Hut 8 Corp., a leading Bitcoin miner, named after temporary shelters used by teams during wartime. Just last week, they announced an astounding net loss of $134 million for Q1 2025. This eye-popping figure has contributed to questioning and back-and-forths about the company’s strategic direction, including its big pivot toward...
>Hut 8 Corp's net loss for the first quarter of 2025 was $134 million. The company is making a calculated bet in pursuit of developing energy infrastructure while growing its Bitcoin mining business. The company faced a loss but is taking great leaps in scaling its energy capacity and streamlining...
Hut 8's recent $134 million loss isn't just a bad quarter. It's a flashing red light on a high-stakes gamble. To succeed, CEO Asher Genoot says that intentional investments will be key to unlocking future potential. The harsh truth is hidden in the numbers. A 57% decrease in their overall...
