Hut 8’s Post-Merger Future Appears Promising with $12 Price Target: Benchmark appeared first...
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
22.4.2024
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Hut 8 Cuts Mining Costs By 30% At New Salt Creek Facility
16.4.2024
Hut 8 has quickly kickstarted its new Texas facility after relocating its mining machines from other sites.
The post Hut 8 Cuts Mining Costs By 30% At New Salt Creek Facility appeared first on Cryptonews
Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
5.4.2024
The broker cut its price target to $14 from $17.50 while maintaining its buy rating
Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
4.4.2024
Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting...
Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash
7.3.2024
A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024.
The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...
Hut 8 Closes Bitcoin Mining Facility Due to Power Disruptions and Rising Energy Costs
7.3.2024
Hut 8, a Bitcoin mining company, has announced the closure of its mining site in Drumheller, Alberta, Canada, citing power disruptions and rising energy costs as significant factors.
The post Hut 8 Closes Bitcoin Mining Facility Due to Power Disruptions and Rising Energy Costs appeared first...
Crypto Stocks Rise as Bitcoin Plows Through $59K for First Time Since 2021
28.2.2024
Gains among exchange-traded funds were led by BlackRock's IBIT
Hut 8 Unveils BTC-Funded 62 MW Texas Facility for Mining Efficiency Boost
27.2.2024
On Tuesday, the publicly-listed bitcoin mining company Hut 8 revealed it has initiated construction of its new mining facility in Culberson County, Texas, with plans to have it operational by the second quarter. Hut 8 further unveiled a new treasury strategy that utilizes its bitcoin holdings...
Bitcoin Miner Hut 8 CEO Departs Amid Pump and Dump Allegations
8.2.2024
The CEO of Bitcoin miner Hut 8 has departed the role weeks after JCapital accused the company of colluding with partners and warnings over a possible pump-and-dump scheme. In a Feb 7 press release, the company disclosed a change in leadership, announcing Asher Genoot as the new Chief Executive...
Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report
7.2.2024
Former CEO Jamie Leverton is succeeded by president Asher Genoot
Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million
2.2.2024
Marathon Digital will acquire two of Hut 8’s Bitcoin mining sites for $13.5 million under an agreement announced February 2 in a press release. Marathon Digital Buys Out Site Management Rights Top Bitcoin mining firm Hut 8 said in the release that it’s relinquishing Bitcoin mining sites...
Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors
1.2.2024
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed...
Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors
1.2.2024
Celsius Network has emerged from bankruptcy and is planning to pay over $3 billion of cryptocurrency and fiat to its creditors. Part of the bankruptcy plan will include the creation of a new Bitcoin mining company named “Ionic Digital” which will be fully owned by Celsius’ creditors. Hut 8 Corp....
Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
24.1.2024
The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18
Hut 8 Responds to Short Seller Report Accusing Bitcoin Miner of Malpractice
21.1.2024
Bitcoin miner Hut 8 has expressed confidence in its latest partnership with USBTC following a controversial report released by JCapital Research warning investors of possible risks. In a brief response on Jan 19, the company stated that it had read the report and would provide all necessary updates...
Bitcoin Miner Hut 8 Accused of a Pump and Dump Scheme, HUT Shares Plummet
19.1.2024
Bitcoin miner Hut 8 has been accused of hiding stock ownership in a perceived pump-and-dump scheme. The accusation comes from an unconfirmed report by JCapital Research. In a Jan 18 release, the firm leveled accusations against the Bitcoin miner stemming from its recent partnership with US Bitcoin...