Canadian crypto-mining company Hut 8 Mining said second-quarter revenue almost quadrupled to C$33.5 million (US$27 million) from the year before.
- Operating profit tripled to C$8.1 million ($6.5 million), the company said in a release.
- By the end the year, it estimated it will have 144 MW of power available for mining. That will grow 45% to 209 MW by the end of 2022.
UPDATE (AUG. 12, 11:40 UTC): Rewrites headline to reflect earnings release, adds revenue, operating profit.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.