Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain.
Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal
Hut 8 Corp., a bitcoin mining and digital infrastructure company, has strengthened its bitcoin strategy with a $125 million strategic ASIC miner partnership with Bitmain Technology.
According to its 2024 full-year financials, Hut 8 generated $80.7 million in revenue from bitcoin mining and cloud services, solidifying its role in the crypto industry. The company expanded its self-mining hashrate to 10.3 EH/s and plans to increase it further to 25.1 EH/s upon executing its Bitmain purchase option.
“In 2024, we delivered on our commitment to operational excellence and bottom-line economics. We fortified our capital strategy and balance sheet, converting our anchorage loan to equity, launching ATM and stock repurchase programs, and expanding our strategic bitcoin reserve. Today, we operate from a position of strength as we focus on advancing our 12.3-gigawatt development pipeline,” said Asher Genoot, CEO of Hut 8.
The company also launched Highrise AI, Inc., a GPU-as-a-service subsidiary, positioning itself to meet the rising demand for AI-focused computing infrastructure. Additionally, Hut8 deployed a custom liquid-cooled ASIC mining system at its Vega data center, bridging the gap between bitcoin mining and traditional high-performance computing.
With 10,171 BTC in reserves at an approximate market value of $949.5 million, Hut 8 continues to strengthen its balance sheet and expand into next-generation digital infrastructure. As the company scales operations, it aims to play a pivotal role in both the bitcoin and AI-powered compute sectors.
buying clomiphene tablets can i order clomiphene without insurance get cheap clomiphene without a prescription can i order generic clomiphene online where to get clomiphene pill how to get cheap clomid no prescription where to get generic clomid tablets
Excellent goods from you, man. I have understand your stuff previous to and you are just extremely fantastic. I really like what you have acquired here, really like what you are stating and the way in which you say it. You make it entertaining and you still care for to keep it smart. I can’t wait to read much more from you. This is really a great web site.
Thanks recompense sharing. It’s top quality.
Greetings! Extremely productive recommendation within this article! It’s the crumb changes which will espy the largest changes. Thanks a lot in the direction of sharing!
how to get zithromax without a prescription – tindamax 300mg oral flagyl pill
rybelsus without prescription – rybelsus where to buy order cyproheptadine 4mg generic
buy cheap motilium – order domperidone 10mg where can i buy cyclobenzaprine
amoxicillin buy online – buy valsartan generic ipratropium 100mcg uk
zithromax pills – nebivolol 5mg uk buy nebivolol 5mg generic
Este site é realmente incrível. Sempre que consigo acessar eu encontro coisas diferentes Você também pode acessar o nosso site e descobrir mais detalhes! conteúdo único. Venha descobrir mais agora! 🙂
order augmentin 625mg online cheap – https://atbioinfo.com/ buy ampicillin sale
esomeprazole 40mg pills – https://anexamate.com/ esomeprazole brand
buy generic medex – blood thinner order losartan 25mg pill
order meloxicam 15mg online cheap – https://moboxsin.com/ order mobic
Great line up. We will be linking to this great article on our site. Keep up the good writing.
buy deltasone 40mg without prescription – https://apreplson.com/ order prednisone 10mg online
amoxil usa – combamoxi.com order amoxil
order diflucan 200mg – https://gpdifluca.com/ diflucan 200mg generic
escitalopram 20mg brand – https://escitapro.com/# escitalopram cheap
buy cheap generic cenforce – https://cenforcers.com/# cenforce pill
best research tadalafil 2017 – cheapest cialis cialis online canada ripoff
cialis liquid for sale – tadalafil citrate research chemical buying generic cialis
order zantac generic – aranitidine order zantac 300mg pill
viagra 50 mg price – https://strongvpls.com/ order viagra thailand
I couldn’t weather commenting. Adequately written! click
This is the description of glad I enjoy reading. https://buyfastonl.com/azithromycin.html
I am in point of fact enchant‚e ‘ to glitter at this blog posts which consists of tons of useful facts, thanks for providing such data. https://ursxdol.com/clomid-for-sale-50-mg/
Thanks on sharing. It’s outstrip quality. https://prohnrg.com/product/omeprazole-20-mg/
You have brought up a very wonderful details, appreciate it for the post.
Thanks for putting this up. It’s evidently done. levitra pas cher
Generally I do not read article on blogs, however I would like to say that this write-up very compelled me to check out and do it! Your writing style has been amazed me. Thank you, quite great article.
More posts like this would persuade the online play more useful. https://ondactone.com/spironolactone/
Greetings! Jolly useful par‘nesis within this article! It’s the little changes which choice make the largest changes. Thanks a a quantity quest of sharing!
order tamsulosin generic
This is the make of advise I recoup helpful. http://anja.pf-control.de/Musik-Wellness/member.php?action=profile&uid=4707
Some truly interesting info , well written and loosely user genial.
Great post. I was checking continuously this weblog and I’m inspired! Very helpful information particularly the final part 🙂 I handle such info much. I was seeking this particular info for a very lengthy time. Thanks and best of luck.
I found your blog site on google and verify a couple of of your early posts. Continue to keep up the excellent operate. I simply extra up your RSS feed to my MSN News Reader. In search of ahead to reading extra from you afterward!…
Hi, Neat post. There’s a problem along with your site in web explorer, would test this?K IE nonetheless is the market leader and a large element of other people will omit your excellent writing due to this problem.
I was more than happy to search out this internet-site.I wanted to thanks for your time for this wonderful read!! I undoubtedly enjoying every little little bit of it and I have you bookmarked to take a look at new stuff you blog post.
Respect to author, some superb information .
Wonderful blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks
xenical tablet – on this site order orlistat online
It’s really a great and helpful piece of info. I’m glad that you shared this helpful information with us. Please keep us up to date like this. Thanks for sharing.