• bitcoinBitcoin (BTC) $ 108,101.00
  • ethereumEthereum (ETH) $ 2,520.93
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.23
  • bnbBNB (BNB) $ 654.75
  • solanaSolana (SOL) $ 148.14
  • usd-coinUSDC (USDC) $ 0.999858
  • tronTRON (TRX) $ 0.283452
  • dogecoinDogecoin (DOGE) $ 0.164015
  • staked-etherLido Staked Ether (STETH) $ 2,520.48
  • cardanoCardano (ADA) $ 0.574190
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,995.00
  • hyperliquidHyperliquid (HYPE) $ 38.89
  • wrapped-stethWrapped stETH (WSTETH) $ 3,044.16
  • suiSui (SUI) $ 2.89
  • bitcoin-cashBitcoin Cash (BCH) $ 483.40
  • chainlinkChainlink (LINK) $ 13.17
  • leo-tokenLEO Token (LEO) $ 9.02
  • avalanche-2Avalanche (AVAX) $ 17.86
  • usdsUSDS (USDS) $ 0.999839
  • stellarStellar (XLM) $ 0.237976
  • wrapped-eethWrapped eETH (WEETH) $ 2,700.07
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • the-open-networkToncoin (TON) $ 2.74
  • wethWETH (WETH) $ 2,520.40
  • litecoinLitecoin (LTC) $ 86.69
  • whitebitWhiteBIT Coin (WBT) $ 45.29
  • hedera-hashgraphHedera (HBAR) $ 0.152637
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 315.61
  • ethena-usdeEthena USDe (USDE) $ 0.999939
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,078.00
  • bitget-tokenBitget Token (BGB) $ 4.39
  • polkadotPolkadot (DOT) $ 3.35
  • uniswapUniswap (UNI) $ 7.26
  • aaveAave (AAVE) $ 272.14
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999899
  • pi-networkPi Network (PI) $ 0.449628
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.49
  • bittensorBittensor (TAO) $ 321.35
  • aptosAptos (APT) $ 4.40
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 179.83
  • nearNEAR Protocol (NEAR) $ 2.13
  • internet-computerInternet Computer (ICP) $ 4.76
  • crypto-com-chainCronos (CRO) $ 0.080579
  • ethereum-classicEthereum Classic (ETC) $ 16.32
  • ondo-financeOndo (ONDO) $ 0.778266
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • kaspaKaspa (KAS) $ 0.074773
  • fasttokenFasttoken (FTN) $ 4.44
  • mantleMantle (MNT) $ 0.562242
  • gatechain-tokenGate (GT) $ 15.16
  • cosmosCosmos Hub (ATOM) $ 4.00
  • vechainVeChain (VET) $ 0.020540
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.656511
  • official-trumpOfficial Trump (TRUMP) $ 8.53
  • bonkBonk (BONK) $ 0.000022
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,044.00
  • render-tokenRender (RENDER) $ 3.17
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.180656
  • skySky (SKY) $ 0.076319
  • ethenaEthena (ENA) $ 0.254777
  • arbitrumArbitrum (ARB) $ 0.324597
  • filecoinFilecoin (FIL) $ 2.24
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,520.58
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.46
  • algorandAlgorand (ALGO) $ 0.174844
  • worldcoin-wldWorldcoin (WLD) $ 0.872377
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997953
  • sei-networkSei (SEI) $ 0.263953
  • usdtbUSDtb (USDTB) $ 0.999668
  • kucoin-sharesKuCoin (KCS) $ 11.02
  • binance-staked-solBinance Staked SOL (BNSOL) $ 157.21
  • usdt0USDT0 (USDT0) $ 0.999856
  • jupiter-exchange-solanaJupiter (JUP) $ 0.442996
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.70
  • nexoNEXO (NEXO) $ 1.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,640.73
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,870.45
  • fartcoinFartcoin (FARTCOIN) $ 1.18
  • flare-networksFlare (FLR) $ 0.016737
  • spx6900SPX6900 (SPX) $ 1.21
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • injective-protocolInjective (INJ) $ 10.70
  • xdce-crowd-saleXDC Network (XDC) $ 0.064366
  • celestiaCelestia (TIA) $ 1.48
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.016266
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.54
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • sonic-3Sonic (S) $ 0.307307
  • blockstackStacks (STX) $ 0.645218
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,689.04
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,646.26
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,345.90
  • optimismOptimism (OP) $ 0.532112
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,087.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,864.00
  • wbnbWrapped BNB (WBNB) $ 655.01
  • paypal-usdPayPal USD (PYUSD) $ 0.999560
  • kaiaKaia (KAIA) $ 0.149031
  • dogwifcoindogwifhat (WIF) $ 0.857164
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,654.83
  • story-2Story (IP) $ 2.94
  • clbtcclBTC (CLBTC) $ 107,876.00
  • tether-goldTether Gold (XAUT) $ 3,336.46
  • the-graphThe Graph (GRT) $ 0.082840
  • immutable-xImmutable (IMX) $ 0.418186
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.23
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 166.07
  • flokiFLOKI (FLOKI) $ 0.000079
  • vaultaVaulta (A) $ 0.477077
  • msolMarinade Staked SOL (MSOL) $ 193.39
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,723.51
  • ousgOUSG (OUSG) $ 111.69
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.73
  • theta-tokenTheta Network (THETA) $ 0.685527
