RY 170.35 -1.6966% TD 78.27 -0.3565% SHOP 110.295 0.1044% CNR 153.64 -0.9222% ENB 56.735 -0.4824% CP 109.12 0.0458% BMO 129.11 -0.0387% TRI 230.53 -0.3329% CNQ 48.365 -0.4426% BN 75.48 0.9226% ATD 72.54 -1.2658% CSU 4363.3101 0.8% BNS 72.31 -0.2621% CM 87.03 0.2303% SU 53.28 -0.1873% TRP 64.7 -0.3849% NGT 68.32 -14.5573% WCN 248.16 -0.549% MFC 41.43 -0.3128% BCE 45.64 -0.6746%
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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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