Streetbeat News

HUT

Hut 8 Mining Corp.

Industry

Financial - Capital Markets

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.

Open

28.10

Mkt cap

2.6B

Volume

8.4M

High

29.73

P/E Ratio

-34.16

52-wk high

31.95

Low

27.30

Div yield

N/A

52-wk low

6.18

Hut 8 Corp. has increased its Bitcoin reserve to over $1 billion by purchasing $100 million worth of Bitcoin. This strategic move supports their innovative financing model for fleet upgrades.

Portfolio Pulse from

December 19, 2024 | 11:45 am

Hut 8 Corp. board member Amy Wilkinson has been recognized by the NACD in the 2024 Directorship 100 for her excellence in corporate governance.

Portfolio Pulse from

December 18, 2024 | 11:45 am

Hut 8 (HUT) has broken above its 20-day moving average, indicating a potential short-term bullish trend. This technical breakout suggests that HUT could be a favorable stock pick.

Portfolio Pulse from

December 12, 2024 | 3:45 pm

Wall Street analysts predict a 26.03% upside for Hut 8 (HUT) stock, with strong consensus on raising earnings estimates, indicating potential growth.

Portfolio Pulse from

December 11, 2024 | 4:00 pm

Hut 8, a major Bitcoin mining company, has released its operations update for November 2024, highlighting its activities and performance in the energy infrastructure and Bitcoin mining sectors.

Portfolio Pulse from

December 05, 2024 | 9:45 pm

Hut 8 Corp. announced new ATM and stock repurchase programs, indicating strategic financial maneuvers to optimize capital structure and shareholder value.

Portfolio Pulse from

December 04, 2024 | 2:00 pm

Ionic Digital has terminated its Amended and Restated Management Services Agreement with Hut 8 without incurring a $22.5 million termination fee. The company aims to work constructively with Hut 8 for an orderly transition.

Portfolio Pulse from

December 04, 2024 | 2:00 pm

Wall Street analysts have set an average price target for Hut 8 (HUT) that suggests a potential upside of 28.5%. Despite some skepticism about the reliability of this metric, positive earnings estimate revisions could support a stock price increase.

Portfolio Pulse from

November 22, 2024 | 4:15 pm

Hut 8 reported $43.7 million in revenue for Q3 2024. Managed Services saw a significant boost due to a $13.5 million payment from MARA. However, Digital Mining revenue decreased by 25% year over year, and HPC revenue was $3.4 million.

Portfolio Pulse from

November 13, 2024 | 11:00 pm

Hut 8 Corp. held its Q3 2024 earnings call, discussing financial results and providing an opportunity for questions from analysts.

Portfolio Pulse from

November 13, 2024 | 4:30 pm

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