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Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%

The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter.
Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year for Bitcoin (BTC) and the broader digital asset market. The Toronto-based company, which trades publicly on the Nasdaq and TSX, saw its revenues surge to $45.69 million ($57.901 million CAD) in the fourth quarter of 2021, up from $10.25 million ($12.986 million CAD) the year before. Full-year revenues were $137.1 million, up 326% compared with 2020.Despite generating a large profit from mining activities, the company posted an overall loss of $0.53 ($0.67 CAD) per share in the fourth quarter. Losses amounted to $0.43 ($0.54 CAD) per share in all of 2021.Shares of Hut 8, which trade under the ticker symbol

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We współpracy z: https://cointelegraph.com/news/crypto-miner-hut-8-posts-record-revenue-as-btc-holdings-surge-100

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