Mining Company H8 Raises $8,3M to Remain Competitive
Hut 8, a Canadian cryptocurrency mining company, raised $8.3 million from selling of a 6% equity stake to investors. The initial goal was $800,000, iHodl Russia reports. The investment funds will reportedly allow Hut 8 to remain competitive, while smaller mining companies with old equipment face difficulties due to the bitcoin halving, which happened on May 11, 2020.
