Top three hodlers account for 74% of industry reserves
Company may buy some of the hosted hashrate for self-mining
It's not the first time mining stocks have lagged behind bitcoin’s return to ATH
Retiring about 800 PH/s of hashrate
Hut 8 is set to make use of the 9,000 bitcoin on its balance sheet to fund its near-term growth
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
40k BTC for the first time since May 2022
Cost of debt includes quarterly interest payments and a one-time repayment fee
Hut 8's original service contract was for another four years with a monthly fee of $1.2 million
Major mining stocks saw more than 30% in price correction, outstripping bitcoin's 15% pullback since the New Year.
Texas alone is set to add at least another 500 MW by Q2.
The company expects to complete the bid in January.