Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis

Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis


CoinGape
2024-03-06 22:22:52

Hut 8 Mining Corp, a leading player in the cryptocurrency mining industry, announced the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision comes in the wake of escalating energy costs and power disruptions, severely impacting the site’s profitability. This move is part of Hut 8’s broader strategy to navigate through The post Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis appeared first on CoinGape .


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.