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

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

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

Benchmark analyst Mark Palmer has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:17 pm

HC Wainwright & Co. has upgraded Hut 8 (NASDAQ:HUT) from Sell to Buy and raised the price target from $7.5 to $13.5.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:46 am

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 14, 2024 | 10:23 am

Hut 8 Mining reported a Q2 EPS of $(0.78), missing the estimate of $(0.03).

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:32 am

Hut 8 Mining reported Q2 sales of $35.22 million, significantly missing the estimated $65.47 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:31 am

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