WS #16961
Holding: newest synthesis is 3d 17h old
Trump-backed American Bitcoin miner Hut 8 has turned a profit, driven by a $197 million gain on its Bitcoin holdings. This highlights the improving profitability of Bitcoin miners as the asset price stabilizes, potentially supporting the crypto mining sector. However, the broader crypto market remains volatile, with Bitcoin still near its lowest level since mid-September.
Crypto & Mining Profitability
Trump-backed American Bitcoin miner Hut 8 has turned a profit, driven by a $197 million gain on its Bitcoin holdings. This highlights the improving profitability of Bitcoin miners as the asset price stabilizes, potentially supporting the crypto mining sector. However, the broader crypto market remains volatile, with Bitcoin still near its lowest level since mid-September.