09:51 AM EDT, 03/28/2024 (MT Newswires) -- (The company has confirmed that it reports in USD, and not CAD. A corrected version of earlier story follows.)

Hut 8 Corp. ( HUT ) a North American Bitcoin miner, on Thursday reported that revenue was US$60.6 million in the six months ended December 31, 2023, up from $46.0 million in the six months ended December 31, 2022.

Net income improved to $6.2 million compared with a net loss of $81.3 million in the six months ended December 31, 2022.

Hut 8 ( HUT ) reported that cost to mine a Bitcoin for owned facilities, including the company's net share of the King Mountain JV, was $16,353, versus $16,447 for the six months ended December 31, 2022. Cost to mine including hosted miners was $18,815, versus $16,305 in the six months ended December 31, 2022.

As of December 31, 2023, Hut 8 ( HUT ) held 9,195 Bitcoin on its balance sheet, representing a market value of $388.1 million. As of February 29, 2024, it held 9,110 Bitcoin on its balance sheet, representing a market value of $557.3 million.

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