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Hut 8 stock increase chart and Meta partnership speculation
AI Data Centers

Hut 8 Shares Surge on Meta Partnership Speculation

Hut 8's shares rose nearly 12% amid speculation of a partnership with Meta Platforms. Neither company has confirmed this collaboration, but they are both investing in data centers in Louisiana. Exp...

Bitcoin miningFortitude Mining logo and operations overview for DCG

Digital Currency Group Splits Foundry Mining Operations into Fortitude Mining

Digital Currency Group has restructured its Foundry operations into two entities: Fortitude Mining and Foundry. Fortitude will handle self-mining and infrastructure, while Foundry manages mining po...

Bitcoin miningImage depicting Hut 8 Bitcoin mining operations and production statistics.

Hut 8 Reports November Bitcoin Production Decrease

Hut 8's November operational update shows a slight decline in Bitcoin production, with 94 Bitcoins mined versus 100 in October. However, the company retains a significant reserve of 9,122 Bitcoins,...

Bitcoin MiningHut 8 Corp logo with a Bitcoin mining facility background.

Hut 8 Seeks Dismissal of Shareholder Lawsuit After Short-Seller Claims

Hut 8 Corp files to dismiss a class-action lawsuit influenced by a short-seller report alleging overpayment for USBTC. The crypto mining firm insists claims lack merit and highlights a significant ...

Bitcoin miningFoundry restructuring its workforce to enhance Bitcoin mining capabilities

Foundry Restructures Workforce to Focus on Core Bitcoin Mining Operations

Foundry, the largest Bitcoin mining pool, has announced a major workforce reduction of 27% as part of its strategic restructuring to focus on self-mining and site operations. This move comes amid p...

Bitcoin MiningCleanSpark's financial performance report highlighting revenue growth and net loss details.

CleanSpark Sees Revenue Surge of 125% Amidst Net Loss

CleanSpark reports impressive revenue growth of 125% to $378.9 million for the fiscal year ending September 30, 2024, despite a net loss of $145.8 million. The company's financial position includes...