Hut 8 Corp is a technology company primarily focused on cryptocurrency mining and blockchain infrastructure solutions. The company operates large-scale data centers and utilizes advanced hardware to mine various cryptocurrencies, thereby contributing to the overall security and functionality of blockchain networks. Additionally, Hut 8 emphasizes the importance of operational efficiency and sustainability, often exploring innovative ways to optimize energy use in its mining operations. Beyond mining, the company may also engage in other activities related to digital assets, catering to the growing demand in the cryptocurrency market. Read More
Reasserts Hut 8’s first-principles approach to energy and digital infrastructure development following over a year of transformative restructuring and growth under new leadership
Bitcoin’s rally wasn’t enough to keep Robinhood shares in the green after Florida’s Attorney General opened an investigation into the firm over alleged ‘deceptive’ low-cost trading practices.
MIAMI, July 07, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced it will release financial results for the second quarter of 2025 before the market opens on August 7, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET.
PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Several institutional clients have recently utilized Coinbase’s credit facilities to strategically acquire Bitcoin, underscoring growing corporate confidence in digital assets as part of long-term treasury management and diversification strategies. According to recent reports in macrotrends and other industry sources, Coinbase Global revenue for the quarter ending March 31, 2025 was $2.034B, a 24.23% increase year-over-year and Coinbase's total revenue for the twelve months ending March 31, 2025, was $6.961 billion, showing a 75.18% increase year-over-year. Coinbase uses credit facilities to extend loans to other companies, including Bitcoin mining firms, utilizing Bitcoin as collateral. For example, Hut 8 recently secured a $130 million Bitcoin-backed credit facility from Coinbase, which they intend to use to fund growth opportunities. Similarly, Riot Platforms entered into a $100 million credit facility with Coinbase. This strategy allows companies like Hut 8 and Riot Platforms to access capital without selling their Bitcoin holdings. Overall, Coinbase's strategic use of credit facilities to finance external acquisitions of Bitcoin-related businesses, coupled with their own strategic Bitcoin acquisitions and strong market performance in Q1 2025, positions them to capitalize on the growing crypto market. However, it is important to note that the market for Bitcoin and cryptocurrencies, in general, is subject to volatility and regulatory uncertainties. Coinbase's strategic decisions reflect a balance between pursuing growth opportunities and maintaining financial stability in this dynamic environment. Active companies in news today include: KULR Technology Group, Inc. (NYSE American: KULR), Coinbase Global, Inc. (NASDAQ: COIN), Hut 8 Corp. (NASDAQ: HUT), Riot Platforms, Inc. (NASDAQ: RIOT), Robinhood Markets, Inc. (NASDAQ: HOOD).
Since retaking the White House, Donald Trump's reported net worth has remained broadly stable, around $6.5 billion on Election Day to roughly $6.4 billion today.
Beginning on May 1 next year, the contracts will guarantee steady income for four power stations situated in Iroquois Falls, Kingston, Kapuskasing, and North Bay.
Tron (CRYPTO: TRON), the digital asset platform founded by crypto billionaire Justin Sun, is preparing to go public in the U.S. through a reverse merger with collectibles company SRM Entertainment (NASDAQ:SRM).
Anthony Scaramucci, founder and CEO of SkyBridge Capital, expressed his agreement Saturday with billionaire hedge fund manager Philippe Laffont‘s views that Bitcoin (CRYPTO: BTC) has become central to investment portfolios.
American Bitcoin, a Bitcoin (CRYPTO: BTC) mining company backed by Eric Trump and Donald Trump Jr., bought millions worth of the apex cryptocurrency, according to a recent filing with the SEC.
The Trump family's growing engagement with the cryptocurrency world has triggered increasing scrutiny, with projects involving everything from meme coins and NFTs to stablecoins and DeFi ventures, many of which are raising ethical and regulatory questio
Gryphon Digital Mining to merge with American Bitcoin, a subsidiary of Hut 8 Corp, aiming to become world's largest & most efficient Bitcoin miner. Expected to trade on Nasdaq as ABTC in Q3 2025.
