🚀 Hut 8 Surpasses Expectations! 🚀

- Hut 8, a Miami-based crypto mining firm, reported Q3 earnings with a revenue of $43.7M, beating the $35.1M forecast.

- Revenue was driven by crypto mining ($11.6M) and managed services ($20.8M).

- Energy costs dropped 33%, boosting profits.

- Mined 234 BTC, holding 9,106 BTC in reserve.

- CEO Asher Genoot announced a Bitmain partnership and AI scaling plans.

- Aiming for a 66% hashrate boost by 2025.

What do you think about Hut 8's growth strategy? Share your thoughts below! 💬