• bitcoinBitcoin (BTC) $ 67,915.00
  • ethereumEthereum (ETH) $ 3,254.08
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 583.57
  • solanaSolana (SOL) $ 183.98
  • usd-coinUSDC (USDC) $ 0.999748
  • xrpXRP (XRP) $ 0.597961
  • staked-etherLido Staked Ether (STETH) $ 3,253.92
  • dogecoinDogecoin (DOGE) $ 0.133837
  • the-open-networkToncoin (TON) $ 6.68
  • cardanoCardano (ADA) $ 0.415322
  • tronTRON (TRX) $ 0.137008
  • avalanche-2Avalanche (AVAX) $ 28.51
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,783.00
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • chainlinkChainlink (LINK) $ 13.59
  • polkadotPolkadot (DOT) $ 5.86
  • bitcoin-cashBitcoin Cash (BCH) $ 381.53
  • nearNEAR Protocol (NEAR) $ 5.68
  • uniswapUniswap (UNI) $ 7.67
  • leo-tokenLEO Token (LEO) $ 5.81
  • litecoinLitecoin (LTC) $ 71.24
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 3,397.72
  • matic-networkPolygon (MATIC) $ 0.513580
  • internet-computerInternet Computer (ICP) $ 9.82
  • kaspaKaspa (KAS) $ 0.182781
  • aptosAptos (APT) $ 7.28
  • ethereum-classicEthereum Classic (ETC) $ 22.87
  • ethena-usdeEthena USDe (USDE) $ 0.998842
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.27
  • stellarStellar (XLM) $ 0.102922
  • moneroMonero (XMR) $ 162.57
  • blockstackStacks (STX) $ 1.86
  • mantleMantle (MNT) $ 0.834416
  • render-tokenRender (RENDER) $ 6.74
  • filecoinFilecoin (FIL) $ 4.60
  • dogwifcoindogwifhat (WIF) $ 2.60
  • okbOKB (OKB) $ 41.37
  • injective-protocolInjective (INJ) $ 25.42
  • hedera-hashgraphHedera (HBAR) $ 0.068735
  • crypto-com-chainCronos (CRO) $ 0.091688
  • bittensorBittensor (TAO) $ 344.82
  • makerMaker (MKR) $ 2,639.79
  • cosmosCosmos Hub (ATOM) $ 6.20
  • arbitrumArbitrum (ARB) $ 0.724367
  • immutable-xImmutable (IMX) $ 1.56
  • vechainVeChain (VET) $ 0.028467
  • arweaveArweave (AR) $ 31.26
  • bonkBonk (BONK) $ 0.000029
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998935
  • suiSui (SUI) $ 0.787910
  • optimismOptimism (OP) $ 1.73
  • the-graphThe Graph (GRT) $ 0.199089
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,644.62
  • flokiFLOKI (FLOKI) $ 0.000181
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,303.10
  • bitget-tokenBitget Token (BGB) $ 1.13
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,382.83
  • thorchainTHORChain (RUNE) $ 4.67
  • jupiter-exchange-solanaJupiter (JUP) $ 1.11
  • theta-tokenTheta Network (THETA) $ 1.51
  • aaveAave (AAVE) $ 98.56
  • whitebitWhiteBIT Coin (WBT) $ 10.11
  • notcoinNotcoin (NOT) $ 0.014187
  • ondo-financeOndo (ONDO) $ 0.994291
  • jasmycoinJasmyCoin (JASMY) $ 0.029417
  • pyth-networkPyth Network (PYTH) $ 0.389806
  • lido-daoLido DAO (LDO) $ 1.57
  • fantomFantom (FTM) $ 0.459323
  • based-brettBrett (BRETT) $ 0.129358
  • coredaoorgCore (CORE) $ 1.41
  • celestiaCelestia (TIA) $ 5.94
  • sei-networkSei (SEI) $ 0.370073
  • algorandAlgorand (ALGO) $ 0.142765
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,250.08
  • quant-networkQuant (QNT) $ 72.86
  • flowFlow (FLOW) $ 0.669169
  • gatechain-tokenGate (GT) $ 7.68
  • msolMarinade Staked SOL (MSOL) $ 221.73
  • mantra-daoMANTRA (OM) $ 1.18
  • beam-2Beam (BEAM) $ 0.018478
  • kucoin-sharesKuCoin (KCS) $ 9.72
  • elrond-erd-2MultiversX (EGLD) $ 33.41
  • axie-infinityAxie Infinity (AXS) $ 6.11
  • bitcoin-svBitcoin SV (BSV) $ 45.62
  • popcatPopcat (POPCAT) $ 0.911295
  • heliumHelium (HNT) $ 5.30
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.65
  • galaGALA (GALA) $ 0.023570
  • eosEOS (EOS) $ 0.578222
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • flare-networksFlare (FLR) $ 0.019220
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.40
  • neoNEO (NEO) $ 11.66
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,315.86
  • ordinalsORDI (ORDI) $ 38.78
  • akash-networkAkash Network (AKT) $ 3.28
  • dydx-chaindYdX (DYDX) $ 1.29
  • ethenaEthena (ENA) $ 0.451569
