Earnings Release Highlights Revenue of $43.7 million, net income of $0.9 million, and Adjusted EBITDA of $5.6 millionEnergy cost per MWh of $28.83, a 33% decrease from $42.73 in the prior year periodMined 234 Bitcoin at a weighted average revenue per Bitcoin mined of $61,025, compared to a cost to mine of $31,4829,106 Bitcoin held in reserve with a market value of $576.5 million and total cash of $72.9 million as of September 30, 2024 MIAMI, Nov. 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 fin

Upgrade expected to improve average fleet efficiency from 31.7 to 19.9 J/TH and increase self-mining hashrate by ~66% Combined with BITMAIN purchase option at Vega, creates path to ~24 EH/s of self-mining hashrate with average fleet efficiency of 15.7 J/TH as early as Q2 2025 MIAMI, Nov. 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 an initial ASIC fleet upgrade with the purchase of 31,145 BITMAIN Antminer S21+ miners. Under the purchase agreement, Hut 8 will acquire the miners at a price of $15.00 per

20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s Vega site buildout advancing on track for Q2 2025 energization MIAMI, Nov. 05, 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 released its operations update for October 2024. "Following the announcement of our partnership with BITMAIN to launch the U3S21EXPH with a 15 EH/s hosting deployment, progress continues on our 205-megawatt Vega site, which will feature the custom rack-based architecture we developed in-house for the project," said Asher Ge

MIAMI, Oct. 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, will host a conference call and webinar on Wednesday, November 13, 2024 to review third quarter 2024 results. Who:Analysts, media, and investors are invited to attend.What:Hut 8 executives will review the Company's financial results for the third quarter of 2024.When:Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on November 13, 2024. The conference call and webinar will begin at 8:30 a.m. ET.Where:The webcas

19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining GPU-as-a-service subsidiary generating revenue with first cluster fully online Outstanding balance of Anchorage Digital loan equitized at price of $16.395 per share MIAMI, Oct. 04, 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 released its operations update for September 2024. "We made signifi

Anchorage Digital converted entire ~$38 million loan balance to common shares at a price of $16.395 per share Strengthens Company's financial position as it advances pipeline of AI and mining infrastructure opportunities MIAMI, Oct. 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, today announced the conversion of the entire ~$38 million outstanding balance of its subsidiary's outstanding loan with Anchorage Lending CA, LLC, a subsidiary of Anchor Labs, Inc. d/b/a Anchorage Digital ("Anchorage Digital"), into common stoc

MIAMI, Sept. 26, 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 its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online. The cluster, hosted at a tier-three data center in Chicago, comprises multiple Hewlett Packard Enterprise ("HPE") Cray supercomputers powered by 1,000 NVIDIA H100 GPUs. Hut 8 partnered with HPE and AdvizeX to design, configure, and commission the cluster, which is being launched under Hut 8's subsidiary, Highr

U3S21EXPH to be first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within U form factor Hut 8 plans to deploy model in Q2 2025 through ~15 EH/s hosting deployment with potential transition to self-mining through purchase option MIAMI, Sept. 19, 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 the expansion of its partnership with BITMAIN Technologies Ltd. ("BITMAIN"), the world's largest manufacturer of digital currency mining servers, with the launch of the U3S21EXPH,

18.5 EH/s and 762 MW under management in mining Energized Building 1 at Cedarvale MIAMI, Sept. 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 released its operations update for August 2024. "During August, we maintained our focus on low-cost operations and unit economics," said Asher Genoot, CEO of Hut 8. "Maximizing returns from our current fleet remains a priority while we continue to plan a thoughtfully structured fleet upgrade to next-generation ASICs. Reactor, our curtailment software, enabled us to m

CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), and Berry Global Group, Inc. (NYSE:BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter. As previously disclosed, upon closing of the transaction, the combined company will be renamed Magnera Corporation ("Magnera"). The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Be

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H.C. Wainwright upgraded Hut 8 Mining from Sell to Buy and set a new price target of $13.50 from $7.50 previously

Craig Hallum upgraded Hut 8 Mining from Hold to Buy and set a new price target of $12.00

