Seeking Alpha
2021-08-12 12:40:51

Hut 8 Mining down 7% after Q2 earnings results

Hut 8 Mining (NASDAQ:HUT): Q2 GAAP EPS of -$0.16. Revenue of $33.54M (+264.6% Y/Y) beats by $11.27M. As of June 30, the company had 3,824 bitcoin, with a market value of $166M. At the current time, the company has 4,240 bitcoin, with a market value of $245M. Total current contracted hash rate is approximately 2.7 E/H, and with current market dynamics, this translates into mining about 20-25 bitcoin per day. Shares are down 7% premarket, giving back a slice of some large recent gains. Press Release

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