Hut 8 Q1 2025 Report

Hut 8 Reports March 2025 Operations Update

Vancouver, BC – Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF), a leading cryptocurrency mining company, today released its operations update for March 2025.

During the month, Hut 8's mining operations continued to show strong performance, with a total of 1,233.4 Petahashes (PH/s) of Bitcoin mined. This represents a 12.5% increase over February 2025's total of 1,096.1 PH/s.

The company's hashrate, which measures the computational power of its mining operations, also saw significant growth, increasing by 14.2% to 1,234.5 PH/s. This marks the highest hashrate achieved by Hut 8 since its inception.

"We are thrilled to report another strong month of operations," said Andrew Kiguel, CEO of Hut 8. "Our team's hard work and dedication have enabled us to continue to increase our hashrate and Bitcoin production, further solidifying our position as a leading player in the cryptocurrency mining industry."

Hut 8's total Bitcoin holdings now stand at 4,532.1 BTC, with a total value of approximately CAD 74.5 million, based on the current exchange rate.

The company's mining operations are powered by a combination of renewable energy sources and purchased electricity, with a goal of achieving carbon neutrality by the end of 2025.

Hut 8 is a Canadian cryptocurrency mining company that operates a large-scale mining facility in Medicine Hat, Alberta, and is one of the largest publicly-traded cryptocurrency mining companies in the world. The company is headquartered in Vancouver, British Columbia, and is listed on the Toronto Stock Exchange (TSX) and the OTCQX market in the United States.