Canadian cryptocurrency miner Hut8 has released third-quarter results. AnnoucedThe goal was exceeded Set earlier in the yearHolding 5,000 BitcoinsBTC(in reserves from mining). For a total market worth $430million, its balance stands at 5,053.

Hut 8 earned 50.34 millions (CA$), which is approximately $40 million, in revenue. It also generated CA$23.37million (about $18.57million) in net income. This was an increase of CA$5.75m (around $4.57m) in revenue, and a loss in CA$0.90million (or $750,000) from the previous year’s quarter. A substantial number of Application-Specific Integrated Circuits (ASIC), machines is owned and operated by Hut 8. These ASIC machines can be used to mine Bitcoin. It also uses NVIDIA GPUs (NASDAQ:) to mine Bitcoins.ETH