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) $ 83,592.40 0.89%
Ethereum (ETH) $ 1,910.90 0.99%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.35 1.42%
BNB (BNB) $ 628.06 2.89%
Solana (SOL) $ 128.67 5.12%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.71483 3.75%
Dogecoin (DOGE) $ 0.172704 1.21%
TRON (TRX) $ 0.212682 3.52%
Bitcoin (BTC) $ 83,592.40 0.89%
Ethereum (ETH) $ 1,910.90 0.99%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.35 1.42%
BNB (BNB) $ 628.06 2.89%
Solana (SOL) $ 128.67 5.12%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.71483 3.75%
Dogecoin (DOGE) $ 0.172704 1.21%
TRON (TRX) $ 0.212682 3.52%