MIAMI (AP) — MIAMI (AP) — Hut 8 Corp. (HUT) on Wednesday reported a loss of $279.7 million in its fourth quarter.
The Miami-based company said it had a loss of $2.63 per share. Earnings, adjusted for non-recurring costs, came to 36 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The crypto currency mining company posted revenue of $88.5 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $97.5 million.
For the year, the company reported a loss of $226.1 million, or $2.14 per share. Revenue was reported as $235.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUT at https://www.zacks.com/ap/HUT
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