Hut 8 Mining Q4 Sales $31.694M Miss $38.735M Estimate
Hut 8 Mining press release (NASDAQ:HUT): Q4 Adjusted EBITDA for the three months ended December 31, 2024 was $310.6 million compared to $48.6 million for the prior year period.
Revenue of $31.7M (-18.5% Y/Y).
Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of $31.63, a 30% decrease from the fourth quarter of 2023.
Total energy capacity under management of 1,020 megawatts (“MW”) as of December 31, 2024.
12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.
Strategic Bitcoin reserve of 10,171 Bitcoin with a market value of $949.5 million as of December 31, 2024.
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