Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase
Hut 8 mining revenue has fallen for five consecutive quarters.
Hut 8 will also retain its listing on the Toronto Stock Exchange.
The securities offering is expected to take place on the Toronto Stock Exchange.
The shares are scheduled to make their debut on Nasdaq next week.
Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.
Bitfury current holds 37.2 million shares of Hut 8.