Bitcoin Miner Hut 8 Reveals $136 Million Losses for 2018, Eyes Market Uptrend
The Canadian mining giant suffered during last year’s “crypto winter” but remains upbeat about the future.
Hut 8, which counts itself as one of the world’s largest publicly-traded cryptocurrency mining companies, saw 2018 revenue hit $49.4 million.
The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) for the year was $19.3 million. Losses amounted to $136.7 million.