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

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

DouYu International Holdings Limited (NASDAQ:DOYU) announced a share repurchase program of up to $20 million of ordinary shares in the form of ADSS, causing its shares to rise by 14.2% to $0.8320. Other stocks experienced significant movements in Thursday's mid-day session, with various companies seeing substantial gains and losses for diverse reasons, including FDA guidance, analyst ratings, public offerings, and patent lawsuit outcomes.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 6:07 pm

MicroStrategy Inc. (NASDAQ:MSTR) is considered overvalued by 26% according to 10x Research's Markus Thielen, who suggests it's time to take profit based on a regression model linking MSTR stock to Bitcoin prices. Thielen predicts Bitcoin to reach $45,000 by Christmas. Other crypto-related stocks like HIVE Digital Technologies Ltd (NASDAQ:HIVE), HUT 8 Corp (NASDAQ:HUT), and Galaxy Digital Holdings Ltd (OTC:BRPHF) also saw significant year-to-date surges. MicroStrategy recently increased its Bitcoin holdings, now owning 189,150 Bitcoin worth $5.9 billion. Max Keiser hinted at a potential $5 billion mixed debt & equity shelf offering by MicroStrategy, possibly to buy more Bitcoin.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:46 pm

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:48 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 28, 2023. The stocks include MARA, COIN, TSLA, HUT, CORN, AAPL, NVDA, BTCUSD, GLD, and BABA.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:13 pm

Shares of crypto-related companies are up due to an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:57 pm

Shares of Bitcoin miners Cipher Mining Inc (CIFR), CleanSpark Inc (CLSK), and Hut 8 Corp (HUT) are trading higher as Bitcoin's price rises. Bitcoin crossed $40,000 in early December and has been volatile. The crypto rally is driven by optimism for a potential spot ETF, with Grayscale refiling a Bitcoin ETF application. Analysts expect SEC approval in early 2024. Federal Reserve rate cut expectations for 2024 are also boosting the crypto market. CIFR shares rose 7.03%, CLSK 10.1%, and HUT 5.04%.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:29 pm

Hut 8 Mining Corp. (NASDAQ:HUT) shares have surged over 55% in the past five days, with continued gains on Tuesday. The increase follows the announcement of an agreement to build and install mining operations in Cedarvale, TX, as part of the Celsius Network bankruptcy proceedings. The new site will support approximately 66,000 miners with over 215 MW of energy. Hut 8's president highlighted the company's managed services business and its efficiency in setting up and optimizing mining operations as key to securing the project. The stock is experiencing heavy trading volume, surpassing its 100-day average, and is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:17 pm

Hut 8 Corp. (NASDAQ:HUT) saw its stock price surge after announcing an interim agreement to build and install mining operations in Cedarvale, Texas. This development is part of the Celsius Network LLC bankruptcy proceedings. Hut 8 will manage a site housing approximately 66,000 miners, powered by over 215 MW of energy. The company's managed services business currently oversees 680 MW, with expectations to exceed 895 MW once the Cedarvale site is operational. Hut 8's stock closed up 15.8% at $12.16.

Portfolio Pulse from Ryan Gustafson

December 18, 2023 | 9:26 pm

Hut 8 Mining Corp. (HUT) stock is trading higher following the announcement that it has been chosen by Celsius debtors to develop a site in Cedarvale, Texas.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:34 pm

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