Hut 8 Bolsters Bitcoin Portfolio with $100 Million Purchase
Hut 8 plans to leverage its Bitcoin reserves to fund large-scale growth initiatives in power and digital infrastructure.
Hut 8 Eyes $500M Raise: Set to Buy Bitcoin as a Strategic Reserve Asset
Bitcoin miner Hut 8 confirmed a $500 million raise to purchase BTC and up to $250 million share repurchase.
Crypto Mining Stocks Rally in Pre-Market Following Donald Trump Victory
Following Donald Trump’s decisive election, crypto mining stocks like Marathon Digital, Riot Blockchain, and Hut 8 Corp experienced pre-market rallies.
Crypto Stocks Rebound Strong after Initial Dip Following Trump-Harris Debate
Earlier on September 11, publicly traded crypto and Bitcoin mining firms saw their share price drop in reaction to the first Presidential debate between Kamala Harris and Donald Trump.
Bitcoin Miners Become Key Partners in Building AI Data Centers, Says Bernstein
By Bena Ilyas
Analysts says Bitcoin data centers are perfect for retrofitting due to their high power density racks, cooling infrastructure, and general data center operating capabilities.
Hut 8 Strikes 205 MW Power Deal in Texas: Details
The agreement comes at a time when Bitcoin miners’ revenue has dropped significantly since the halving in April.
Crypto Stocks Tumble in Premarket as Bitcoin Continues to Slide
By Leon Okwatch
The decline in Bitcoin followed the movement of a substantial amount of BTC by Mt. Gox, the once-dominant crypto exchange.
Crypto Stocks in Green as Bitcoin Flirts Around ATH
The upcoming Bitcoin halving 2024 scheduled for a later date this month is said to have injected substantial investments into the market, supporting overall sentiment
Bitcoin Supply Shortage Scare Deepens amid US Bank’s Demand
This surge in direct demand from financial institutions on the miners has created a spike in the volume of shortage of Bitcoin on centralized exchanges.
Celsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO
By acquiring all of Celsius mining equipment and infrastructure, Ionic Digital believes it can quickly reach its goal of total mining power of 12.7 exahash per second (EH/s) later this year.
Bitcoin Miner Hut 8 Agrees to Build New Site for Celsius Creditors
The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.
Hut 8 Mining and US Bitcoin Corp Clear Major Hurdle to Their Merger
The new company will have a greater mining capacity than Hut 8. It will also have a more diverse revenue stream than its constituents.
Hut 8 Mining Corp Announces Disappointing Q2 2023 Earnings Results, HUT Shares Drop Over 4%
Hut 8 Mining reported a revenue of about $19.2 million in Q2, a significant decline from $43.8 million recorded in the same period last year, mainly caused by increased mining difficulty.
Hut 8 & US Bitcoin Plan Merger to Leverage Resources in Failing Crypto Space
By Tolu Ajiboye
Canadian crypto miner Hut 8 and its US rival US Bitcoin are working on a mutually beneficial merger to float a new company.
Crypto Linked Stocks Rally as Fed Announces Another Interest Rate Hike
According to Federal Reserve chairman Jerome Powell, the rate hikes were necessary to ease inflation.