Hut 8 Mining Corp. announces that it is the first TSX listed issuer to complete the TSX Sandbox program. This comes at the one year anniversary when Hut 8 was also the first issuer to be listed to the TSX via the TSX Sandbox. Although Hut 8 has been trading as a TSX listed company for the past year, completing the TSX Sandbox program solidifies its [...]
Hut 8 Mining Corp. announces that they've received the planned 1,000 M31S and 1,000 M31S+ machines on-site at its Medicine Hat facility, most of which are already operating. This equipment will collectively have an output of 154 PH/s using approximately 6.7MW of power. The remainder of the bitcoin equipment purchase, which consists of 1,590 M30S [...]
Hut 8 Mining Corp. announces that the site management of the Drumheller facility operations has been transferred from the Bitfury Group to Hut 8 effective August 28, 2020 saving Hut 8 over $1 million per year. This is in addition to the transfer of the site management of the Medicine Hat facility previously announced effective August 1, 2020 [...]
Hut 8 Mining Corp. today announces its financial results for the second quarter ending June 30, 2020. Hut 8 reports all amounts in Canadian Dollars unless otherwise stated. Q2-2020 Highlights Quarterly revenue of $9.2 million from mining 795 bitcoin Mining profit margin of 6% Revaluation gain of bitcoin holdings of $10.1 million for the quarter [...]
Hut 8 Mining Corp. today announces various operational updates including receipt of 2,000 bitcoin miners from MicroBT, the beginning of a hosting arrangement, and the transfer of Bitfury Clark chips from Drumheller to Medicine Hat. Mining equipment order Hut 8 is now in possession of 1,000 units of M31S and 1,000 units of M31S+ from MicroBT. These [...]
Hut 8 Mining Corp. today announced that it will release its second quarter 2020 financial results pre-market open on Thursday August 13, 2020. A conference call has been scheduled to discuss the Company's year-end financial results, hosted by Interim CEO Jimmy Vaiopoulos, starting at 10:00 a.m. ET Thursday August 13, 2020. Date: Thursday, August [...]
Hut 8 Mining Corp. one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, announces that the management of the Medicine Hat facility operations have been transferred from the Bitfury Group to Hut 8 effective August 1, 2020. Previously, Hut 8 outsourced the operations and maintenance at the [...]
Hut 8 Mining Corp. today announced that it has renegotiated key terms with Genesis Global Capital, LLC for its US$20 million facility including the interest rate and bitcoin collateral, saving Hut 8 up to $500,000 per year in interest costs. The interest rate on the loan has decreased from 9.85% to 8.00% per annum for the full balance of the loan [...]
Hut 8 Mining Corp. is pleased to announce that it has closed its previously announced underwritten public offering through a syndicate of underwriters led by Stifel GMP, Canaccord Genuity Corp., Echelon Wealth Partners Inc., Gravitas Securities Inc., Haywood Securities Inc., and Richardson GMP Limited. In connection with the closing of the [...]
Hut 8 Mining is pleased to announce that in connection with its previously announced overnight marketed offering, it has entered into an underwriting agreement with a syndicate of underwriters led by Stifel GMP and including Canaccord Genuity Corp., Echelon Wealth Partners Inc. Gravitas Securities, Haywood Securities and Richardson GMP to sell [...]
Hut 8 Mining today announced it has filed a preliminary short form prospectus in connection with an overnight marketed public offering of units of the Company. The Offering is to raise a minimum $7.5 million from the sale of Units at a price of $1.45 per Unit. Each Unit will consist of one (1) common share of the Company and one (1) common share [...]
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