MIAMI, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced that board member Amy Wilkinson has been named by the National Association of Corporate Directors (NACD) to the 2024 NACD Directorship 100. This annual award celebrates and recognizes the most influential directors and leaders in the corporate governance community, ...

After reaching an important support level, Hut 8 (HUT) could be a good stock pick from a technical perspective. HUT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to other SMAs, if ...

Hut 8 (HUT) closed the last trading session at $25.62, gaining 7.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $32.29 indicates a 26% upside potential.The average comprises seven short-term price targets ranging from a low of $28 to a high of $35, with a standard deviation of $2.36. While the lowest estimate indicates an increase of 9.3% from the current price level, the most ...

MIAMI, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced three capital markets updates: The Company has entered into a Controlled Equity Offering Sales AgreementSM with the sales agents named therein (the “Sales Agreement”) pursuant to which it may offer and sell, under the Prospectus Supplement (as defined below), share ...

Hut 8 (HUT) closed the last trading session at $23.48, gaining 53.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $30.17 indicates a 28.5% upside potential.The average comprises six short-term price targets ranging from a low of $18 to a high of $35, with a standard deviation of $6.08. While the lowest estimate indicates a decline of 23.3% from the current price level, the most ...

It has been three months since I last covered Hut 8 (NASDAQ: HUT ) for Seeking Alpha. With another quarter of fresh performance data to analyze, it is time to revisit this Bitcoin ( BTC-USD ) mining & AI hybrid company. In thisAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I h ...

Third Quarter 2024 Results EARNINGS CALL PRESENTATION NOVEMBER 13, 2024 Cautionary Note Regarding Forward–Looking Information This presentation includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward looking information"). All information, other than statements of historical facts, included in this presentation that address activities, events or developments Hut 8 Corp. ("Hu ...

Hut 8 Corp. (NASDAQ:HUT) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Asher Genoot - CEO Sean Glennan - CFO Conference Call Participants Mark Palmer - The Benchmark Company George Sutton - Craig-Hallum Capital Group Mike Colonnese - HC Wainwright John Todaro - Needham Operator Good morning, and welcome to Hut 8 Q3 2024 Financial Results Conference Call. After today’s presentation, there will be an opportunity to ask questions. Please note that this event is being record ...

Earnings Release Highlights Revenue of $43.7 million, net income of $0.9 million, and Adjusted EBITDA of $5.6 million Energy cost per MWh of $28.83, a 33% decrease from $42.73 in the prior year period Mined 234 Bitcoin at a weighted average revenue per Bitcoin mined of $61,025, compared to a cost to mine of $31,482 9,106 Bitcoin held in reserve with a market value of $576.5 million and total cash of $72.9 million as of September 30, 2024 MIAMI, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HU ...

Upgrade expected to improve average fleet efficiency from 31.7 to 19.9 J/TH and increase self-mining hashrate by ~66% Combined with BITMAIN purchase option at Vega, creates path to ~24 EH/s of self-mining hashrate with average fleet efficiency of 15.7 J/TH as early as Q2 2025 MIAMI, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, tod ...