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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

Hut 8 Mining Corp. (HUT) has announced that the registration statement on Form S-4 for its proposed merger with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC) has been declared effective by the SEC. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. The common stock of the new entity is expected to be listed on the Nasdaq and the Toronto Stock Exchange under the ticker symbol HUT. The transaction is expected to close by November 30, 2023, subject to USBTC stockholder approval and other customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:09 am

Hut 8 Mining Corp. (NASDAQ:HUT) shares are trading higher in sympathy with Bitcoin (CRYPTO: BTC). The company's shares have climbed more than 20% over the last month due to the rising price of Bitcoin and anticipation of BlackRock's spot Bitcoin ETF approval. The company is set to report its Q3 financial results on Nov. 14.

Portfolio Pulse from Erica Kollmann

November 09, 2023 | 4:28 pm

Hut 8 and US Bitcoin Corp (USBTC) have announced plans to merge in an all-stock deal. The merger is expected to create a combined entity with a stronger market position.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:35 am

Hut 8 Mining Corp has received court approval for its stalking horse bid for four natural gas power plants and a Bitcoin mine in North Bay. This acquisition will allow Hut 8 to control its energy costs and increase its Bitcoin mining capacity.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:53 am

Hut 8 Mining Corp. (NASDAQ:HUT) shares are trading higher after Bitcoin (CRYPTO: BTC) reached $35,000 for the first time since 2022. The company's shares have climbed more than 21% over the last five days due to the rising price of Bitcoin and the potential approval of BlackRock's spot Bitcoin ETF. Hut 8 Mining has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally.

Portfolio Pulse from Erica Kollmann

October 24, 2023 | 2:51 pm

Crypto stocks are trading higher following Bitcoin's surge to $35,000, its highest level since 2022. Stocks that may be affected include BTBT, CAN, CIFR, CLSK, COIN, HUT, MARA, and RIOT.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:55 pm

Crypto and mining-related stocks are seeing an increase in their share prices due to the strength in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:16 pm

Several stocks recorded gains in Monday's pre-market trading session. Textainer Group's shares jumped 42.6% after agreeing to be acquired by Stonepeak for $7.4 billion. Roivant Sciences gained 15.2% as Roche agreed to acquire Telavant from Roivant for $7.1 billion. Agenus rose 10.7% after disclosing expanded data from a phase 1b study. Hut 8 Mining, Marathon Digital Holdings, Riot Platforms, and CleanSpark gained amid a rise in Bitcoin. Walgreens Boots Alliance and Beam Therapeutics also rose, while Pinterest rose ahead of its Q3 financial results release.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 9:53 am

Several US stocks recorded gains despite the Nasdaq Composite falling more than 100 points on Friday. MMTec, Inc. (MTC) shares surged 37.6% ahead of its 2023 annual meeting of shareholders. Knight-Swift Transportation Holdings Inc. (KNX) shares climbed 11.1% after reporting better-than-expected Q3 results. Bowlero Corp. (BOWL) shares gained 9.4% after completing a $432.9 million sale-leaseback with VICI Properties. Other stocks that saw gains include Mister Car Wash, Inc. (MCW), CleanSpark, Inc. (CLSK), Hut 8 Mining Corp. (HUT), Euronet Worldwide, Inc. (EEFT), Metropolitan Bank Holding Corp. (MCB), Autoliv, Inc. (ALV), and Marathon Digital Holdings, Inc. (MARA).

Portfolio Pulse from Lisa Levin

October 20, 2023 | 3:10 pm

Several stocks recorded losses in Wednesday's pre-market trading session. Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates. Fresenius Medical Care, DaVita, and E2open Parent Holdings also saw significant drops in share prices. Hyliion Holdings' shares declined after announcing a strategic review of alternatives for its Electric Powertrain Business. Baxter International, Polestar Automotive, Hut 8 Mining Corp., and Northern Oil and Gas also experienced declines.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 10:00 am

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