Toronto-based Bitcoin mining company Hut 8 has announced the completion of its second mining facility in Canada on July 16, claiming to have become the world’s “largest publicly-traded” operator by capacity.
In a press release, Hut 8 revealed its Medicine Hat farm had been completed ahead of its September deadline, joining its existing operation in the city of Drumheller.
Launched through a partnership with BitFury, which provided the company access to mining hardware and other necessities, Hut 8 has mined around 1,900 Bitcoin (BTC) since its original launch in December last year, the press release notes.
BitFury and Hut 8’s comparative success further diversifies the Bitcoin mining market, which continues to see dominance from the Chinese-owned Bitmain.
Canada has become a challenging environment for large-scale cryptocurrency miners this year.
Hut 8 said it has entered into a power purchase agreement for a site in West Texas with access to 205 megawatts. Bitcoin mining company Hut 8 is gearing up to expand its infrastructure platform significantly with the latest agreement…
Bitcoin mining giant Hut 8 announced a $150 million strategic funding from Coatue to emerge as a “leader in the AI infrastructure market.” Miami-based Bitcoin mining firm Hut 8 announced on Monday it has raised $150 million to bolster its…
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
Hut 8 to merge with US Bitcoin to diversify revenue streams. Mining potential of the combined company will be 5. 6 EH/s. Hut 8 Mining Corp stock ended slightly down on Wednesday. Hut 8 Mining Corp ended slightly in the red on Wednesday after revealing plans to merge with US Bitcoin Corp.
Hut 8 Mining, one of the world’s largest public cryptocurrency mining companies by operating capacity, announced today that for the this year’s second quarter it has mined 2,816 bitcoin (BTC) and has retained bitcoin of 3,250, both the highest quarterly amount in Hut 8’s history. For the second quarter of 2019, Hut 8 mined 2,816 […]
Going Big – Hut 8 Purchases 12 More BlockBoxes Hut 8 is already the world’s largest cryptocurrency miner by market capitalization and operating capacity standards. Now it is poised to grow its capacity in a bid to become the world’s largest Bitcoin miner.
Toronto-based Bitcoin mining company Hut 8 has announced the completion of its second mining facility in Canada on July 16, claiming to have become the world’s “largest publicly-traded” operator by capacity.
Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Op Ed: I Think, Therefore I Bitcoin: The Case for Bitcoin Andrew Kiguel, founder of Hut 8 Mining, reflects on what Bitcoin means, beyond the hype of its bumpy price charts. However, because of the freedom it puts in the hands
It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system.
The event attracted over 300 attendees and a diverse array of exhibitors, according to conference organizers, signaling continued interest in the cryptocurrency despite past criticism of Bitcoin by Canada’s Prime Minister and tighter exchange regulation.
Due to an uptick in Bitcoin scams, Canadian police have launched a public awareness campaign to educate potential victims of the danger. In Regina, the police have reported that an increasing number of people are getting scammed — even though many don’t know what cryptocurrency is.
A judge of the Nova Scotia Supreme Court has agreed to a request to move the ongoing QuadrigaCX case from Halifax to Toronto, Ontario. According to a report by Global NewsSeptember 10, 2019, the transfer would drastically cut down expenses as most of the victims are based in Toronto.
In line with Halifax’s request, Ernst & Young, a “Big Four” multinational professional services firm in charge of QuadrigaCX’s court proceedings has asked a Nova Scotia Supreme Court judge to transfer the case to Toronto, to save costs, according to a local news source, The Star on August 28, 2019.
Untraceable’s Futurist Conference is the largest and most high profile blockchain event in Canada held on August 13-14 2019 in Toronto. It brings together over 2300 attendees from around the globe to discuss the future of technology including blockchain, artificial intelligence, and other emerging tech that will disrupt our future. Futurist is held at Rebel […]