Hut 8 notes $136 million in losses for 2018

Canadian cryptocurrency mining company Hut 8 has noted $136 million losses in 2018, according to its annual earnings report.

The losses were incurred despite Hut 8's boasts of “record” revenue—it earned $49.4 million from mining 5,592 bitcoins. Hut 8’s adjusted EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) equalled $19.3 million.

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