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Hut 8 also said it has completed the deployment of its high-performance Nvidia chips at Hut 8′s site in Medicine Hat, Alberta, which is generating roughly 1.8–2.0 additional bitcoins per day. The miner is currently generating a total of 8.8 bitcoins per day. Source
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Hut 8′s third quarter revenue was C$50.3 million ($40 million), rising about 767% from last year and beating the average analyst estimate of C$43.7 million ($34.8 million).The Canadian cryptocurrency miner also reported adjusted earnings of C$0.15 ($0.12) per share for the third quarter, beating the average analyst estimate of C$0.13
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Canadian crypto miner Hut 8 Mining (Nasdaq: HUT) has bought 12,000 new MicroBT M30S, M30S+ and M30S++ miners from Inchigle Technology Hong Kong Ltd.The miner bought the units for $58.7 million, a cost of around $50/Terahash, with aggregate incremental production of 1.17 exahash per second.Delivery is expected to start in
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MicroStrategy Inc., often seen as a proxy for bitcoin, climbed 4.3%, while crypto exchange Coinbase Global, Inc. gained 3% and Robinhood Markets, Inc., where many users trade crypto, rose 2.8%. The wider S&P 500 index and the Nasdaq composite were also in the green on Tuesday. Source
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The new machines will add 475 PH/s to Hut 8's hash power. Source
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Bitcoin mining hardware manufacturer Bitfury has filed to sell its remaining 38% stake in Toronto Stock Exchange-listed mining company Hut 8.The Amsterdam-based manufacturer filed a notice of intention to distribute securities on Dec. 3 for the sale of 37,226,958 shares of Hut 8. At current prices, the stake is worth
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The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer. Source
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Toronto-based Hut 8 reported C$5.3 million (US$4 million) in Q3 mining revenue Thursday, down 43% from the previous quarter, but the bitcoin mining firm reaffirmed its plans to expand its hash power as the price of the cryptocurrency continues to rise. Source
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Interim CEO Jimmy Vaiopoulos will return to his role as CFO. Source
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The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin.In May 2017, news.Cryptox.trade reported on Fidelity integrating with Coinbase,
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