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Hut 8 (HUT) First-Quarter Revenue Drops 64% as BTC Mining Difficulties Bite

May 11, 2023
in Bitcoin
Reading Time: 1 min read
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Whereas the crypto mining trade is staring to emerge from a brutal crypto winter that noticed main names like Compute North and Core Scientific (CORZ) file for chapter 11 chapter safety, Hut 8 needed to flip off about 8,000 machines in its Ontario facility on account of a dispute with its vitality supplier in mid-November. Since then, it has managed to carry solely about 1,000 again on-line.

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