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HUT| Name | Value |
|---|---|
| Revenues | 42.2M |
| Cost of Revenue | 17.6M |
| Gross Profit | 24.6M |
| Operating Expense | 26.2M |
| Operating I/L | -1.6M |
| Other Income/Expense | 2.9M |
| Interest Income | 0.0M |
| Pretax | 1.4M |
| Income Tax Expense | 0.5M |
| Net Income/Loss | 0.6M |
Hut 8 Mining Corp. is a North American cryptocurrency mining company specializing in industrial scale bitcoin mining operations. The company owns and operates a significant number of BlockBoxes in Alberta, providing the infrastructure for its mining activities. By leveraging these facilities, Hut 8 Mining Corp. generates revenue through the process of mining bitcoins, which involves validating and recording transactions on the blockchain. This process is incentivized by the issuance of new bitcoins and transaction fees. Through its mining operations, the company capitalizes on the growing demand for cryptocurrencies and blockchain technology, contributing to its financial success.
