2026-11-05 18:01:06
Hut 8 Reports $189.5M Q3 Net Profit Driven by $413.8M Unrealized Bitcoin Gains
According to Bitcoin News, Hut 8 reported a third-quarter net profit of $189.5 million, with $413.8 million coming from unrealized bitcoin gains. The company sold approximately 3,100 BTC, raising $250 million for share buybacks and reducing shares outstanding by 3.3 million. The board authorized an