Companies targeting the uptake of cryptocurrencies around the world have tumbled sharply, and are now among those businesses hit the hardest by this year’s global sharemarket rout.
Hut 8 Mining is another pure play cryptocurrency company that has declined sharply. The business specialises in the practice of mining bitcoin and ethereum, earning small sums by facilitating transactions on the blockchain. The company provides a range of payments services and in 2018 began offering trading in bitcoin through its cash app. In October 2020, Block purchased $US50 million in bitcoin and in November last year Jack Dorsey, Block’s founder,
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