Hut 8 Q3 net profit of 131 million USD, holding 16,787 BTC

According to the third quarter 10-Q filing submitted by the Bitcoin mining company Hut 8 to the U.S. SEC, the company's total revenue for the third quarter was $71.07 million, a year-on-year decrease of approximately 14.9%; the net profit attributable to Hut 8 was $131 million, compared to $50.11 million in the same period last year, with a diluted earnings per share of $0.98; the net loss attributable for the first nine months was $239 million.

As of September 30, Hut 8 (on a consolidated basis, including its subsidiary American Bitcoin) held 16,787 Bitcoins, with a book value of approximately $1.4 billion, of which 3,090 Bitcoins were pledged to Bitmain; the fair value change income of Bitcoin in the third quarter was approximately $414 million, and the realized gains from the sale of Bitcoin were approximately $39.94 million.