• bitcoinBitcoin (BTC) $ 82,957.00
  • ethereumEthereum (ETH) $ 1,793.40
  • tetherTether (USDT) $ 0.999564
  • xrpXRP (XRP) $ 2.10
  • bnbBNB (BNB) $ 589.07
  • solanaSolana (SOL) $ 119.36
  • usd-coinUSDC (USDC) $ 0.999860
  • dogecoinDogecoin (DOGE) $ 0.165245
  • cardanoCardano (ADA) $ 0.639159
  • tronTRON (TRX) $ 0.237760
  • staked-etherLido Staked Ether (STETH) $ 1,790.19
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,775.00
  • leo-tokenLEO Token (LEO) $ 9.08
  • the-open-networkToncoin (TON) $ 3.29
  • chainlinkChainlink (LINK) $ 12.65
  • usdsUSDS (USDS) $ 0.999959
  • wrapped-stethWrapped stETH (WSTETH) $ 2,142.20
  • stellarStellar (XLM) $ 0.249580
  • avalanche-2Avalanche (AVAX) $ 17.31
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • suiSui (SUI) $ 2.17
  • hedera-hashgraphHedera (HBAR) $ 0.158041
  • litecoinLitecoin (LTC) $ 81.74
  • mantra-daoMANTRA (OM) $ 6.24
  • polkadotPolkadot (DOT) $ 3.93
  • bitcoin-cashBitcoin Cash (BCH) $ 295.63
  • bitget-tokenBitget Token (BGB) $ 4.42
  • ethena-usdeEthena USDe (USDE) $ 0.999325
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998085
  • wethWETH (WETH) $ 1,793.62
  • pi-networkPi Network (PI) $ 0.638520
  • wrapped-eethWrapped eETH (WEETH) $ 1,904.37
  • whitebitWhiteBIT Coin (WBT) $ 28.00
  • moneroMonero (XMR) $ 214.75
  • hyperliquidHyperliquid (HYPE) $ 11.55
  • uniswapUniswap (UNI) $ 5.87
  • okbOKB (OKB) $ 54.45
  • daiDai (DAI) $ 0.999921
  • susdssUSDS (SUSDS) $ 1.05
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.79
  • nearNEAR Protocol (NEAR) $ 2.41
  • gatechain-tokenGate (GT) $ 22.40
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,928.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.31
  • ondo-financeOndo (ONDO) $ 0.794485
  • crypto-com-chainCronos (CRO) $ 0.091178
  • mantleMantle (MNT) $ 0.739592
  • internet-computerInternet Computer (ICP) $ 5.02
  • ethereum-classicEthereum Classic (ETC) $ 15.83
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • aaveAave (AAVE) $ 148.30
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995168
  • cosmosCosmos Hub (ATOM) $ 4.75
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • vechainVeChain (VET) $ 0.021750
  • bittensorBittensor (TAO) $ 216.22
  • official-trumpOfficial Trump (TRUMP) $ 9.03
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,667.00
  • fasttokenFasttoken (FTN) $ 4.03
  • ethenaEthena (ENA) $ 0.311649
  • filecoinFilecoin (FIL) $ 2.65
  • kaspaKaspa (KAS) $ 0.063634
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.185343
  • render-tokenRender (RENDER) $ 3.07
  • algorandAlgorand (ALGO) $ 0.180054
  • celestiaCelestia (TIA) $ 2.61
  • sonic-3Sonic (prev. FTM) (S) $ 0.480499
  • arbitrumArbitrum (ARB) $ 0.304111
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,739.00
  • kucoin-sharesKuCoin (KCS) $ 9.64
  • eosEOS (EOS) $ 0.748478
  • optimismOptimism (OP) $ 0.685478
  • makerMaker (MKR) $ 1,343.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.070023
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.422894
  • story-2Story (IP) $ 4.24
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,790.06
  • jupiter-exchange-solanaJupiter (JUP) $ 0.380918
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,863.03
  • nexoNEXO (NEXO) $ 1.02
  • usdt0USDT0 (USDT0) $ 0.999718
  • binance-staked-solBinance Staked SOL (BNSOL) $ 124.57
  • blockstackStacks (STX) $ 0.606263
  • movementMovement (MOVE) $ 0.373296
  • worldcoin-wldWorldcoin (WLD) $ 0.734628
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,029.72
  • dexeDeXe (DEXE) $ 14.95
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998782
  • bonkBonk (BONK) $ 0.000011
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999221
  • usual-usdUsual USD (USD0) $ 0.997708
  • flare-networksFlare (FLR) $ 0.013084
  • injective-protocolInjective (INJ) $ 8.13
  • sei-networkSei (SEI) $ 0.161299
  • the-graphThe Graph (GRT) $ 0.081469
  • theta-tokenTheta Network (THETA) $ 0.767870
  • tether-goldTether Gold (XAUT) $ 3,051.25
  • immutable-xImmutable (IMX) $ 0.415743
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,322.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • lido-daoLido DAO (LDO) $ 0.813378
  • wbnbWrapped BNB (WBNB) $ 588.18
