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CoinGape
2024-03-06 22:22:52

Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis

Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis

Hut 8 Mining Corp, a leading player in the cryptocurrency mining industry, announced the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision comes in the wake of escalating energy costs and power disruptions, severely impacting the site’s profitability. This move is part of Hut 8’s broader strategy to navigate through The post Hut 8 Shuts Down Alberta Bitcoin Mine Amid Energy Crisis appeared first on CoinGape .

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