Genesis Global Capital

May 13, 2020

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405...
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Bitcoin (BTC) $ 83,101.27 1.28%
Ethereum (ETH) $ 1,901.52 1.19%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.33 2.64%
BNB (BNB) $ 613.87 0.14%
Solana (SOL) $ 127.77 5.93%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.712866 3.64%
Dogecoin (DOGE) $ 0.170757 2.46%
TRON (TRX) $ 0.213036 3.76%
Bitcoin (BTC) $ 83,101.27 1.28%
Ethereum (ETH) $ 1,901.52 1.19%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.33 2.64%
BNB (BNB) $ 613.87 0.14%
Solana (SOL) $ 127.77 5.93%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.712866 3.64%
Dogecoin (DOGE) $ 0.170757 2.46%
TRON (TRX) $ 0.213036 3.76%