Hut 8’s mining profit, however, fell by more than half to C$14.9 million from the first quarter because of higher power costs and the decline in the price of bitcoin, the company said. The miner’s cost of mining each bitcoin rose 44% to C$25,900, which was about the same as it was in the second quarter of last year.
Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut
U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be...