Newslink: Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million

in #newslink • 5 years ago

Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million.

https://news.bitcoin.com/canadian-bitcoin-miner-hut-8-reports-q3-loss-of-8-7-million/

#bitcoin #cryptocurrency #mining #hut8
5 years ago in #newslink by
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