Hut 8 Mining, one of the largest cryptocurrency miners in North America, announced a loss of 114.2 million CAD for the last quarter of last year.
According to information released today by Hut 8 Mining, the company’s loss of CAD 114.2 million was largely due to the revaluation of tangible fixed assets.
Hut 8 Mining, the first Canadian miner to enter the Nasdaq, posted a loss per share of $0.67 for the same quarter.
Total revenue of the company during the quarter, compared to the same period of the previous year about 350 percent increasing $57.9 million output.
Hut 8 Mining throughout 2021 $173.8 million the company’s overall cost of revenue for the year, given the loss in the value of the assets held and the costs incurred to mine it. 85 million dollars it happened.
Canadian miner, as of the end of last year 2.0EH/s While it has production capacity, it will increase this hash rate as of February 28, 2022. to 2.5EH/s took it out. With the completion of the remaining shipments up to 3.55EH/s Waiting.
Shane Downey, the company’s CFO, is ahead with the delivery of next-generation equipment. “more efficiently” He said they hoped to do mining.
Including the 2,000 bitcoins it borrowed, Hut 8 Mining has a total in its balance sheet. 5 thousand 518 bitcoins holding.