Six months ago, we launched an ambitious restructuring program designed to center the business on operational excellence and bottom-line economics. This program has driven significant improvements to unit economics in our Digital Assets Mining segment despite the halving event in April.

"If there’s a takeaway, it’s this: We prioritize fundamentals above all else, and we invest capital only when we believe it will create enduring shareholder value. This philosophy has guided us in the past and it will continue to guide us in the future." - Asher Genoot, CEO of Hut 8