Canadian bitcoin mining and digital infrastructure company, Hut 8 Corp., has reported $80.7 million in revenue for 2024 from bitcoin mining and cloud services. The company has also expanded its bitcoin reserve to 10,171 BTC and secured a $125 million strategic ASIC miner partnership with Bitmain Technology. Hut 8 aims to increase its self-mining hashrate and play a significant role in the bitcoin and AI-powered compute sectors. Additionally, the company has launched a GPU-as-a-service subsidiary called Highrise AI and deployed a custom liquid-cooled ASIC mining system.



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