Crypto mining firm Hut8's second quarter revenue was C $ 33.5 million, quadrupling from the same period last year.

On August 12, Canadian cryptocurrency miner Hut 8 Mining announced that its second quarter revenue had nearly quadrupled to C $ 33.5 million (roughly $ 27 million) during the same period per year. last. The company's operating profit tripled to C $ 8.1 million (approximately US $ 6.5 million). The company estimates that with the launch of new mining machines, around 22 bitcoins will be mined per day in the fourth quarter and 14 to 16 bitcoins per day in the third quarter. By the end of this year, 144 MW will be used for mining, and it is expected to grow 45% to 209 MW by the end of 2022. (Coin Desk)