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Hut 8 posts $190m third-quarter profit on unrealised Bitcoin gains

NewsFeeds update

Hut 8 sold about 3,100 Bitcoin to fund a $250m share buyback and cancelled 3.3m shares, then raised its buyback authorisation to $1bn. Its third-quarter net profit was $190m, including $414m mainly from unrealised Bitcoin gains, while revenue fell to $71.1m.

BitcoinOdailyAIBullish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.