Hut 8 Mining Q2 Sales $35.22M Miss $65.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Mining reported Q2 sales of $35.22 million, significantly missing the estimated $65.47 million.
August 13, 2024 | 10:31 am
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NEGATIVE IMPACT
Hut 8 Mining reported Q2 sales of $35.22 million, significantly missing the estimated $65.47 million. This substantial miss is likely to negatively impact the stock price in the short term.
The significant miss in sales compared to estimates is likely to lead to a negative market reaction, putting downward pressure on Hut 8 Mining's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100