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Crypto currency Mining / Re: HUT 8 Mining company
« on: May 19, 2024, 09:07:08 PM »
Hut 8, a North American bitcoin mining company, announced results for the first quarter of 2024. The highlights are as follows:
— As of March 31, 2024, Hut 8 mining company operated a total energy capacity of 884 MW distributed across six locations in North America;
— Has approximately 54,500 mining machines with a total processing power of approximately 5.5 EH/s;
— Revenue for the first quarter increased from $15.6 million to $51.7 million, an increase of $36.1 million;
— Net income increased by US $233.5 million to US$250.9 million;
— Adjusted EBITDA increased $285.8 million to $297.0 million from $11.1 million, an increase of $285.8 million;
— 716 BTC were mined in the first quarter with a total balance of 9,102 BTC mined independently with a market value of approximately US$648.9 million.
— As of March 31, 2024, Hut 8 mining company operated a total energy capacity of 884 MW distributed across six locations in North America;
— Has approximately 54,500 mining machines with a total processing power of approximately 5.5 EH/s;
— Revenue for the first quarter increased from $15.6 million to $51.7 million, an increase of $36.1 million;
— Net income increased by US $233.5 million to US$250.9 million;
— Adjusted EBITDA increased $285.8 million to $297.0 million from $11.1 million, an increase of $285.8 million;
— 716 BTC were mined in the first quarter with a total balance of 9,102 BTC mined independently with a market value of approximately US$648.9 million.