Toronto-based Bitcoin mining company Hut 8 (TSX: HUT) saw an 8% drop in shares after reporting lower-than-expected Q2 earnings. The company mined 399 BTC in the quarter ending June 30, a 58% decrease from the same period last year, leading to a revenue drop of $24.6 million. Hut 8 attributed the decline to increased Bitcoin network difficulty and issues with specific mining facilities.
BullishBearishLikeShare
Disclaimer:The content above does not represent HTX's positions.,HTX does not provide any trading recommendations.。
All Comments0LatestHot
No records