Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects

Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing shows that only $233.6 million was unrestricted and available for general corporate use. The other $6.8 billion, or 96.7% of the...

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Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects

Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly...

Family Card Inauguration on August 16, 16 Million Families to Benefit in Four Years

0 After the successful completion of the pilot program, the...

Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4...

Canaan can use crypto to buy back nearly 20% of its market value while its core business burns cash

Bitcoin mining machine manufacturer Canaan has opened a new...
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Crypto

Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4 million and booked $47.7 million in realized losses. Its filing shows $66.7 million in interest expense against $24.8 million in mining revenue, roughly 2.7-to-1.Cipher ended June...

Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4 million and booked $47.7 million in realized losses. Its filing shows $66.7 million in interest expense against $24.8 million in mining revenue, roughly 2.7-to-1.Cipher ended June...

Coin

Family Card Inauguration on August 16, 16 Million Families to Benefit in Four Years

0 After the successful completion of the pilot program, the government will officially inaugurate the Family Card program on August 16. The...

Signal

Family Card Inauguration on August 16, 16 Million Families to Benefit in Four Years

0 After the successful completion of the pilot program, the...

Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4...

Canaan can use crypto to buy back nearly 20% of its market value while its core business burns cash

Bitcoin mining machine manufacturer Canaan has opened a new...

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