Crypto Miner Hut 8 Reports Surprise Q4 Loss
- Date: 19-Mar-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Crypto Miner Hut 8 Reports Surprise Q4 Loss
Canadian cryptocurrency miner Hut 8 Mining (HUT) reported a surprise fourth-quarter adjusted loss of C$0.67 ($0.53) per share on Thursday.
The average analyst estimate pointed to earnings of C$0.17 ($0.13), according to FactSet data.
The miner said that the loss was primarily due to noncash revaluation loss on liability warrants of $114.2 million, which was partially offset by increased revenue.
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