Hut 8 Boosted by Next-Gen Bitcoin Rigs and Revenue Diversification, Analysts Say

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 ...