CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2024-03-06 18:24:54

Bitcoin miner HUT 8 shuts down mining site due to high energy costs

HUT 8, a key player in the Bitcoin mining industry, has announced the closure of its mining facility in Drumheller, Alberta, Canada, effective immediately. The company cited surging energy costs and power disruptions as the main reasons for the shutdown. The Drumheller facility, responsible for approximately 1.4% of HUT 8’s Bitcoin production but consuming about

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.