Hut 8’s Q3 2024: $80.7M Crypto Revenue, Bitcoin Holdings Surge to 10,171 BTC
Hut 8 Corp. generated $80.7 million in crypto revenue through Bitcoin mining and its GPU-as-a-service subsidiary, Highrise AI.
They expanded their Bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain to significantly increase their mining hashrate. 1 The company also implemented a liquid-cooled ASIC system and strengthened its financial position, aiming to lead in both Bitcoin mining and AI infrastructure
Clever Robot News Desk 5th March 2025
