Sean Glennan to join as CFO on August 21, 2024 Glennan most recently served as Managing Director in the Global Power, Utilities & Renewables group at Citigroup MIAMI, Aug. 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 today announced that Sean Glennan will become the Company's new Chief Financial Officer (CFO), effective August 21, 2024. ...

Hut 8 (HUT) shares ended the last trading session 17.9% higher at $20. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 50.4% gain over the past four weeks. This crypto currency mining company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +70%. Revenues are expected to be $43.5 million, up 204.6% from the year-ago quarter. The stock currentl ...

Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity MIAMI, July 09, 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 it has entered into a power purchase agreement ("PPA") and other definitive agreements for a site in West Texas with ex ...

Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity Data center engineering, procurement, and construction efforts underway The PPA and site, which is adjacent to a wind farm and connected to the ERCOT grid, give Hut 8 access to some of the lowest locational wholesale power pricing in North America. The site has an existing, operational substation, and engineering, procurement, and construction efforts for a new da ...

Miami, July 01, 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, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. ("Coatue"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor sha ...

Miami, July 01, 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, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. ("Coatue"). Additional Transaction Information Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-minin ...

MIAMI, June 27, 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, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1st, 2024, according to a preliminary list of additions posted June 21st, 2024. The annual Rus ...

The annual Russell U.S. Indexes reconstitution captures the 4,000 largest U.S. stocks as of Tuesday, April 30th, 2024, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalizatio ...

Many traditional data center operators are failing to meet the surging demand for AI compute capacity due to power shortages, long lead times to bring new capacity online, and the extensive upgrades required for existing data centers to support the latest generation of high-density compute. Hut 8 believes it can leverage its proven ability to develop and operate complex energy infrastructure to address unmet demand and emerge as a leader in the AI infrastructure market. Cautionary Note Regarding Forward-Loo ...

MIAMI, June 24, 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 it has entered into a definitive agreement with a fund managed by Coatue Management, L.L.C. ("Coatue") pursuant to which Coatue has agreed to invest $150 million into the Company through a convertible note (the "Note"). The Company and Coatue have entered into ...