Miner Hut 8 raised $ 8.3 million and refused to purchase Bitfury equipment
“We are proud themes, that they were able to close the first prospectus as a Canadian cryptocurrency company, and continue to secure leading position as one of the largest listed on exchange miners bitcoin“, – reported CEO Hut 8 Jimmy Wyopoulos.
Funding received will be used for purchasing new equipment. The company said it will be able to increase computing power more than a fifth up to 1,150 PH / s. At the same time, Hut 8’s share general hash bitcoin will approach 1%.
In April 2018, Hut 8 shares traded at $ 3.28 per unit. IN this march their price reached historical minimum about $ 0.43, and now it is $ 0.72. Q4 2019 of the year the company’s loss reached $ 116.6 million.
Low performance his business Hut 8 connects with the agreement she had with its largest investor by Bitfury. By conditions of this agreement, Hut 8 could enjoy only Bitfury equipment and because didn’t have access to faster competitor devices.
In January, the agreement It was changed so that now Hut 8 can purchase equipment from any company. Own choice it already made in favor of MicroBT. Most of the supplies new equipment is expected from July to November.