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,907.24
  • pax-goldPAX Gold (PAXG) $ 3,062.43
  • tezosTezos (XTZ) $ 0.648229
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,863.00
  • walrus-2Walrus (WAL) $ 0.514673
  • galaGALA (GALA) $ 0.014565
  • the-sandboxThe Sandbox (SAND) $ 0.258364
  • kaiaKaia (KAIA) $ 0.107419
  • curve-dao-tokenCurve DAO (CRV) $ 0.477024
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999771
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • berachain-beraBerachain (BERA) $ 5.73
  • bitcoin-svBitcoin SV (BSV) $ 30.57
  • zcashZcash (ZEC) $ 37.72
  • iotaIOTA (IOTA) $ 0.163051
  • flowFlow (FLOW) $ 0.368729
  • msolMarinade Staked SOL (MSOL) $ 153.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,867.28
  • jito-governance-tokenJito (JTO) $ 1.75
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999686
  • honey-3Honey (HONEY) $ 0.999978
  • flokiFLOKI (FLOKI) $ 0.000055
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.75
  • raydiumRaydium (RAY) $ 1.75
  • heliumHelium (HNT) $ 2.78
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 130.98
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.97
  • true-usdTrueUSD (TUSD) $ 0.998098
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999655
  • pendlePendle (PENDLE) $ 3.04
  • jasmycoinJasmyCoin (JASMY) $ 0.010079
  • pumpbtcpumpBTC (PUMPBTC) $ 81,583.00
  • fartcoinFartcoin (FARTCOIN) $ 0.469404
  • pyth-networkPyth Network (PYTH) $ 0.129455
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999666
  • dydx-chaindYdX (DYDX) $ 0.601624
  • beldexBeldex (BDX) $ 0.066917
  • resolv-usrResolv USR (USR) $ 0.999548
  • spx6900SPX6900 (SPX) $ 0.491964
  • decentralandDecentraland (MANA) $ 0.242016
  • infrared-beraInfrared Bera (IBERA) $ 5.78
  • grassGrass (GRASS) $ 1.66
  • kavaKava (KAVA) $ 0.404461
  • axie-infinityAxie Infinity (AXS) $ 2.71
  • telcoinTelcoin (TEL) $ 0.004715
  • coredaoorgCore (CORE) $ 0.428234
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,903.83
  • apenftAPENFT (NFT) $ 0.00000043
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.164786
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,897.00
  • clbtcclBTC (CLBTC) $ 83,123.00
  • conflux-tokenConflux (CFX) $ 0.081331
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998661
  • ousgOUSG (OUSG) $ 110.58
  • saros-financeSaros (SAROS) $ 0.153202
  • olympusOlympus (OHM) $ 24.58
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,793.75
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007180
  • starknetStarknet (STRK) $ 0.138035
  • roninRonin (RON) $ 0.641849
  • elrond-erd-2MultiversX (EGLD) $ 14.14
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,793.70
  • chilizChiliz (CHZ) $ 0.041134
  • compound-governance-tokenCompound (COMP) $ 43.40
  • super-oethSuper OETH (SUPEROETHB) $ 1,792.96
  • thorchainTHORChain (RUNE) $ 1.09
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • ecasheCash (XEC) $ 0.000019
  • dogwifcoindogwifhat (WIF) $ 0.378372
  • tbtctBTC (TBTC) $ 82,574.00
  • arweaveArweave (AR) $ 5.55
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,870.33
  • wormholeWormhole (W) $ 0.079890
  • neoNEO (NEO) $ 5.10
  • apecoinApeCoin (APE) $ 0.437962
  • fraxFrax (FRAX) $ 0.999280
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.534752
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • beam-2Beam (BEAM) $ 0.006455
  • plumePlume (PLUME) $ 0.167563
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.790919
  • matic-networkPolygon (MATIC) $ 0.185483
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.996457
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,806.31
  • solayerSolayer (LAYER) $ 1.53
  • axelarAxelar (AXL) $ 0.334731
  • layerzeroLayerZero (ZRO) $ 2.83
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • justJUST (JST) $ 0.031456
  • chain-2Onyxcoin (XCN) $ 0.009368
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,789.64
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • usddUSDD (USDD) $ 0.998498
  • amp-tokenAmp (AMP) $ 0.003606
  • gnosisGnosis (GNO) $ 115.44
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 82,445.00

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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