Crypto mining company Hut 8 announces the closure of its factory in Drumheller, Alberta, Canada
Cryptocurrency mining company Hut 8 has announced the closure of its factory located in Delaney, Alberta, Canada. Delaney will immediately stop operating as a Bitcoin mining facility. Efficient mining machines, equivalent to about 130 PH/s of computing power, will be transferred to Medicine Hat and activated in March, while old and inefficient mining machines will be retired. The transfer of efficient mining machines and retirement of inefficient mining machines will improve Hut 8's cash flow and reduce Bitcoin mining costs, with an expected increase of about 11% in the amount of Bitcoin that can be mined per EH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
