In the second quarter, encrypted mining company Hut 8 Mining income reached 33.5 million Canadian dollars, equivalent to four times the same period last year.

In the second quarter, encrypted mining company Hut 8 Mining income reached 33.5 million Canadian dollars, equivalent to four times the same period last year.

2021/8/13

According to sources, Canadian cryptocurrency mining company Hut 8 Mining stated that its revenue in the second quarter was almost four times that of the same period last year, reaching 33.5 million Canadian dollars (approximately US$27 million). In addition, the company's operating profit tripled to 8.1 million Canadian dollars (about 6.5 million US dollars). The company predicts that with the deployment of new mining machines, up to 22 bitcoins will be mined per day in the fourth quarter, and 14-16 bitcoins are expected to be produced per day in the third quarter. By the end of this year, 144MW is expected to be mined; by 2022, it is expected to increase by 45% to 209 MW.


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