Hut8 releases Q1 results report: strategic Bitcoin reserves expand to 10264 BTC"

Crypto 7x24

2025-05-08 22:13:08

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According to online reports, Nasdaq-listed bitcoin mining company Hut8 released its first-quarter 2025 results report, which pointed out: 1. Revenue of US$21.8 million, net loss of US$134.3 million, and adjusted EBITDA of US$117.7 million; 2. Strategic Bitcoin reserves expanded to 10,264 BTC, with a market value of US$847.2 million as of March 31, 2025; 3. Bitcoin mining, GPU-as-a-service and data center cloud operations generated revenue of US$16.1 million.

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