Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps

The Toronto-based company’s loss widened to C$53.6 million ($39 million) from C$23.8 million, while sales slumped to C$17 million from $31.7 million in the year-earlier period, according to a statement on its website. The number of bitcoin mined in the quarter tumbled to 330 from 982.