Hut 8 Mining Reveals Second Quarter Revenue As Almost Quadrupled.
2021-08-12 | Robin Williams
Canadian leading
cryptocurrency mining firm Hut 8 Mining revealed second-quarter revenue almost quadrupled to C$33.5 Mln [$27 Mln] from the year before.
Operating profit tripled to C$8.1 Mln [$6.5 Mln],
the firm revealed within an official announcement.
The firm predicted
that it'll mine as many as 22 bitcoins
each day within the fourth quarter as new machines are deployed, and forecast daily production of 14-16 bitcoins
each day within the third quarter,
consistent with a presentation on its
website.
By
the end of the year, it's estimated
that it'll have 144 MW of power available for mining which will also indeed grow 45% to 209 MW by the end-2022.
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