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Home›Crypto›Market Structure›Hut 8 shares slip after mild Q2 revenue miss as AI pip…

Hut 8 shares slip after mild Q2 revenue miss as AI pipeline grows

CEO Asher Genoot said Hut 8 expects most future bitcoin exposure to come through its American Bitcoin subsidiary.

Reported · Written up by our desk · Market Structure

Hut 8 shares fell after the company reported a mild second-quarter revenue miss, even as it highlighted growth in an AI data center pipeline, according to The Block.

In remarks shared with The Block, Hut 8 CEO Asher Genoot said the company’s future bitcoin exposure will primarily come through its American Bitcoin subsidiary.

The Block reported that the comments tie Hut 8’s near-term operations and expansion plans to how it expects to maintain bitcoin-linked exposure over time.

Latest closeBitcoin $78,839.88 ▲1.4%

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Sources

The BlockHut 8 shares slip after mild Q2 revenue miss as AI data center pipeline grows

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