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

Shares of crypto companies are experiencing an uptick as Bitcoin prices rise.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:18 pm

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Hut 8 Mining Corp. has released its operations update for August 2024, highlighting that it manages 18.5 EH/s and 762 MW in mining. The company is also advancing commercialization efforts for a 205MW site in the Texas Panhandle.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:40 am

Crypto-linked stocks are experiencing a decline as Bitcoin prices drop. This is influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:59 pm

Donald Trump announced plans to make the U.S. the 'crypto capital of the planet' through a new platform, World Liberty Financial, rebranded from 'The DeFiant Ones'. The platform, promoted by Trump's sons, aims to rival traditional banking and attract crypto voters and donors.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:58 pm

Crypto-linked stocks are experiencing a decline as Bitcoin's price drops below $60,000.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:17 am

Crypto-related stocks are experiencing a decline in their trading prices due to a drop in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:23 pm

Needham analyst John Todaro has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:06 am

Hut 8 Corp (NASDAQ:HUT) experienced a volatile trading week following mixed second-quarter earnings. Despite initial market disappointment due to revenue and EBITDA misses, analysts from Benchmark and Needham maintained Buy ratings, citing future revenue diversification, cost reductions, and improved mining efficiency. Benchmark set a price target of $17, while Needham set it at $15. The stock saw a recovery, trading higher by 1.73% at $11.15 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 5:35 pm

Hut 8 Corp. (NASDAQ:HUT) shares are trading higher after the company reported its second-quarter financial results. Despite missing revenue and earnings estimates, the company saw improvements in gross margins and energy costs. Analysts have upgraded the stock and raised price targets, indicating potential upside.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 3:07 pm

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