“The Bitcoin Miner Held Over 10,000 Bitcoin at the End of Last Year.”, – WRITE: www.coindesk.com
Hut 8 Finished The Year with A Reserve of 10.171 Bitcoin (BTC), WORTH Approximately $ 905 Million at the Time of Writing. The vast majority of this reserve have been Pledged as collateral to purchase more asic mining machines.
The Miner Saw A Sharp Reduction in Energy Costs, with Fourth-Quarter Consts per Megawatt-Hour Droping by 30% from the prevues year to $ 31.63. While Hut 8 Managed Roughly 1,020 MW at the End of December, It Has More Than 12,300 MW in the Pipeline.
The Company Deepented It Relationship with Bitmain, One of the Largest Bitcoin Mining Firms in the World. Hut 8 Secured A Colocation Deal from Bitmain that is Expert to Generate $ 125 Million in Annual Revenue, It Is Also Teaming Up with The Firm to Develop A Next-Generation Asic Miner.
Hut 8 is IncreASING ITS AI INFRASTRUCTURE INVESTMENTS. ITS SUBSIDIARY, HIGHRISE AI, SIGNED A FIV-YEAR CUSTOMER AGREMENT FOR GPU-AS-A-SERVICE. The Company Also Closed A $ 150 Million Strategic Investment from Coatue to Support AI Development.
The Company’s Stock is Down 7.25% on the day, Bringing it Valuation to $ 1.5 Billion.
Disclaimer: Parts of this article Were Generated with the Assistance from Ai Tools and Review by the Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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