Cointime

Download App
iOS & Android

Hut 8: 9,122 BTC in balance sheet as of November 2024

Hut 8, a Bitcoin mining company listed on NASDAQ, released its November operational update report, which disclosed a mining output of 94 BTC in November, slightly lower than the 100 BTC in October. In addition, the company holds 9122 BTC on its balance sheet as of November 2024.

Comments

All Comments

Recommended for you

  • Trump Claims Strait is Open, US Officials Say Iran's Leverage is Diminishing

    On August 28, it was reported that since the outbreak of war at the end of February, the Strait of Hormuz has been Iran's most powerful leverage. However, US officials stated that over the past two months, the US military has gradually weakened Iran's control over this critical waterway. They believe that the situation in the Strait of Hormuz has been reversed and that this could become a turning point in the war, potentially easing the global economy and paving the way for a better agreement with Iran. In a phone interview with Axios on Thursday, US President Trump stated, 'It's open there (the Strait of Hormuz), and Iran's response has been very mild. They do not want us to take action against them again. That's the key. Everything else is unimportant.' It is reported that after the breakdown of the US-Iran memorandum, the US military began taking unilateral actions to reopen the Strait of Hormuz. These actions include the formation of a task force in cooperation with the UAE to guide ships through the southern route of the Strait while providing aerial cover and intercepting drone and cruise missile attacks launched by Iran. A two-week bombing campaign significantly weakened the capabilities of the Iranian Revolutionary Guard to attack vessels passing through the strait. A mine-clearing operation involved Navy divers, SEALs, underwater and surface drones, and private contractors to detect and eliminate mines. The blockade of Iranian ports has been restored.
  • Trump Claims Strait is Open, US Officials Say Iran's Leverage is Diminishing

    On August 28, news emerged that since the outbreak of war in late February, the Strait of Hormuz has been Iran's most powerful leverage. However, US officials stated that over the past two months, the US military has gradually weakened Iran's control over this critical waterway. They believe that the situation in the Strait of Hormuz has been reversed, which could become a turning point in the war, potentially easing the global economy and paving the way for a better agreement with Iran. In a phone interview with Axios on Thursday, US President Trump stated, 'It’s open over there (the Strait of Hormuz), and Iran’s response has been very mild. They don’t want us to take action against them again. That’s the key. Everything else is unimportant.' Following the breakdown of the US-Iran memorandum, the US military began unilateral actions to reopen the Strait of Hormuz. These actions include the establishment of a task force in cooperation with the UAE to guide ships through the southern channel of the Strait, providing aerial cover for vessels, and intercepting drone and cruise missile attacks launched by Iran. A two-week bombing campaign significantly weakened the capabilities of the Iranian Revolutionary Guard to attack vessels passing through the Strait. A mine-clearing operation involved Navy divers, SEALs, underwater and surface drones, and private contractors to detect and remove mines. The blockade of Iranian ports has been restored.
  • Japan Invests $96.4 Billion in One Month to Support Yen, Record Intervention Scale

    On August 28, Japan invested a record $96.4 billion over the past month to support the yen, which had previously fallen to its lowest level in 40 years. This underscores the Japanese authorities' willingness to take increasingly strong measures to support the yen's exchange rate. Data released by the Japanese Ministry of Finance on Friday showed that from July 30 to August 26, the Japanese government intervened in the foreign exchange market with a total of 15.4 trillion yen, setting a record for monthly intervention amounts. This intervention was also supported by the United States, further warning speculators not to bet on a decline in the yen. Japanese Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen confirmed in early August that the two countries coordinated their intervention on July 31. Both officials stated that they are prepared to intervene in the market again without hesitation if necessary. The funds contributed by the U.S. are not included in the data released by the Japanese Ministry of Finance and are expected to be smaller in scale, but their symbolic significance is more important.
  • Japan Injects $96.4 Billion in a Month to Support Yen, Setting Record Intervention Scale

    On August 28, Japan invested a record $96.4 billion in the past month to support the yen, which had previously fallen to its lowest level in 40 years. This underscores the willingness of Japanese authorities to take increasingly strong measures to support the yen's exchange rate. Data released by the Japanese Ministry of Finance on Friday showed that from July 30 to August 26, the Japanese government injected a total of 15.4 trillion yen into the foreign exchange market, setting a record for monthly intervention amounts. This intervention action was also supported by the United States, further warning speculators not to bet on a decline in the yen. Japanese Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen confirmed at the beginning of August that the two countries coordinated their intervention on July 31. Both officials stated that they are prepared to intervene in the market again without hesitation if necessary. The funds contributed by the U.S. are not included in the data released by the Japanese Ministry of Finance and are expected to be smaller in scale, but their symbolic significance is more important.
  • Changxin Technology: Net Profit of 77.605 Billion Yuan in First Half of Year, Turning Losses into Profits Year-on-Year

    On August 28, Changxin Technology announced that its operating revenue for the first half of 2026 reached 150.31 billion yuan, a year-on-year increase of 873.64%. The net profit attributable to shareholders of the listed company was 77.605 billion yuan, compared to a loss of 2.332 billion yuan in the same period of 2025, marking a turnaround to profitability.
  • Changxin Technology: Net Profit of 77.605 Billion Yuan in First Half of Year, Turning Losses into Profits

    On August 28, Changxin Technology announced that its operating revenue for the first half of 2026 reached 150.31 billion yuan, a year-on-year increase of 873.64%. The net profit attributable to shareholders of the listed company was 77.605 billion yuan, compared to a loss of 2.332 billion yuan in the same period of 2025, marking a turnaround from losses to profits. (Jin Shi)
  • Market News: Japan's Forex Intervention Reaches Record 15.4 Trillion Yen in the Past Month

    Market news: Japan's forex intervention has reached a record 15.4 trillion yen in the past month. (Jin Shi)
  • Market News: Japan's Foreign Exchange Intervention Reaches Record 15.4 Trillion Yen in the Past Month

    Market news: Japan's foreign exchange intervention has reached a record 15.4 trillion yen in the past month. (Jin Ten)
  • SK Hynix CEO: Storage Shortage to Last Until End of 2030, HBM Demand Will Not Plummet Even in Downturn

    On August 28, SK Hynix CEO Lee Seok-hee stated at a press conference, "We expect the current market conditions to persist until the end of 2030. At present, we do not see any clear signals indicating that the market will enter a downturn." Lee also pointed out that even if the storage market faces a downturn in the future, the likelihood of a drastic decline similar to past cycles is very low: "In previous downturns, the storage business was essentially 100% a commodity, with manufacturers primarily competing through capacity expansion. However, for HBM, customers and semiconductor manufacturers collaborate closely in chip development, which requires both parties to work together to maximize performance, making market demand easier to predict."
  • SK Hynix CEO: Storage Shortage to Last Until End of 2030, HBM Demand Will Not Plummet Even in Downturns

    On August 28, SK Hynix CEO Lee Seok-hee stated at a press conference, "We expect the current market situation to continue until the end of 2030. Currently, we do not see any clear signals indicating that the market is entering a downturn." Lee also pointed out that even if the storage market experiences a downturn in the future, the likelihood of a drastic decline similar to past downturns is very low: "In previous downturn cycles, the storage business was essentially 100% a commodity, and manufacturers primarily engaged in homogeneous competition by expanding capacity. However, for HBM, customers and semiconductor manufacturers participate together in chip development, and both parties must work closely to maximize performance, making market demand easier to predict."