Bitcoin miner HUT 8 shuts down mining site due to high energy costs

HUT 8, a key player in the Bitcoin mining industry, has announced the closure of its mining facility in Drumheller, Alberta, Canada, effective immediately. The company cited surging energy costs and power disruptions as the main reasons for the shutdown. The Drumheller facility, responsible for approximately 1.4% of HUT 8’s Bitcoin production but consuming about […] source: https://www.cryptopolitan.com/hut-8-shuts-down-mining-site/