PANews reported on May 9 that according to Bloomberg, Hut 8, a US Bitcoin mining company, announced its Q1 financial report after cooperating with Trump's son to establish American Bitcoin Corp., with revenue falling nearly 58% year-on-year to US$21.8 million and a loss of US$134.3 million. The company attributed the loss to the impact of Bitcoin halving and the suspension of mining machine upgrades. Despite this, Hut 8 still plans to continue investing in the joint venture project and expand the AI high-performance computing center. The company's stock price rose 17% after the announcement.
Hut 8's revenue plunged 58% in the first quarter, with losses of $134 million
Comment
关注PANews官方账号，一起穿越牛熊
- @PANewsCN
- Telegram资讯频道
- Telegram交流群
- PANews微信群
添加好友，备注「交流」进群
Recommend Reading
2025-05-10Next week's macro outlook: CPI data may trigger stagflation trading script, BTC may face $100,000 support test
Forbes: Trump Media and Technology Group's financial report reveals "significant deficiencies" in internal controls
BTC Digital acquires land in Georgia for $2.1 million and will invest another $5 million to build a mining farm
Skybridge Capital founder: Sovereign wealth funds' large-scale purchase of Bitcoin still needs to wait for clear US legislation
1confirmation founder: BTC and ETH can become the Internet's native value storage in the future
Opinion: Altcoins break out of negative trend, investors are changing their views on cryptocurrencies
