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

Edwards Lifesciences Corporation (NYSE:EW) shares fell sharply after reporting worse-than-expected Q2 sales and issuing weak Q3 guidance. Despite beating EPS estimates, the stock dipped 26.9%. The company also acquired JenaValve and Endotronix. Other notable movers include Predictive Oncology Inc. (NASDAQ:POAI), Psyence Biomedical Ltd. (NASDAQ:PBM), and Ford Motor Company (NYSE:F).

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:12 pm

Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:32 pm

TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have shown impressive YTD returns of over 40% in the small-cap crypto mining sector. TeraWulf's stock is up 128% YTD, driven by debt elimination and sustainable energy initiatives. Hut 8 has gained 40% YTD, bolstered by strategic energy partnerships.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 7:06 pm

Hut 8 Corp. (NASDAQ:HUT) shares surged 17.92% on Monday as Bitcoin prices climbed above $63,000. The rally in Bitcoin is attributed to investor optimism about a potential second term for former President Donald Trump. Additionally, Hut 8 recently secured a power purchase agreement for a site in West Texas, enhancing its operational capacity. Analysts have mixed price targets for Hut 8, with a 12-month average target of $13.07.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 8:24 pm

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 12.2% after announcing a workforce reduction of 400 employees. Other notable stock movements include Autonomix Medical, Inc. (NASDAQ:AMIX) climbing 148% and Trump Media & Technology Group Corp. (NASDAQ:DJT) rising 32.8% following an attempted assassination of Donald Trump.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 5:23 pm

U.S. stocks saw significant gains on Monday, with the Dow Jones index rising by around 250 points. Key stocks such as MicroStrategy, Coinbase, Robinhood, and Tesla experienced notable increases, driven by factors like Bitcoin's price surge and political events.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 3:04 pm

Shares of crypto-linked stocks are trading higher after Bitcoin rose above $62,000.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:20 am

NIO Inc. (NYSE:NIO) shares fell 8.5% after the resignation of CFO Steven Wei Feng. Other notable movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 120%, Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) up 70.5%, and Macy’s, Inc. (NYSE:M) up 10.4% due to an increased acquisition bid. XPeng Inc. (NYSE:XPEV) declined 10% after announcing vehicle delivery figures.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:59 pm

Bitcoin's recent decline has negatively impacted crypto mining stocks, with Hut 8, Marathon Digital, and HIVE Digital experiencing significant pre-market losses. Despite the downturn, each company has unique strengths that could present buying opportunities for risk-tolerant investors.

Portfolio Pulse from Surbhi Jain

July 05, 2024 | 3:09 pm

Several major stocks, including Bitfarms, TeraWulf, and Applied Digital, are experiencing significant declines in Friday's pre-market session. The declines are largely attributed to a drop in Bitcoin prices and company-specific updates.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

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