  • curve-dao-tokenCurve DAO (CRV) $ 0.494946
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997799
  • jito-governance-tokenJito (JTO) $ 1.94
  • lido-daoLido DAO (LDO) $ 0.721667
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013908
  • zcashZcash (ZEC) $ 38.28
  • aerodrome-financeAerodrome Finance (AERO) $ 0.720201
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.42
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.81
  • iotaIOTA (IOTA) $ 0.156412
  • bittorrentBitTorrent (BTT) $ 0.00000060
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,814.00
  • the-sandboxThe Sandbox (SAND) $ 0.241291
  • jasmycoinJasmyCoin (JASMY) $ 0.012118
  • usual-usdUsual USD (USD0) $ 0.997976
  • syrupMaple Finance (SYRUP) $ 0.543861
  • raydiumRaydium (RAY) $ 2.17
  • saros-financeSaros (SAROS) $ 0.218413
  • walrus-2Walrus (WAL) $ 0.410616
  • tbtctBTC (TBTC) $ 108,011.00
  • super-oethSuper OETH (SUPEROETH) $ 2,520.43
  • pyth-networkPyth Network (PYTH) $ 0.096378
  • pendlePendle (PENDLE) $ 3.34
  • tezosTezos (XTZ) $ 0.521799
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,519.09
  • falcon-financeFalcon USD (USDF) $ 0.999772
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,689.78
  • newton-projectAB (AB) $ 0.008124
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,604.08
  • flowFlow (FLOW) $ 0.322321
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,128.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,519.75
  • decentralandDecentraland (MANA) $ 0.259390
  • coredaoorgCore (CORE) $ 0.494294
  • true-usdTrueUSD (TUSD) $ 0.997034
  • ripple-usdRipple USD (RLUSD) $ 0.999735
  • staked-hypeStaked HYPE (STHYPE) $ 38.82
  • apecoinApeCoin (APE) $ 0.598969
  • bitcoin-svBitcoin SV (BSV) $ 24.02
  • chain-2Onyxcoin (XCN) $ 0.013763
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999800
  • venomVenom (VENOM) $ 0.219262
  • thorchainTHORChain (RUNE) $ 1.30
  • apenftAPENFT (NFT) $ 0.00000044
  • dexeDeXe (DEXE) $ 7.57
  • beldexBeldex (BDX) $ 0.060201
  • kavaKava (KAVA) $ 0.393369
  • morphoMorpho (MORPHO) $ 1.36
  • based-brettBrett (BRETT) $ 0.042615
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004224
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.164016
  • usddUSDD (USDD) $ 0.999858
  • heliumHelium (HNT) $ 2.23
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.999945
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006951
  • starknetStarknet (STRK) $ 0.111203
  • movementMovement (MOVE) $ 0.152075
  • stader-ethxStader ETHx (ETHX) $ 2,681.15
  • dydx-chaindYdX (DYDX) $ 0.512335
  • compound-governance-tokenCompound (COMP) $ 40.69
  • neoNEO (NEO) $ 5.37
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.995295
  • elrond-erd-2MultiversX (EGLD) $ 13.23
  • mog-coinMog Coin (MOG) $ 0.00000096
  • kaitoKAITO (KAITO) $ 1.54
  • conflux-tokenConflux (CFX) $ 0.072188
  • aioz-networkAIOZ Network (AIOZ) $ 0.309335
  • ecasheCash (XEC) $ 0.000018
  • deepDeepBook (DEEP) $ 0.145034
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,519.58
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,811.00
  • axie-infinityAxie Infinity (AXS) $ 2.15
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
  • build-onBUILDon (B) $ 0.349298
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,775.25
  • telcoinTelcoin (TEL) $ 0.003791
  • ether-fiEther.fi (ETHFI) $ 0.926141

Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

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Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

Bitcoin mining firm Hut 8 took $331 million in net income in 2024, according to the company’s latest financial report. The firm benefited significantly from the rise in bitcoin’s price over the year.

Hut 8 finished the year with a reserve of 10,171 bitcoin (BTC), worth approximately $905 million at the time of writing. The vast majority of this reserve has been pledged as collateral to purchase more ASIC mining machines.

The miner saw a sharp reduction in energy costs, with fourth-quarter costs per megawatt-hour dropping by 30% from the previous year to $31.63. While Hut 8 managed roughly 1,020 MW at the end of December, it has more than 12,300 MW in the pipeline.

The company deepened its relationship with Bitmain, one of the largest bitcoin mining firms in the world. Hut 8 secured a colocation deal from Bitmain that is expected to generate $125 million in annual revenue, it is also teaming up with the firm to develop a next-generation ASIC miner.

Hut 8 is increasing its AI infrastructure investments. Its subsidiary, Highrise AI, signed a five-year customer agreement for GPU-as-a-Service. The company also closed a $150 million strategic investment from Coatue to support AI development.

The company’s stock is down 7.25% on the day, bringing its valuation to $1.5 billion.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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