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Hut 8: Energy Crisis, Ethereum Merge Slam Production By 25%

Hut 8: Energy Crisis, Ethereum Merge Slam Production By 25% (NASDAQ:HUT)

It’s really all about mining costs and production. Hut 8’s () adjusted operating costs per coin, excluding depreciation, went from about $13,100 in the first quarter this year, to $18,900 in the second quarter. The company’s Bitcoin ( BTC-USD) equivalent production for the first quarter was 942, with the second quarter coming in flat at 946.








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