According to Odaily, Bitcoin mining company Hut 8 has released its financial report for 2024, revealing a net income of $331 million and revenue of $162 million, driven by the rise in Bitcoin prices. By the end of 2024, Hut 8 held 10,171 Bitcoins, valued at approximately $905 million at current prices. Most of these holdings have been used as collateral to acquire additional ASIC mining machines.

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