2 / 2 Relevant items tagged with #Hut8
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Hut 8 receives green light from Canadian Supreme Court for USBTC merger
[Sep 18, 2023 6:37 AM] The Supreme Court of British Columbia has given Hut 8 final clearance to complete a proposed merger with USBTC.
Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing
[Jul 3, 2023 2:58 AM] Bitcoin mining firm Hut8 continues to relocate miners from its idle North Bay site, with increasing demand for AI and high-power computing.
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
[Jun 26, 2023 9:13 AM] The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
[May 25, 2023 6:57 PM] The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.
U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs
[May 18, 2023 3:44 AM] The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet.
Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena
[May 11, 2023 11:39 AM] Thursday's reported first-quarter earnings from miners were a mixed bag.
Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite
[May 11, 2023 6:03 AM] The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November.
Hut 8's Alberta Bitcoin Mine Running at 15% Installed Hashrate Due to Electrical Issues
[May 9, 2023 5:28 AM] The firm has been facing operational issues as it tries to complete a merger with U.S. Bitcoin Corp.
Bitcoin Miner Stocks Continue Torrid Run as $30K Level Holds
[Apr 13, 2023 1:26 PM] Fresh economic data Thursday morning suggested slowing in both inflation and jobs growth.
Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Point Since June 2022
[Apr 10, 2023 1:37 PM] The bitcoin miners are posting the largest percentage gains on Monday.
U.S. Bitcoin Corp. Expected to Settle With City to Resume Mining in Niagara Falls
[Apr 5, 2023 9:16 AM] The firm is currently trying to complete a merger with Canadian Hut 8 Mining.
Public Miners Are Outperforming Bitcoin
[Feb 22, 2023 9:45 AM] Even with the recent rise in the bitcoin price, public bitcoin mining stocks start the year with more impressive gains than the asset itself.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets…
Hut 8 CEO weighs in on the bull and bear markets from a mining perspective
[Feb 21, 2023 4:51 AM] Jaime Leverton has led digital asset mining player Hut 8 over the past two years, wading through the waters of the bull market of 2021 and the bear market of 2022.
Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO
[Feb 8, 2023 11:00 PM] Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter.
Bitcoin Mining Firms Hut 8 and US Bitcoin Corp. Announce Merger
[Feb 7, 2023 12:41 PM] The merged company will have access to 825 MW energy, including infrastructure operations with renewable and zero-emission energy sources.Bitcoin miner Hut 8 has agreed to a merger with US Bitcoin Corp. Both firms will become wholly owned…
Crypto mining firms Hut 8 and US Bitcoin plan merger
[Feb 7, 2023 10:15 AM] The merger, which will create the company 'New Hut', is still subject to court and regulatory approval by U.S. and Canadian authorities.
Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
[Jan 26, 2023 11:01 PM] The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.
Hut 8’s Ontario Bitcoin Mining Operation Halted Amidst Power Disputes
[Jan 9, 2023 4:06 PM] The mining company confirmed the operation is still shuttered after contractual disagreements with their power provider, Validus Power.Hut 8’s bitcoin mining operation in North Bay, Ontario has come to a standstill after a set of disagreements with…
100%: Public Bitcoin miners sold almost everything they mined in 2022
[Dec 27, 2022 8:38 PM] Publicly listed Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again.
Public Bitcoin Miners Fight For Survival
[Dec 11, 2022 10:00 PM] Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…