Hut 8 Mining Corp. (TSX: HUT)

Canada flag Canada · Delayed Price · Currency is CAD
21.42
+0.96 (4.69%)
Jul 2, 2024, 4:00 PM EDT
-6.87%
Market Cap 1.94B
Revenue (ttm) 82.27M
Net Income (ttm) -343.34M
Shares Out 90.39M
EPS (ttm) -8.50
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,142,049
Open 20.60
Previous Close 20.46
Day's Range n/a
52-Week Range 8.35 - 29.90
Beta n/a
Analysts n/a
Price Target 14.97 (-30.11%)
Earnings Date Aug 15, 2024

About Hut 8 Mining

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing " Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer managemen... [Read more]

Industry Capital Markets
Sector Financials
Founded 2011
Employees 98
Stock Exchange Toronto Stock Exchange
Ticker Symbol HUT
Full Company Profile

Financial Performance

In 2023, Hut 8 Mining's revenue was 150.68 million, a decrease of -13.29% compared to the previous year's 173.77 million. Losses were -242.81 million, 233.9% more than in 2021.

Financial Statements

News

Hut 8 Announces Closing of $150 Million Investment from Coatue

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 Ame...

1 day ago - GlobeNewsWire

CHWY Shares Halted, HUT Higher: The Frothy Market Dynamic

Chewy (CHWY) shares have been halted after “Roaring Kitty” posts dog meme on X. Kevin Green discusses the frothy dynamic in the market with stocks gaining and losing massive numbers.

5 days ago - Schwab Network

Micron To Rally Over 12%? Here Are 10 Top Analyst Forecasts For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page . Stifel cu...

5 days ago - Benzinga

Hut 8 set to join Russell 3000 index

Hut 8 (HUT) will be included in the Russell 3000 index in 2024, signaling potential growth for the cryptocurrency mining company.

5 days ago - Seeking Alpha

Hut 8 Set to Join to Russell 3000® Index

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 Ame...

5 days ago - GlobeNewsWire

Hut 8 Set to Join to Russell 3000® Index

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 Ame...

5 days ago - GlobeNewsWire

What's Going On With Shares Of Bitcoin Miner Hut 8 Today?

Hut 8 Corp (NASDAQ: HUT) shares are rising Monday while other Bitcoin (CRYPTO: BTC) mining stocks fall alongside the price of bitcoin. Hut 8 on Monday announced a $150 million strategic investment t...

8 days ago - Benzinga

Hut 8 Announces $150 Million Strategic Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform

Funding will accelerate growth in Hut 8's data center portfolio Reinforces Hut 8's position as a market leader in sourcing, developing, and operating energy infrastructure MIAMI, June 24, 2024 (GLOBE ...

8 days ago - GlobeNewsWire

Hut 8 Announces $150 Million Strategic Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform

Funding will accelerate growth in Hut 8's data center portfolio; Reinforces Hut 8's position as a market leader in sourcing, developing, and operating energy infrastructure Funding will accelerate gro...

8 days ago - GlobeNewsWire

Bitcoin miners rise 10% after Trump promises to back US miners

The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.

20 days ago - Cointelegraph

Bitcoin miners are shifting to AI

CNBC's Mackenzie Sigalos joins 'Power Lunch' to discuss bitcoin miners getting into AI.

4 weeks ago - CNBC Television

Bulletin for Bitcoin Bulls: Here’s a Mining Stock You Mustn’t Miss

Got the Bitcoin (BTC-USD) post-halving event blues? Today I’ll lift your spirits with cryptocurrency pick Hut 8 (NASDAQ:HUT) stock, which ... Read more

6 weeks ago - ValueWalk

Hut 8 (HUT) Q1 2024 Earnings Call Transcript

Hut 8 Corporation (NASDAQ:NASDAQ:HUT) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ETCompany ParticipantsAsher Genoot - Chief Executive...

6 weeks ago - Seeking Alpha

Hut 8 Mining reports Q1 results

6 weeks ago - Seeking Alpha

Hut 8 Reports First Quarter 2024 Results

Revenue of $51.7 million, Net Income attributable to Hut 8 Corp. of $250.9 million, and Adjusted EBITDA of $297.0 million

6 weeks ago - GlobeNewsWire

Hut 8 Reports First Quarter 2024 Results

Revenue of $51.7 million, Net Income attributable to Hut 8 Corp. of $250.9 million, and Adjusted EBITDA of $297.0 million

6 weeks ago - GlobeNewsWire

Hut 8 Mining Q1 2024 Earnings Preview

7 weeks ago - Seeking Alpha

Hut 8 Operations Update for April 2024

26.6 EH/s and 1.2 GW under management; Salt Creek site fully energized and Cedarvale site partially energized 26.6 EH/s and 1.2 GW under management; Salt Creek site fully energized and Cedarvale site ...

2 months ago - GlobeNewsWire

Hut 8 Operations Update for April 2024

26.6 EH/s and 1.2 GW under management Salt Creek site fully energized and Cedarvale site partially energized MIAMI, May 06, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Co...

2 months ago - GlobeNewsWire

Media Advisory: Hut 8 to Release Q1 2024 Results May 15

Miami, Fla, April 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 Nor...

2 months ago - GlobeNewsWire

Media Advisory: Hut 8 to Release Q1 2024 Results May 15

MIAMI, April 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 Am...

2 months ago - GlobeNewsWire

Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark

The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said...

2 months ago - CoinDesk

Canadian Investor Alert: SMK Law Announces Investigation into Hut 8 Corp. (TSX: HUT.TO, NASDAQ: HUT)

TORONTO — SMK Law, a Canadian investor rights law firm, is investigating a shareholder class action against Hut 8 Corp. (TSX: HUT.TO, NASDAQ: HUT). The investigation is focused on Canadian investors w...

2 months ago - Financial Post

Canadian Investor Alert: SMK Law Announces Investigation into Hut 8 Corp. (TSX: HUT.TO, NASDAQ: HUT)

TORONTO--(BUSINESS WIRE)--SMK Law, a Canadian investor rights law firm, is investigating a shareholder class action against Hut 8 Corp. (TSX: HUT.TO, NASDAQ: HUT). The investigation is focused on Cana...

2 months ago - Business Wire

Hut 8 optimizes self-mining operations as miners come online at Salt Creek

Greenfield site energized in 78 days, less than three months after breaking ground Cost to mine a Bitcoin at site expected to be 30% lower than cost at hosted facilities due to favorable energy profil...

2 months ago - GlobeNewsWire