Hut 8 Reports $134M Loss But Expands Bitcoin Hashrate by 79% in Q1 2025

Bitcoin miner Hut 8 increased its hashrate by 79% in the first quarter of 2025. The company reported a $134.3 million net loss in its May 8 earnings release. Revenue for the quarter stood at $21.8 million. CEO Asher Genoot said the loss was due to large-scale investments. “The first quarter was a deliberate and […]

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