Hut 8 sold about 2,148 Bitcoin in October, generating $175.4 million in net proceeds, and repurchased 2.38 million shares for $175.3 million. The company reported a 14.9% revenue decline in Q3 to $71.07 million, mainly due to asset sales and lower hosting revenue, but net income rose to $131 million from $50.11 million a year earlier. Bitcoin mining revenue fell as average revenue per Bitcoin dropped, though mining output increased. Hut 8 also expanded its share repurchase authorization to $1 billion, signaling confidence in its stock and future growth.
The story on Hut 8's financial moves provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 05, 2026 07:11 WIB: out of 50 priced major cryptocurrencies, 43 rose and 6 fell today. Notably, SXP dropped sharply by 46.27% to Rp37, contrasting with BAT and BAL which gained 14.52% to Rp2,659 and 11.14% to Rp16,297 respectively, showing a wide range of price movements and investor behaviors.
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