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Bitcoin miners Hut 8, Bitfarms and HIVE Digital report Q3 earnings The Block 13 Nov 2024

Bitcoin miners Hut 8, Bitfarms and HIVE Digital report Q3 earnings 💰

Bitcoin Hut 8 Bitfarms HIVE Digital

During the third quarter, several publicly traded bitcoin mining companies, including Hut 8, Bitfarms, and HIVE Digital, have disclosed their earnings. These reports come as the industry is navigating the challenging economic landscape following the recent bitcoin halving event.

The bitcoin halving, which occurs approximately every four years, reduces the reward miners receive for validating transactions, impacting their profit margins. As a result, miners are looking to optimize operations and reduce costs to maintain profitability.

Source: www.theblockcrypto.com ↗

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