Hut 8 CEO: Continue to diversify business

Odaily Planet Daily News Hut 8 CEO Jaime Leverton said in the earnings conference call that Hut 8 is not simply pursuing computing power and mining business, and the company will continue to diversify its business. According to Jaime Leverton, this strategy is especially important ahead of the next Bitcoin halving. For example, the company moved into high-performance computing (HPC) with the acquisition of wireless connectivity company TerraGo in January 2022. US Bitcoin Corp provides fiat-based revenue streams such as custody and managed infrastructure operations. In addition, after signing a five-year agreement with Interior Health in June this year, Hut 8 will focus on growing its high-performance cloud computing business. (Bockworks) According to previous reports, Bitcoin mining company Hut 8 Mining released its Q2 financial report, with quarterly revenue of $19.1 million, of which $4.2 million came from high-performance computing (HPC) business. As of June 30, 2023, Hut 8 has mined 399 bitcoins in the second quarter.