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, MSTR, and RIOT are trading lower due to a decline in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:05 am

Craig-Hallum analyst George Sutton has maintained a Hold rating on Hut 8 (NASDAQ:HUT) and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:02 pm

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

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