NEWS ER
Hut 8 Reports Third Quarter 2024 Results
2 minutes ago, 3:30 AM PST
Via GlobeNewswire
Earnings Release Highlights
• Revenue of $43.7 million, net income of $0.9 million, and Adjusted EBITDA of $5.6 million
• Energy cost per MWh of $28.83, a 33% decrease from $42.73 in the prior year period
• Mined 234 Bitcoin at a weighted average revenue per Bitcoin mined of $61,025, compared to a cost to mine of $31,482
• 9,106 Bitcoin held in reserve with a market value of $576.5 million and total cash of $72.9 million as of September 30, 2024
2 minutes ago, 3:30 AM PST
Via GlobeNewswire
Earnings Release Highlights
• Revenue of $43.7 million, net income of $0.9 million, and Adjusted EBITDA of $5.6 million
• Energy cost per MWh of $28.83, a 33% decrease from $42.73 in the prior year period
• Mined 234 Bitcoin at a weighted average revenue per Bitcoin mined of $61,025, compared to a cost to mine of $31,482
• 9,106 Bitcoin held in reserve with a market value of $576.5 million and total cash of $72.9 million as of September 30, 2024
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