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Hut 8 | 10-Q: Q2 2024 Earnings Report

Hut 8 | 10-Q: Q2 2024 Earnings Report

Hut 8 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/13 18:42

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Hut 8 Corp. reported Q2 2024 revenue of $35.2 million, up from $20.5 million in Q2 2023, despite Bitcoin mining revenue declining to $13.9 million from $15.9 million due to April's halving event. The company mined 279 Bitcoin during the quarter at a cost of $26,232 per coin, while managing 1,075 MW of total energy capacity across eighteen sites. Digital assets held reached $570.5 million as of June 30, 2024.The company recorded a net loss of $71.9 million in Q2 2024, compared to a $1.7 million loss in Q2 2023, primarily due to a $71.8 million loss on digital assets from Bitcoin price declines. Operating expenses increased to $101.3 million from $7.6 million, while general and administrative expenses rose to $17.9 million from $5.2 million due to increased headcount and public company costs.Notable developments included securing a $150 million convertible note from Coatue Fund, amending service agreements with Ionic Digital, and expanding operations through the Far North acquisition of four natural gas power plants in Ontario. The company also implemented strategic initiatives including miner relocations and infrastructure optimization to strengthen financial performance.
Hut 8 Corp. reported Q2 2024 revenue of $35.2 million, up from $20.5 million in Q2 2023, despite Bitcoin mining revenue declining to $13.9 million from $15.9 million due to April's halving event. The company mined 279 Bitcoin during the quarter at a cost of $26,232 per coin, while managing 1,075 MW of total energy capacity across eighteen sites. Digital assets held reached $570.5 million as of June 30, 2024.The company recorded a net loss of $71.9 million in Q2 2024, compared to a $1.7 million loss in Q2 2023, primarily due to a $71.8 million loss on digital assets from Bitcoin price declines. Operating expenses increased to $101.3 million from $7.6 million, while general and administrative expenses rose to $17.9 million from $5.2 million due to increased headcount and public company costs.Notable developments included securing a $150 million convertible note from Coatue Fund, amending service agreements with Ionic Digital, and expanding operations through the Far North acquisition of four natural gas power plants in Ontario. The company also implemented strategic initiatives including miner relocations and infrastructure optimization to strengthen financial performance.
Hut 8 CORP. 报告称2024年第二季度营业收入为3520万美元,较2023年第二季度的2050万美元有所增加,尽管由于4月份的减半事件,比特币挖矿收入从1590万美元下降至1390万美元。公司在该季度挖掘了279个比特币,每个比特币的成本为26,232美元,同时在十八个地点管理了1075兆瓦的总能源容量。截至2024年6月30日,持有的数字资产达到了57050万美元。公司在2024年第二季度录得7190万美元的净亏损,相比之下,2023年第二季度的亏损为170万美元,主要是由于比特币价格下跌导致数字资产损失7180万美元。营业费用从760万美元增加到10130万美元,同时由于员工人数...展开全部
Hut 8 CORP. 报告称2024年第二季度营业收入为3520万美元,较2023年第二季度的2050万美元有所增加,尽管由于4月份的减半事件,比特币挖矿收入从1590万美元下降至1390万美元。公司在该季度挖掘了279个比特币,每个比特币的成本为26,232美元,同时在十八个地点管理了1075兆瓦的总能源容量。截至2024年6月30日,持有的数字资产达到了57050万美元。公司在2024年第二季度录得7190万美元的净亏损,相比之下,2023年第二季度的亏损为170万美元,主要是由于比特币价格下跌导致数字资产损失7180万美元。营业费用从760万美元增加到10130万美元,同时由于员工人数的增加和上市公司成本,综合管理费用从520万美元上升至1790万美元。值得注意的发展包括从Coatue 基金获得15000万美元的可转换债券,与Ionic Digital修改服务协议,以及通过收购安大略省四座天然气发电厂来扩大运营。公司还实施了战略举措,包括矿工搬迁和基础设施优化,以加强财务表现。
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