Hut 8 is set to make use of the 9,000 bitcoin on its balance sheet to fund its near-term growth
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
40k BTC for the first time since May 2022
Cost of debt includes quarterly interest payments and a one-time repayment fee
Hut 8's original service contract was for another four years with a monthly fee of $1.2 million
Major mining stocks saw more than 30% in price correction, outstripping bitcoin's 15% pullback since the New Year.
Texas alone is set to add at least another 500 MW by Q2.
The company expects to complete the bid in January.
The market cap of the top 12 mining stocks by trading volume also sets new highs over $12 billion on Monday.
Hardware trading subsidiary contributed 95% to 2022 revenue.
Plans a new publicly traded bitcoin mining company that will be owned by Celsius customers
November is the second-most rewarding month for bitcoin miners this year