CoinVoice has learned that, according to Bloomberg, Bitcoin mining company Hut 8 Corp. has released its financial report for the first quarter of 2025.
The data shows that the company's quarterly revenue was $21.8 million, a nearly 58% year-on-year plunge; the net loss was $134.3 million, whereas the same period last year recorded a profit of $250.7 million. The company recently announced a partnership with former U.S. President Trump's son to develop a new business.
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CoinVoice has learned that, according to Bloomberg, Bitcoin mining company Hut 8 Corp. has released its financial report for the first quarter of 2025.
The data shows that the company's quarterly revenue was $21.8 million, a nearly 58% year-on-year plunge; the net loss was $134.3 million, whereas the same period last year recorded a profit of $250.7 million. The company recently announced a partnership with former U.S. President Trump's son to develop a new business.