Rosenblatt initiated coverage on Hut 8 Mining with a new price target
$HUT
Finance: Consumer Services
Finance
Rosenblatt initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2025 | $23.00 | Buy | Rosenblatt |
| 1/8/2025 | Outperform | Keefe Bruyette | |
| 12/17/2024 | $33.00 | Overweight | Piper Sandler |
| 12/9/2024 | $35.00 | Overweight | Cantor Fitzgerald |
| 8/14/2024 | $7.50 → $13.50 | Sell → Buy | H.C. Wainwright |
| 5/16/2024 | $12.00 | Hold → Buy | Craig Hallum |
| 4/22/2024 | $12.00 | Buy | The Benchmark Company |
| 3/18/2024 | $12.00 | Buy | Needham |
592-acre site secured for newest River Bend campus in Louisiana ASIC fleet upgrade underway with deployment of new miners Vega development progressing on schedule for Q2 energization MIAMI, March 06, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today released its operations update for February 2025. "We made significant progress in February across every layer of our platform, from expanding our footprint to developing digital infrastructure and
Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour ("MWh") of $31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 megawatts ("MW") as of December 31, 2024.12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.Strategic Bitcoin reserve of 10,171 Bit
Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr
Rosenblatt initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $23.00
Keefe Bruyette initiated coverage of Hut 8 Mining with a rating of Outperform
Piper Sandler initiated coverage of Hut 8 Mining with a rating of Overweight and set a new price target of $33.00
Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour ("MWh") of $31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 megawatts ("MW") as of December 31, 2024.12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.Strategic Bitcoin reserve of 10,171 Bit
MIAMI, Feb. 10, 2025 (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 will release financial results for the full year of 2024 before the market opens on March 3, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET. Conference Call and Webcast Details Date: Monday, March 3, 2025Time: 8:30 a.m. ET Investors can join the live webcast here. Analysts can register here. Supplemental Materials and Upcoming Communications The Company expects to make availab
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
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Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr
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
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