💨 Abstract

In the first quarter of 2025, Hut 8 Corp., a Miami-based cryptocurrency mining company, reported significant financial losses. The company experienced a loss of $133.9 million, equating to $1.30 per share. When adjusted for non-recurring costs, the loss per share was 18 cents. Despite the losses, Hut 8 generated $21.8 million in revenue during this period.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