The Benchmark Company initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $12.00

Needham initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $12.00

H.C. Wainwright downgraded Hut 8 Mining from Neutral to Sell and set a new price target of $5.50

H.C. Wainwright resumed coverage of Hut 8 Mining with a rating of Neutral and set a new price target of $1.50

Craig Hallum downgraded Hut 8 Mining from Buy to Hold and set a new price target of $2.00 from $5.00 previously

DA Davidson downgraded Hut 8 Mining from Buy to Neutral

Stifel resumed coverage of Hut 8 Mining with a rating of Buy

Canaccord Genuity reiterated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $20.00 from $12.00 previously

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. Shenif Visram will be stepping down from his role as CFO for personal, family-related reasons. Visram will remain with the Company until Glennan assumes his role to oversee an orderly t

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 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 Ru

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hut 8 Corp. (NASDAQ:HUT) investors that a lawsuit was filed on behalf of investors that purchased Hut securities between November 9, 2023 and January 18, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover thei

Company to move efficient miners to Medicine Hat site Plan expected to improve cash flow, decrease cost to mine a Bitcoin, and drive pro forma increase in Bitcoin mined per EH of approximately 11% Company to maintain lease with option value of re-energizing site under favorable market conditions MIAMI, March 06, 2024 (GLOBE NEWSWIRE) --  Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), one of North America's largest Bitcoin miners and energy infrastructure operators, today announced the closure of its Drumheller site in Alberta, Canada. In line with ongoing restructuring and optimization initiatives designed to strengthen financial performance, the Company is exec

MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT), ("Hut 8" or the "Company") today announced that Asher Genoot, President and a member of the Hut 8 Board of Directors, has been appointed Chief Executive Officer, effective immediately. Mr. Genoot succeeds Jaime Leverton, who departs from Hut 8 as Chief Executive Officer, effective immediately. The Hut 8 Board of Directors (the "Board") has determined, following the completion of the Company's merger of equals, the time was right to set a new strategic direction for the Company and that a transition of leadership was appropriate. "The merger of equals of Hut 8 and US Bitcoin Corp was a transformational moment for bot

Shenif Visram replaces Shane Downey, effective immediately This news release constitutes a "designated news release" for purposes of the Company's prospectus supplement dated August 17, 2022, to its short form base shelf prospectus dated August 5, 2022. TORONTO, Dec. 12, 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 performance computing infrastructure provider, is pleased to announce the appointment of Shenif Visram, CPA, CMA as the company's Chief Financial Officer (CFO), effective immediately. With more than 20 years of financial management experience in

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/ - 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, supporting open and decentralized systems since 2018, is pleased to announce the appointment of Aniss Amdiss as the company's Chief Legal Officer, effective July 11, 2022. Based in Toronto, Aniss will lead Hut 8's legal and governance portfolios and serve as Corporate Secretary, reporting to Chief Executive Officer Jaime Leverton.

This appointment follows the Company's acquisition of TeraGo and is the latest in a series of strategic hires supporting Hut 8's advancements in diversification and scaling TORONTO, Feb. 17, 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, supporting open and decentralized systems since 2018, is pleased to announce the appointment of Josh Rayner to the new role of Vice President, Sales, effective February 21, 2022. Mr. Rayner joins Hut 8 to lead sales with a focus on the Company's recently acquired data center and managed services business under the direction of CEO Jaim

Mr. Beer brings two decades of experience with Canadian technology leaders to Hut 8 to support the company's growth objectives TORONTO, Feb. 15, 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, supporting open and decentralized systems since 2018, is pleased to announce the appointment of James Beer to the new role of Senior Vice President, Operations, effective February 22, 2022. Mr. Beer joins Hut 8's growing and diverse leadership team under the direction of CEO Jaime Leverton to support scaling and expansion of the Company's diversified operations.

