Hut 8 Corp HUT stock tanked in early Tuesday trading after the company reported mixed second-quarter earnings. The stock price saw redemption on Wednesday. The results came amid an exciting earnings season. Here are some key analyst takeaways. Benchmark analyst Mark Palmer reiterated a Buy rating to Hut 8 Mining and set a price target of $17. Needham analyst John Todaro maintained a Buy rating on Hut 8 Mining with a price target of $15. Benchmark: Hut 8 Corp's second-quarter revenue of $33.5 million fell we ...

Hut 8 Today HUT Hut 8 $10.96 -0.43 (-3.78%) 52-Week Range $6.18 ▼ $21.10 Price Target $15.08 Add to Watchlist Hut 8 Corp. NASDAQ: HUT is a vertically integrated cryptocurrency mining company operating in North America. It is one of the largest operators of large-scale energy infrastructure and provides a comprehensive suite of services, including self-mining, hosting, managed services, and traditional data center operations. Hut 8's earnings report for the second quarter of 2024 reveals the company's contin ...

Call Start: 08:30 January 1, 0000 9:21 AM ET Hut 8 Corp. (NASDAQ:HUT) Q2 2024 Earnings Conference Call August 13, 2024 08:30 ET Company Participants Asher Genoot - Chief Executive Officer Shenif Visram - Chief Financial Officer Sean Glennan - Incoming Chief Financial Officer Conference Call Participants John Todaro - Needham Mike Colonnese - HC Wainwright Operator Good morning and welcome to Hut 8’s Q2 2024 Financial Results Conference Call. After today’s presentation, there will be an opportunity to ask qu ...

Revenue of $35.2 million and 9,102 self-mined Bitcoin on balance sheet as of quarter end Closed $150 million strategic investment from Coatue to partner in building AI infrastructure MIAMI, Aug. 13, 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 its financial results for the three and six months ended June 30, 2024. "Our resul ...

Hut 8 Corp (NASDAQ:HUT) will report fiscal first-quarter earnings before the open tomorrow, Aug 13. The crypto-adjacent data mining stock experienced a sharp slide amid the global market selloff, especially as Bitcoin (BTC) slipped below $50,000 for the first time since February. This pullback has HUT flashing a historically bullish signal, though earnings could provide some volatility. According to Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within one standard deviation of its 80-day ...

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. ...

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 ...