Genesis Global Capital

May 13, 2020

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405...

InBitcoin, MiningTag:bitcoin mining, bitfury, earnings, Genesis Global Capital, Hut 8 Mining, Mining, third Bitcoin Halving, toronto stock exchange

Bitcoin (BTC) $ 104,954.12 2.62%

Ethereum (ETH) $ 2,533.77 8.53%

Tether (USDT) $ 1.00 0.02%

XRP (XRP) $ 2.14 4.96%

BNB (BNB) $ 653.06 1.80%

Solana (SOL) $ 146.16 8.75%

USDC (USDC) $ 1.00 0.00%

Dogecoin (DOGE) $ 0.17578 7.39%

TRON (TRX) $ 0.2705 1.72%

Lido Staked Ether (STETH) $ 2,534.37 8.52%