Streetbeat News

HUT

Hut 8 Mining Corp.

https://hut8mining.com

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

18.47

Mkt cap

1.7B

Volume

6.1M

High

19.43

P/E Ratio

-24.32

52-wk high

21.10

Low

18.30

Div yield

N/A

52-wk low

6.18

Crypto-related stocks, including COIN, HUT, MARA, and RIOT, are trading lower due to a decrease in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:33 pm

Needham analyst John Todaro reiterates a Buy rating on Hut 8 (NASDAQ:HUT) and maintains a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:13 am

Kodiak Sciences Inc. shares fell by around 20% after reporting a wider-than-expected Q4 loss. Other stocks showed significant movement, with Avalo Therapeutics leading gainers with a 430% jump after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing. Losers included Primech Holdings, falling 46.7% after issuing financial updates. The market saw a mix of positive and negative movements across various sectors.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 6:08 pm

HC Wainwright & Co. analyst Mike Colonnese maintains a Sell rating on Hut 8 (NASDAQ:HUT) but raises the price target from $7 to $9.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:18 pm

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a $3.5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:01 pm

Hut 8 Corp (NASDAQ:HUT) reported a significant increase in revenue and EPS for the six months ended December 31, 2023, following its merger with US Bitcoin Corp to form a U.S.-domiciled entity. The company mined 1,244 Bitcoins and reported a substantial increase in adjusted EBITDA. HUT shares surged 21.6% to $11.99. Investors can also gain exposure through VanEck Digital Transformation ETF (NASDAQ:DAPP) and SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 4:33 pm

Hut 8 Corp shares are trading higher following the release of their financial results for the six months ended Dec. 31.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:13 pm

REX American Resources Corporation (NYSE:REX) reported quarterly GAAP earnings of $1.16 per share, surpassing estimates of 68 cents, causing its shares to jump 23.2% to $54.15. Other stocks also saw significant gains, including Avalo Therapeutics, Inc. (NASDAQ:AVTX) with a 430% increase after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing of up to $185 million. Various companies across different sectors recorded gains in their stock prices following positive earnings reports, acquisitions, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 3:00 pm

Hut 8 Corp reported a revenue of $60.6M for the six months ended December 31, 2023, marking a 32% increase year-over-year. The company also reported an EPS of $0.11.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:32 am

Earnings reports for March 28, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Walgreens Boots Alliance and MSC Industrial Direct Co anticipate earnings, while others like Shimmick and Affimed project losses. The diversity of industries, from healthcare to technology and finance, highlights the varied performance within the market.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 9:24 am

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