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

Hut 8 Mining Corp. (Nasdaq: HUT) mined 111 Bitcoin in September 2023, with no Bitcoin sold during the month. The total balance of Bitcoin in reserve was 9,366. The company also received approval for a business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:33 am

Crypto-related stocks, including MARA and RIOT, are trading higher due to an increase in Bitcoin value.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:19 pm

Crypto-related stocks, including BITF, CIFR, CLSK, and HUT, are trading lower due to a pullback in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:16 pm

Crypto-related stocks, including CLSK, HUT, MARA, MSTR, and RIOT, are trading higher due to an increase in the price of Bitcoin.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 4:42 pm

Hut 8 Mining Corp. (HUT) is progressing on its proposed all-stock merger with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). The combined company will be named Hut 8 Corp., a U.S.-domiciled entity, and is expected to be a large scale, publicly traded Bitcoin miner with diversified revenue streams and industry leading ESG practices.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 10:32 am

Hut 8 Mining shares are experiencing a surge due to the increase in the price of Bitcoin.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:27 pm

Hut 8 Mining has obtained a final order for its plan of arrangement from the Supreme Court of British Columbia, in connection with its previously announced business combination with U.S. Data Mining Group dba US Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:37 am

Several stocks recorded gains in Tuesday's trading session. Shengfeng Development Limited (SFWL), Cognyte Software Ltd. (CGNT), The Beauty Health Company (SKIN), Bitfarms Ltd. (BITF), MoonLake Immunotherapeutics (MLTX), TeraWulf Inc. (WULF), NextNav Inc. (NN), ImmunityBio, Inc. (IBRX), Casey's General Stores, Inc. (CASY), United Homes Group, Inc. (UHG), CleanSpark, Inc. (CLSK), Riot Platforms, Inc. (RIOT), IonQ, Inc. (IONQ), Cipher Mining Inc. (CIFR), GameStop Corp. (GME), Matrix Service Company (MTRX), Coinbase Global, Inc. (COIN), VinFast Auto Ltd. (VFS), Hut 8 Mining Corp. (HUT), and IAMGOLD Corporation (IAG) all saw increases in their share prices.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 2:24 pm

Hut 8 Mining Corp. reported that it mined 103 Bitcoin in August 2023, which translates to an average production rate of approximately 3.3 Bitcoin per day.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:34 am

Crypto stocks are trading lower due to a drop in Bitcoin's value.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 7:47 pm

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