In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario, due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from the facility to a site in Medicine Hat, Alberta. Pressed about progress by analysts on the company’s earnings call Thursday morning, Hut 8 CEO Jaime Leverton said the firm is assessing opportunities to energize the miners, but didn’t give any concrete alternatives.
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