GuShiio.com Bitcoin mining company Hut8 ‘s net income in 2024 was US$331 million, driven by rising Bitcoin prices. At the end of the year, the company held 10,171 bitcoins worth approximately US$905 million, most of which have been used as collateral for the purchase of ASIC mining machines. The company has reached a custody agreement with Bitmain, with expected annual revenue of US$125 million, and is cooperating in the development of a new generation of ASIC mining machines. At the same time, Hut8 ‘s Highrise AI signed a five-year GPU as a service agreement and received a US$150 million strategic investment from Coatue to support its AI business.（CoinDesk）
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