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Hut 8 Mining Corp. reported a 79% surge in hashrate for Q1 2025, even as the company posted a $134.3 million net loss. The growth comes amid strategic investments and the launch of its U.S. Bitcoin subsidiary.
- Hut 8's hashrate grew by 79% in Q1 2025 despite a $134.3M net loss.
- The company invested heavily in infrastructure, including a new U.S. Bitcoin subsidiary.
- CEO Asher Genoot expects returns on these investments to materialize in upcoming quarters.
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