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HUT 8 (TSX: HUT) Q2 2024 losses soar despite 72% revenue growth
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Highlights
Hut 8 Mining Corp (TSX:HUT) is a leading digital asset miner in Alberta, boasting high capacity and extensive self-mined bitcoin. It has a market cap of CAD 1.62 billion.
The company is focused on expanding its power capacity. It recently acquired a new site in the Texas Panhandle, featuring 205 megawatts of low-cost, long-term power. This expansion meets the increasing demand for energy in compute applications. The company is also exploring partnerships to enhance the site's ability to power advanced GPUs and ASICs.
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