Wu learned that Bitcoin mining company Hut8 released its third-quarter financial report on November 4th, reporting quarterly revenue of $71.1 million, a year-on-year decrease of approximately 15%; net profit was $189.5 million, compared to $50.6 million in the same period last year, with approximately $413.8 million of the profit primarily from unrealized gains on digital assets. Adjusted EBITDA was $33 million. Hut8 stated that it sold approximately 954 BTC in the third quarter, obtaining approximately $74.8 million, which was used to repurchase $74.7 million worth of shares; after the quarter ended, it sold approximately 2,148 BTC, further repurchasing approximately $175.3 million worth of shares. The company is currently accelerating its expansion into the AI data center business, with its AI data center portfolio expected to have a total underlying contract value of approximately $26.6 billion, and has secured a $1.07 billion revolving credit facility. https://(wublock123.com)/news/hut-8-q3-revenue-down-15pc-sells-3102-btc-for-buyback-71324