Bitcoin miner Hut 8 sees 72% jump in revenue, but $71.9 million net loss in Q2

Hut 8’s net losses totaled $71.9 million in the second quarter, largely due to a $71.8 million fair value adjustment on its holdings.The firm’s revenue jumped 72% year-over-year to $35.2 million largely driven by reduced mining costs and its growing alternative compute services business lines.