Hut8, a prominent Bitcoin mining firm trading on the Nasdaq, released its Q1 financial results, revealing significant Bitcoin holdings despite a net loss. The company reported revenue of $21.8 million. A key highlight was Hut8's strategic Bitcoin reserve, totaling 10,264 BTC. Valued at approximately $847.2 million as of March 31st, this substantial holding underscores the company's long-term commitment to Bitcoin. This equates to roughly $830 million at today's prices, factoring in recent market fluctuations. While the company faced a net loss of $134 million in Q1, its strong Bitcoin treasury positions it favorably for future growth as the cryptocurrency market matures. Hut8 continues to be a major player in the Bitcoin mining sector. ```

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