Bitcoin mining company Hut 8 Mining's second quarter revenue was about $27 million, four times that of the same period last year

According to BlockBeats, on August 13, Canadian Bitcoin mining company Hut 8 Mining said that its revenue in the second quarter reached 33.5 million Canadian dollars (about 27 million US dollars), about four times that of the same period last year. The company's operating profit tripled to 8.1 million Canadian dollars (about 6.5 million US dollars). The company predicts that with the deployment of new mining machines, it will mine up to 22 bitcoins per day in the fourth quarter, and predicts that 14-16 bitcoins will be produced per day in the third quarter. By the end of this year, it estimates that 144 MW of electricity will be available for mining; by the end of 2022, it is expected to grow by 45% to 209 MW.