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

Hut 8 Corp. (Nasdaq: HUT) has secured a $150 million investment from Coatue Management to develop next-generation AI infrastructure. The investment will be made through a convertible note.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:32 am

Benchmark analyst Mark Palmer maintains a Buy rating on Hut 8 (NASDAQ:HUT) and raises the price target from $12 to $17.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 4:18 pm

Craig-Hallum analyst George Sutton maintains a Buy rating on Hut 8 (NASDAQ:HUT) and raises the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:32 pm

Hut 8 Corp (NASDAQ:HUT) shares surged by 16.6% on Wednesday due to a softer-than-expected May CPI report, which has boosted crypto-related stocks. The U.S. inflation rate for May came in lower than anticipated, raising hopes for potential Federal Reserve rate cuts and driving up Bitcoin prices.

Portfolio Pulse from Vaishali Prayag

June 12, 2024 | 6:49 pm

Shares of Contango Ore, Inc. (NYSE:CTGO) fell sharply by 18.4% after the company announced a $15 million underwritten public offering. Other notable stock movements include Trio Petroleum Corp. (NYSE:TPET) jumping 88.2% after completing its first two exploratory wells, and Airship AI Holdings, Inc. (NASDAQ:AISP) climbing 32.5% following a contract award from the Department of Justice.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 5:54 pm

Benchmark analyst Mark Palmer has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:28 pm

Shares of crypto-related stocks are trading higher amid a rise in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:43 pm

Needham analyst John Todaro has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 10:32 am

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Hut 8 (NASDAQ:HUT) and maintained a $14 price target.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:03 pm

HC Wainwright & Co. analyst Mike Colonnese maintains a Sell rating on Hut 8 (NASDAQ:HUT) and lowers the price target from $9 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:31 pm

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