Hut 8 Mining Corp. (HUT)

NASDAQ: HUT · IEX Real-Time Price · USD
3.12
+0.16 (5.24%)
Aug 12, 2022 10:30 AM EDT - Market open
5.24%
Market Cap 546.64M
Revenue (ttm) 154.86M
Net Income (ttm) -41.69M
Shares Out 175.49M
EPS (ttm) -0.19
PE Ratio n/a
Forward PE 14.35
Dividend n/a
Ex-Dividend Date n/a
Volume 3,105,518
Open 2.98
Previous Close 2.96
Day's Range 2.87 - 3.14
52-Week Range 1.27 - 16.57
Beta 3.04
Analysts Buy
Price Target 5.88 (+88.8%)
Earnings Date Aug 11, 2022

About HUT

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. [Read more...]

Industry Capital Markets
Founded 2011
CEO Andrew Kiguel
Employees 43
Stock Exchange NASDAQ
Ticker Symbol HUT
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for HUT stock is "Buy." The 12-month stock price forecast is 5.88, which is an increase of 88.76% from the latest price.

Price Target
$5.88
(88.76% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Bitcoin mining stocks record whopping gains in the last 30 days despite dull markets

The recent recovery in the value of crypto assets has trickled down into the ‘traditional' finance world, more specifically into

Other symbols: CORZMARARIOT

Why Bakkt Holdings, Marathon Digital Holdings, and Hut 8 Mining Corp Are Rising Today

Cryptocurrencies and crypto stocks continued to rise with positive inflation data.

Other symbols: BKKTMARA

Hut 8 Mining (HUT) Reports Q2 Loss, Misses Revenue Estimates

Hut 8 (HUT) delivered earnings and revenue surprises of -400% and 17.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Hut 8 Reports Operating and Financial Results for Q2 2022

Strong quarterly revenue of $43.8 million Bitcoin holdings increased 14.6% to 7,406 in Q2 Achieved adjusted EBITDA(i) of $6.8 million TORONTO , Aug. 11, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: H...

Hut 8 Mining Production and Operations Update for July 2022

330 Bitcoin mined, bringing reserves to 7,736 TORONTO , Aug. 5, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-foc...

Media advisory: Hut 8 to Release Q2 2022 Results August 11

TORONTO , Aug. 3, 2022  /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or "the Company"), one of North America's largest, innovation-focused digital asset mining pioneers and high p...

Coinbase Jumps Again and Silvergate and Hut 8 Mining Gain on Wednesday

Regulators are eyeing crypto and that's a good thing today.

Other symbols: COINSI

Hut 8 Signs Partnership with Foundry

Foundry selects Hut 8's data centre infrastructure for cloud services TORONTO , Aug. 2, 2022 /PRNewswire/ - Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT) ("Hut 8" or the "Company"), one of North America's...

Why Shares of Dogecoin, Silvergate Capital, and Hut 8 Mining Are Rising

The Federal Reserve raised interest rates by 0.75% this afternoon.

Other symbols: SI

Bitcoin Surged 4% Today, but These 3 Bitcoin-Adjacent Stocks Soared Much Higher

When Bitcoin surges, it's time to pay attention to these three stocks, which are providing even higher returns.

Other symbols: BITFCAN

Why Shares of Riot Blockchain, Silvergate Capital, and Hut 8 Mining Are Rising Today

Crypto stocks bounced this morning along with cryptocurrencies like Bitcoin.

Other symbols: RIOTSI

Why Bitcoin Mining Stocks Popped Today

When the price of the leading crypto jumps, the miners' share prices follow.

Other symbols: BITFRIOT

Hut 8 Mining Production and Operations Update for June 2022

328 Bitcoin mined, bringing reserves to 7,406 Hut 8 continues to HODL Bitcoin North Bay site operating on 20 MW of power TORONTO , July 6, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT)...

Aniss Amdiss Joins Hut 8 Mining as Chief Legal Officer

This appointment further strengthens Hut 8's blue-chip executive team by adding expertise in corporate governance, capital markets, and mergers and acquisitions TORONTO , June 21, 2022 /PRNewswire/ - Hu...

Hut 8 Announces Results of 2022 Annual Meeting of Shareholders

TORONTO , June 16, 2022 /PRNewswire/ - Hut 8 Mining Corp. (TSX: HUT) ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and dece...

Crypto Crash Extends to Wall Street. These Are the Hardest-Hit Crypto Stocks.

The crypto crash is showing itself on the traditional stock market, with crypto stocks seeing much tumult to open the week. The post Crypto Crash Extends to Wall Street.

Hut 8 Mining Production and Operations Update

7,078 self-mined Bitcoin in reserve after 309 were generated in May Testing complete at North Bay, Ontario site; mining began on June 2 TORONTO , June 6, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: ...

Is the Options Market Predicting a Spike in Hut 8 Mining (HUT) Stock?

Investors need to pay close attention to Hut 8 Mining (HUT) stock based on the movements in the options market lately.

7 High-Risk, High-Reward Growth Stocks to Buy Now

For those who laugh in the face of volatility, the market discount has provided some opportunities for growth stocks to buy. The post 7 High-Risk, High-Reward Growth Stocks to Buy Now appeared first on ...

Why Shares of CleanSpark, Riot Blockchain, and Hut 8 Mining Are Rising Today

Bitcoin mining companies are rebounding today, along with the price of Bitcoin.

Other symbols: CLSKRIOT

Hut 8 Mining (HUT) Q1 Earnings and Revenues Miss Estimates

Hut 8 (HUT) delivered earnings and revenue surprises of -54.55% and 9.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Hut 8 Reports Operating and Financial Results for Q1 2022

Strong quarterly revenue of $53.3 million Bitcoin holdings increased 17% to 6,460 Adjusted EBITDA(i)  of $27.1 million High performance computing business delivered solid financial results TORONTO , May...

4 Crypto Stocks to Buy Now at a Deep Discount

With the plunge in Bitcoin, these crypto stocks have also witnessed a deep correction and look undervalued. The post 4 Crypto Stocks to Buy Now at a Deep Discount appeared first on InvestorPlace.

Other symbols: COINRIOTSQ

Hut 8 Highlights Industry Leading ESG Performance in inaugural Report

Company continues to champion industry standards through measurable, holistic ESG goals that will drive a more sustainable future TORONTO , May 10, 2022  /PRNewswire/ - Today, Hut 8 Mining Corp. (NASDAQ...

4 Stocks Under $10 That Could Double By December 2022

When picking the best stocks under $10 to buy, it's important to identify fundamentally strong and non-speculative stocks. The post 4 Stocks Under $10 That Could Double By December 2022 appeared first o...

Other symbols: CRONKGCRIG