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Hut 8 Bitcoin Holdings Now Over $1 Billion With Latest Buy

[Dec 20 4:00 AM] Major North American Bitcoin (BTC) mining company Hut 8 has further expanded its BTC holdings with a $100 million acquisition. This latest purchase has pushed the company’s total reserves to over 10,096 BTC, valued at more than $1 billion at…

Hut 8 surpasses $1B in Bitcoin holdings after $100M acquisition

[Dec 19 12:46 PM] Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates.

Hut 8 Unveils $750 Million Initiative To Establish Strategic Bitcoin Reserve

[Dec 5 11:30 AM] Hut 8, one of the largest Bitcoin mining companies globally, has announced a significant strategic move aimed at creating a strategic Bitcoin reserve. The initiative, totaling $750 million includes a $500 million at-the-market (ATM) program and a…

Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset

[Dec 5 4:28 AM] Hut 8 stock surged almost 8% following the announcement of a stock repurchase program.

Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit

[Dec 4 5:05 AM] Hut 8 argued that a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner.

A Deep Dive into Bitcoin Mining Veteran Hut 8

[Dec 1 7:30 AM] A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive…

Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners

[Nov 7 12:40 AM] Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.

Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst

[Oct 29 1:12 AM] Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.

Bitcoin miners show mixed performance in September amid market volatility

[Oct 7 9:44 AM] While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency.

Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion

[Oct 1 8:18 PM] Anchorage Digital converted the debt into common stock at a 51% premium.

Hut 8 Launches GPU-as-a-Service Vertical, Deploys 1,000 Nvidia GPUs

[Sep 26 9:21 PM] Hut 8 Corp. has officially launched its GPU-as-a-service vertical, marking a significant step in the company’s diversification efforts. The deployment includes 1,000 Nvidia H100 graphics processing units (GPUs), hosted in a Chicago-based…

Hut 8 launches GPU-as-a-service program for AI developers

[Sep 26 4:42 PM] The cryptocurrency mining company now has 1,000 Nvidia GPUs available.

Hut 8 and BITMAIN To Launch Next-Generation ASIC Bitcoin Miner with Liquid-to-Chip Cooling

[Sep 19 8:26 PM] Hut 8 Corp. (Nasdaq | TSX: HUT), a leading Bitcoin mining company, has expanded its partnership with BITMAIN Technologies Ltd., the world’s largest producer of Bitcoin mining servers, to launch the U3S21EXPH, a next-generation ASIC miner. This…

860 Terahash — Hut 8 and Bitmain Partner to Launch New Direct Liquid-to-Chip ASIC Miner

[Sep 19 5:17 PM] Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to…

Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo

[Sep 2 5:44 PM] Mining revenues hit 12-month lows in August, according to Bitbo.

Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright

[Aug 14 2:28 PM] The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.

Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas

[Jul 9 12:32 PM] Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development…

Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

[Jun 24 9:29 AM] The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.

Bitcoin miner Hut 8 lands $150M investment amid AI boom

[Jun 24 7:22 AM] Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing.

Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark

[Apr 22 8:07 AM] 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.

Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

[Apr 12 12:14 PM] As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows…

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord

[Apr 5 2:12 AM] 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 

[Apr 4 11:40 AM] 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…

Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’, What It Means

[Mar 5 11:00 AM] In a series of statements made on X (formerly Twitter), Marc van der Chijs, the CEO of the publicly traded Bitcoin mining firm Hut 8, shared an optimistic outlook on the future of Bitcoin, suggesting that the cryptocurrency may be on the brink of a…

Crypto Stocks Rise as Bitcoin Plows Through $59K for First Time Since 2021

[Feb 28 6:59 AM] Gains among exchange-traded funds were led by BlackRock's IBIT.

Hut 8 Unveils BTC-Funded 62 MW Texas Facility for Mining Efficiency Boost

[Feb 27 3:05 PM] 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…

Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report

[Feb 7 10:30 AM] Former CEO Jamie Leverton is succeeded by president Asher Genoot.

Bitcoin Miner Hut 8 Hits Out at Short-Selling Report

[Jan 24 7:33 AM] The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18.

Riot Platforms buys $291M in BTC rigs as miners rake it in from Ordinals

[Dec 4, 2023 10:25 PM] It adds to a prior agreement in which Riot bought 33,280 miners from MicroBT. The term sheet was also updated, allowing Riot to buy another 265,000 miners in the future.

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps

[Nov 14, 2023 9:22 AM] The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.