- Hut 8 Mining press release ( NASDAQ: HUT ): Q3 GAAP EPS of -C$0.12.
- Revenue of C$31.67M (-37.1% Y/Y).
- Bitcoin holdings increased 13.3% in Q3 to 8,388 as of September 30, 2022
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Achieved adjusted EBITDA of $2.1 million
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The Company mined 982 Bitcoin in Q3 2022, an 8.5% increase compared to Q3 2021 due to an increase in hashrate from the expansion of the Company fleet of miners and mining activities.
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Hut 8's high performance computing operations generated $4.4 million of revenue in the quarter, the majority of which is monthly recurring revenue.
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The Company installed an aggregate of 2,205 new MicroBT M30S, M30S+, M30S++ and M31S+ miners at its three mining sites during Q3 2022. The installation of these miners brought Hut 8's operating capacity to 3.07 EH/s as of September 30, 2022, an increase of 10% in hashrate compared to June 30, 2022
- Shares +4.05% PM.
For further details see:
Hut 8 Mining GAAP EPS of -C$0.12, revenue of C$31.67M