{"id":29258,"date":"2023-05-11T05:48:43","date_gmt":"2023-05-11T12:48:43","guid":{"rendered":"https:\/\/coinnetworknews.com\/hut-8-hut-first-quarter-revenue-drops-64-as-btc-mining-difficulties-bite\/"},"modified":"2023-05-11T05:48:43","modified_gmt":"2023-05-11T12:48:43","slug":"hut-8-hut-first-quarter-revenue-drops-64-as-btc-mining-difficulties-bite","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/hut-8-hut-first-quarter-revenue-drops-64-as-btc-mining-difficulties-bite\/","title":{"rendered":"Hut 8 (HUT) First-Quarter Revenue Drops 64% as BTC Mining Difficulties Bite"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.coindesk.com\/resizer\/ylf5NxmB8hg7ReIGdB8z1K4rX50=\/800x600\/cloudfront-us-east-1.images.arcpublishing.com\/coindesk\/EINEXEPO4BG2XJ3LLIN64MY4PE\" \/><\/p>\n<div>\n<p>While the crypto mining industry is staring to emerge from a brutal crypto winter that saw major names like <a href=\"https:\/\/www.coindesk.com\/business\/2022\/09\/23\/troubled-data-center-compute-north-struggled-with-crypto-winter-then-its-relationship-with-a-major-lender-soured\/\">Compute North<\/a> and <a href=\"https:\/\/www.coindesk.com\/business\/2022\/12\/21\/inside-core-scientifics-prearranged-bankruptcy\/\">Core Scientific (CORZ)<\/a> file for chapter 11 bankruptcy protection, Hut 8 had to turn off about 8,000 machines in its Ontario facility due to a dispute with its energy provider in mid-November. Since then, it has managed to bring only about 1,000 back online.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.coindesk.com\/business\/2023\/05\/11\/hut-8-first-quarter-revenue-drops-64-as-bitcoin-mining-difficulties-bite\/?utm_medium=referral&#038;utm_source=rss&#038;utm_campaign=headlines\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the crypto mining industry is staring to emerge from a brutal crypto winter that saw major names like Compute North and Core Scientific (CORZ) file for chapter 11 bankruptcy protection, Hut 8 had to turn off about 8,000 machines in its Ontario facility due to a dispute with its energy provider in mid-November. Since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,55],"tags":[8687,594,4187,1529,7104,233,218,1088],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/29258"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=29258"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/29258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/29259"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=29258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=29258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=29258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}