Hut 8 CEO Jaime Leverton stated during a financial report conference call that the company is not simply focused on pursuing computing power and mining operations, but will continue to diversify its business. Leverton emphasized that this strategy is particularly important before the next Bitcoin halving. For example, the company entered the high-performance computing (HPC) field by acquiring wireless connectivity company TerraGo in January 2022.

According to previous reports, Bitcoin mining company Hut 8 Mining released its Q2 financial report, with quarterly revenue of $19.1 million, of which $4.2 million came from HPC business. As of June 30, 2023, Hut 8 had mined 399 Bitcoins in the second quarter.