press release

Hut 8 Streamlines Operations with Closure of Drumheller Site

Mar 6, 2024
Posted by  Hut 8

  • Company to move efficient miners to Medicine Hat site
  • Plan expected to improve cash flow, decrease cost to mine a Bitcoin, and drive pro forma increase in Bitcoin mined per EH of approximately 11%
  • Company to maintain lease with option value of re-energizing site under favorable market conditions
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