Aligned to its holistic ESG objectives, the leading miner increases representation of women on its executive management team from 40% to 50% TORONTO, Feb. 2, 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, supporting open and decentralized systems since 2018, is pleased to announce the appointment of Erin Dermer to the new role of Vice President Communications, Marketing and Public Affairs, effective today. Ms. Dermer will work alongside the Company's diverse and ambitious talent roster under the direction of CEO Jamie Leverton to ensure that the rapidly growing prom

In a remarkable display of resilience and growth, TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have emerged as standout performers in the small-cap crypto mining sector, each delivering impressive year-to-date returns of over 40%. TeraWulf Stock Up 128%: Sustainable Bitcoin Mining TeraWulf has not only achieved a remarkable 128.75% YTD gain but also recently demonstrated its financial strength by eliminating all outstanding debt. The company currently has a market capitalization of $1.83 billion. “Our business's profitability and strong cash generation have allowed us to successfully retire the remaining debt ahead of schedule,” stated Patrick Fleury, CFO of TeraWulf.

Hut 8 Corp. (NASDAQ:HUT) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000.  The Details: Bitcoin has rallied nearly 6% over the past 24 hours as investors interpret the increasing odds of a second term for former President Donald Trump as a positive development for cryptocurrencies. Shares of Bitcoin miners and crypto-related stocks climbed higher Monday across the board.  On-chain analytics firm Santiment interpreted the rally as the market’s “bullish bias” toward a pro-Trump development. “It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result,” Sant

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Monday. Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose sharply during Monday's session amid a rise Bitcoin. Bitcoin prices rose past the key $63,000 level on Monday. MicroStrategy shares jumped 11.5% to $1,556.89 during the session. Here are some other big stocks recording gains in today’s session. Trump Media & Technology Group Corp. (NASDAQ:DJT) shares jumped 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympath

Analysts at Bernstein on have rebutted Culper Research’s negative report on Iris Energy Ltd (NASDAQ:IREN), defending the company’s AI and bitcoin mining prospects. What Happened: On Thursday, IREN fell over 13% following Culper’s report, which claimed IREN shares were overvalued by 52% to 79%, The Block reported. Culper valued Iris Energy’s crypto mining operations between $0 and $100 million. Iris Energy has responded to the Culper Research report, with a spokesperson telling Benzinga, "As a public company we are limited in how much we can say about reports of a certain nature. We encourage debate and value intellectually honest discourse. However, not all engagement meets these stand

Shares of Bitcoin (CRYPTO: BTC) miner Hut 8 Corp (NASDAQ:HUT) are trading higher. The company on Tuesday announced that it entered into definitive agreements for a site in West Texas. What Happened: Hut 8 said it entered into a power purchase agreement and other definitive agreements for a site in Texas with exclusive access to 205 megawatts of immediately available power capacity and land. Hut 8 said the purchase power agreement and site gives it access to some of the lowest locational wholesale power pricing in North America. The company noted that the site has an existing operational substation and said engineering, procurement and construction efforts for a new data center are unde

Shares of NIO Inc. (NYSE:NIO) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024. NIO shares dipped 8.5% to $4.4550 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Qualigen Therapeutics, Inc. (NASDAQ:QLGN) jumped 120% to $0.3870 after gaining 6% on Wednesday. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) rose 70.5% to $4.65 after gaining around 14% on Wednesday. MediWound Ltd. (NASDAQ:MDWD) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday. Koss Corporation (NASDAQ:KOSS) shares climb

Crypto mining stocks took a hit in pre-market trading as Bitcoin (CRYPTO: BTC) plummeted 22.45% over the past month and is down 9.15% in just five days. Here’s a closer look at three of the top pre-market losers and whether their dips offer a compelling opportunity: Hut 8 Corp. (NASDAQ:HUT): $14.91 (-7.74%) Marathon Digital Holdings, Inc. (NASDAQ:MARA): $19.63 (-6.43%) HIVE Digital Technologies Ltd. (NASDAQ:HIVE): $2.86 (-6.23%) Chart created using Benzinga Pro Read Also: Bitcoin Faces Potential Retest Of $40,000, Influential Crypto VC Warns Hut 8 Despite the recent dip, Hut 8 is up 21.14% year-to-date and a staggering 77.58% over the past month. Craig-Hall