Hut 8 Mining, a listed mining company in North America, stated in its second-quarter financial report that its revenue for the quarter reached 43.84 million Canadian dollars (about 34.33 million U.S. dollars), a year-on-year increase of 30%, mainly due to the promotion of the company’s digital asset mining business. However, Hut 8 Mining posted a net loss of US$88.1 million (approximately US$69 million) in the second quarter, compared with a net loss of C$4 million in the same period in 2021, a change that reflects non-cash revaluation losses on digital assets, Partially offset by higher revenue and a non-cash revaluation gain on warrant liabilities.