The Hut 8 majority-owned subsidiary reported on August 3 that it held approximately 8,002 BTC as of June 30, up 14% from 7,021 BTC three months earlier. Quarterly production reached a record 932 BTC, mining revenue increased 8% to $67.0 million, and net loss narrowed to $57.2 million from $81.8 million in the previous quarter. American Bitcoin also completed the full energization of 11,298 next-generation mining machines at Hut 8’s Drumheller facility in April. Chief Executive Mike Ho said the quarter strengthened the company’s long-term strategy of building its treasury through mining operations. Revenue Improves as Losses Continue to NarrowMining revenue increased to approximately $67.0 million from $62.1 million in the previous quarter.