Hut 8 Mining


Finance

Crypto Winter Ends Era of Bitcoin Mining ‘HODLers’

Bitcoin miners are no longer able or willing to hold onto all of their mined digital assets indefinitely as a slump in prices is eating into their margins.

(DALL-E/CoinDesk)

Videos

Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge

Shares of Hut 8 Mining (HUT) continue to slide after the bitcoin mining firm said last week it agreed to merge with U.S. Bitcoin Corp. Hut 8 Mining CEO Jaime Leverton and US Bitcoin Corp. founder and President Asher Genoot discuss how the merge will benefit both companies as the crypto winter continues. Plus the implications for decentralization and how to ensure profitability in bitcoin mining.

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Videos

Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

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Finance

Bitcoin Miner BitNile Pulls 6,500 Rigs From Former Compute North Site

The company signed a hosting deal in August with now-bankrupt Compute North for a site that is now managed by USBTC.

Compass' Wolf Hollow site in Granbury, Texas (Compute North)

Finance

Shares of Bitcoin Miner Hut 8 Slump on Merger With US Bitcoin Corp.

The deal is a major consolidation move in the bitcoin mining industry.

(Midjourney/CoinDesk)

Videos

Hut 8 Mining CEO on Crypto Winter, Bitcoin’s Presence at Davos 2023

Hut 8 Mining CEO Jaime Leverton discusses the significance of bitcoiners attending the World Economic Forum Annual Meeting in Davos, Switzerland. Plus, her outlook on bitcoin (BTC) as the market continues to navigate crypto winter.

Recent Videos

Finance

Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge

The network's upgrade will do away with the need for bulky and expensive data centers, which the miners are looking to repurpose.

Crypto mining stocks have lost roughly half of their value in the past month. (Sandali Handagama for CoinDesk)

Videos

A New Era for Mining Finance

Galaxy Digital Head of Mining Amanda Fabiano, Hut 8 Mining CEO Jaime Leverton and Lucas Pipes, Managing Director at B. Riley Securities, join Consensus 2022 to discuss the outlook for crypto mining finance. Moderator: Aoyon Ashraf, Crypto mining reporter, CoinDesk

Recent Videos

Finance

Crypto Miner Hut 8 Bucks Trend by ‘Hodling’ Its Mined Bitcoins

The miner also concluded its crypto lending program, bringing all of company bitcoin back into custody.

Hut 8 plant

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The Future of Mining Finance: Time to Get Creative

To finance mining rigs in a down market, firms will have to look beyond stock issuance. They may have to borrow against their machines or mined crypto or put themselves up for sale.

(Wikimedia Commons)

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