  • tezosTezos (XTZ) $ 0.778478
  • conflux-tokenConflux (CFX) $ 0.179094
  • ecasheCash (XEC) $ 0.000039
  • the-sandboxThe Sandbox (SAND) $ 0.330766
  • fasttokenFasttoken (FTN) $ 2.33
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.008343
  • usddUSDD (USDD) $ 1.00
  • roninRonin (RON) $ 2.07
  • worldcoin-wldWorldcoin (WLD) $ 2.32
  • starknetStarknet (STRK) $ 0.531678
  • nexoNEXO (NEXO) $ 1.21
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000032
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,508.63
  • decentralandDecentraland (MANA) $ 0.348759
  • fraxFrax (FRAX) $ 0.996589
  • raydiumRaydium (RAY) $ 2.43
  • chilizChiliz (CHZ) $ 0.070197
  • frax-etherFrax Ether (FRXETH) $ 3,253.44
  • book-of-memeBOOK OF MEME (BOME) $ 0.008885
  • pendlePendle (PENDLE) $ 3.89
  • paypal-usdPayPal USD (PYUSD) $ 0.999614
  • mina-protocolMina Protocol (MINA) $ 0.521521
  • aioz-networkAIOZ Network (AIOZ) $ 0.533792
  • oasis-networkOasis Network (ROSE) $ 0.087603
  • tether-goldTether Gold (XAUT) $ 2,387.77
  • zksyncZKsync (ZK) $ 0.159999
  • mog-coinMog Coin (MOG) $ 0.000002
  • havvenSynthetix Network (SNX) $ 1.73
  • gnosisGnosis (GNO) $ 214.81
  • iotaIOTA (IOTA) $ 0.164664
  • nervos-networkNervos Network (CKB) $ 0.012304
  • dexeDeXe (DEXE) $ 9.59
  • swethSwell Ethereum (SWETH) $ 3,460.72
  • klay-tokenKlaytn (KLAY) $ 0.144234
  • wormholeWormhole (W) $ 0.294926
  • apecoinApeCoin (APE) $ 0.787793
  • astarAstar (ASTR) $ 0.074966
  • layerzeroLayerZero (ZRO) $ 4.63
  • aerodrome-financeAerodrome Finance (AERO) $ 0.919386
  • livepeerLivepeer (LPT) $ 15.10
  • safeSafe (SAFE) $ 1.17
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,554.60
  • true-usdTrueUSD (TUSD) $ 0.999792
  • axelarAxelar (AXL) $ 0.673392
  • zcashZcash (ZEC) $ 31.38
  • 1inch1inch (1INCH) $ 0.373783
  • xdce-crowd-saleXDC Network (XDC) $ 0.031187
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000085
  • kavaKava (KAVA) $ 0.424979
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.98
  • bitcoin-goldBitcoin Gold (BTG) $ 26.14
  • theta-fuelTheta Fuel (TFUEL) $ 0.068864
  • aevo-exchangeAevo (AEVO) $ 0.521931
  • illuviumIlluvium (ILV) $ 66.85
  • pax-goldPAX Gold (PAXG) $ 2,386.99
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • apenftAPENFT (NFT) $ 0.00000043
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004211
  • iotexIoTeX (IOTX) $ 0.044409
  • wemix-tokenWEMIX (WEMIX) $ 1.02
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.081179
  • turboTurbo (TURBO) $ 0.005945
  • usdbUSDB (USDB) $ 0.993251
  • h2o-daoH2O Dao (H2O) $ 0.482126
  • jito-governance-tokenJito (JTO) $ 3.16
  • mx-tokenMX (MX) $ 3.99
  • g-tokenGravity (G) $ 0.052761
  • project-galaxyGalxe (GAL) $ 3.21
  • woo-networkWOO (WOO) $ 0.198813
  • stader-ethxStader ETHx (ETHX) $ 3,370.34
  • ether-fiEther.fi (ETHFI) $ 2.18
  • safepalSafePal (SFP) $ 0.788496
  • manta-networkManta Network (MANTA) $ 0.962721
  • compound-governance-tokenCompound (COMP) $ 51.71
  • memecoin-2Memecoin (MEME) $ 0.015470
  • arkhamArkham (ARKM) $ 1.44
  • compound-ethercETH (CETH) $ 65.41
  • stepnGMT (GMT) $ 0.152987
  • superfarmSuperVerse (SUPER) $ 0.758558
  • golemGolem (GLM) $ 0.341590
  • venomVenom (VENOM) $ 0.186617
  • singularitynetSingularityNET (AGIX) $ 0.542404
  • 0x0x Protocol (ZRX) $ 0.396965
  • dymensionDymension (DYM) $ 1.73
  • rocket-poolRocket Pool (RPL) $ 16.27
  • kusamaKusama (KSM) $ 21.80
  • blurBlur (BLUR) $ 0.187484
  • availAvail (AVAIL) $ 0.194068
  • osmosisOsmosis (OSMO) $ 0.487533
  • aragonAragon (ANT) $ 8.19
  • beldexBeldex (BDX) $ 0.048828
  • ponkePONKE (PONKE) $ 0.598225
  • zilliqaZilliqa (ZIL) $ 0.017226
  • altlayerAltLayer (ALT) $ 0.138487
  • dashDash (DASH) $ 26.74
  • corgiaiCorgiAI (CORGIAI) $ 0.000925
  • echelon-primeEchelon Prime (PRIME) $ 7.42
  • curve-dao-tokenCurve DAO (CRV) $ 0.266756
  • magaMAGA (TRUMP) $ 6.80

Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite

0 242

Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite

Bitcoin miner Hut 8 Mining (HUT) first-quarter revenue dropped a greater-than-estimated 64% to C$19 million ($14.16 million) from the year earlier as the company was forced to turn off some machines due to a dispute with its energy provider.

Revenue fell 13% from the previous quarter, missing analyst expectations of C$21.2 million. The Toronto-based company reported earnings per share (EPS) of 47 U.S. cents, compared with forecasts for a loss of 15 cents on FactSet.

While the crypto mining industry is staring to emerge from a brutal crypto winter that saw major names like Compute North and Core Scientific (CORZ) file for chapter 11 bankruptcy protection, Hut 8 had to turn off about 8,000 machines in its Ontario facility due to a dispute with its energy provider in mid-November. Since then, it has managed to bring only about 1,000 back online.

On top of that, its facility at Drumheller, Alberta is operating at just 15% capacity due to electrical problems that have damaged the equipment. The site likely accounts for about 0.9 EH/s of Hut 8’s total 2.6 EH/s of computing power.

Hut 8 stock was little changed in pre-market trading on the Nasdaq, down 0.55% at $1.82 at the time of writing. The shares have more than doubled in price in 2023, but remain lower by 34% on a year-over-year basis.

Hut 8 is in the process of a merging with U.S. Bitcoin Corp. (USBTC), a private miner with operations in New York and Texas.



Source

Leave A Reply

Your email address will not be published.