Hut 8’s Q2 Loss Widens to $69M, Continues to ‘Hodl’ Bitcoin

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Hut 8’s mining profit, however, fell by more than half to C$14.9 million from the first quarter because of higher power costs and the decline in the price of bitcoin, the company said. The miner’s cost of mining each bitcoin rose 44% to C$25,900, which was about the same as it was in the second quarter of last year.



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