Hut 8 unexpectedly flips to GAAP profit in Q2 on digital asset gains

2 hours ago 1
Cryptocurrency mining rigs in a data center

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Hut 8 Corp. (NASDAQ:HUT) on Thursday delivered GAAP profitability for the second quarter as "we delivered strong revenue and margin performance while advancing a fundamental shift in our asset commercialization profile," said CEO Asher Genoot.

Q2 GAAP EPS of $1.18, blowing past

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