Bitfury current holds 37.2 million shares of Hut 8.
Miners are “scrambling” for any available machines as manufacturers stay sold out.
Square will dedicate $10 million to the development of clean bitcoin mining technologies.
The company acquired nearly 18,000 new ASICs in an all-stock transaction.
Nearly 11% of revenue came from fees, down slightly from October.
Hive shares have gained over 1,200% in 2020 and trade near $1.22 over the counter.
Mining companies are soaring as bitcoin hits record highs.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.
Shares of the mining company surged to $6.60 Friday.
Marathon is holding more bitcoin on its balance sheet than ever before.
Hut 8 mining revenue has fallen for five consecutive quarters.
After moving machines out of Sichuan, miners are bringing ASICs back online.
Riot reported a current mining capacity of 556 petahash per second.
The Vancouver firm is targeting 1,000 PH/s in the next 12 months.
Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.