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 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: hut8mining.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
2/6/2024 | $5.50 | Neutral → Sell | H.C. Wainwright |
12/9/2022 | $1.50 | Neutral | H.C. Wainwright |
11/11/2022 | $5.00 → $2.00 | Buy → Hold | Craig Hallum |
8/17/2022 | Buy → Neutral | DA Davidson | |
3/25/2022 | Buy | Stifel | |
11/12/2021 | $12.00 → $20.00 | Buy | Canaccord Genuity |
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
Revenue of $35.2 million and 9,102 self-mined Bitcoin on balance sheet as of quarter end Closed $150 million strategic investment from Coatue to partner in building AI infrastructure MIAMI, Aug. 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 financial results for the three and six months ended June 30, 2024. "Our results this quarter reflect the ambitious restructuring program we set in motion six months ago," said Asher Genoot, CEO of Hut 8. "Despite the network halving, gross margins in our Digita
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
18.0 EH/s and 762 MW under management in mining Announced plans for a 205 MW site in Texas MIAMI, Aug. 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 July 2024. "We are continuing to see the impact of our ongoing optimization efforts in our self-mining business," said Asher Genoot, CEO of Hut 8. "Our average energy cost has declined materially since bringing Salt Creek online and completing the planned deployment of our curtailment software, and we continue to build and refine
MIAMI, July 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 Tuesday, August 13, 2024 to review second 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 second quarter of 2024. When: Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on August 13, 2024. The conference call and webinar will begin at 8:30 a.m. ET. Where: T
Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity Expands Hut 8's energy infrastructure platform to approximately 1.3 gigawatts across verticals Data center engineering, procurement, and construction efforts underway MIAMI, July 09, 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 it has entered into a power purchase agreement ("PPA") and other definitive agreements for a site in West Texas with exclusive access
17.8 EH/s and 762 MW under management $150 million investment from Coatue to support the buildout of next generation AI infrastructure platform Near-term visibility to conversion of projects in previously announced pipeline of 1,100 MW of energy under exclusivity AI vertical expected to begin generating revenue in H2 2024 MIAMI, July 03, 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 June 2024. "Our corporate development team made significant progress this month advancing the expa
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 America's largest Bitcoin miners, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. ("Coatue"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the
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
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 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 it has entered into a definitive agreement with a fund managed by Coatue Management, L.L.C. ("Coatue") pursuant to which Coatue has agreed to invest $150 million into the Company through a convertible note (the "Note"). "We are committed to supporting innovators ad
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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
Revenue of $35.2 million and 9,102 self-mined Bitcoin on balance sheet as of quarter end Closed $150 million strategic investment from Coatue to partner in building AI infrastructure MIAMI, Aug. 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 financial results for the three and six months ended June 30, 2024. "Our results this quarter reflect the ambitious restructuring program we set in motion six months ago," said Asher Genoot, CEO of Hut 8. "Despite the network halving, gross margins in our Digita
18.0 EH/s and 762 MW under management in mining Announced plans for a 205 MW site in Texas MIAMI, Aug. 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 July 2024. "We are continuing to see the impact of our ongoing optimization efforts in our self-mining business," said Asher Genoot, CEO of Hut 8. "Our average energy cost has declined materially since bringing Salt Creek online and completing the planned deployment of our curtailment software, and we continue to build and refine
MIAMI, July 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 Tuesday, August 13, 2024 to review second 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 second quarter of 2024. When: Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on August 13, 2024. The conference call and webinar will begin at 8:30 a.m. ET. Where: T
Revenue of $51.7 million, Net Income attributable to Hut 8 Corp. of $250.9 million, and Adjusted EBITDA of $297.0 million 9,102 self-mined Bitcoin on balance sheet as of March 31, 2024 MIAMI, May 15, 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 financial results for the three months ended March 31, 2024. "In the first quarter, we launched a comprehensive restructuring program designed to center the business on operating excellence and bottom-line economics," said Asher Genoot, CEO of Hut 8. "We shut d
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 America's largest Bitcoin miners, will review first quarter results via a conference call on Wednesday May 15, 2024. Who:Analysts, media, and investors are invited to attend.What:Hut 8 executives will comment on recent corporate developments and review the Company's financial results for the first quarter of 2024.When:Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on May 15, 2024. The conference call and webinar will begin at 8:30 a.m. ET.Wher
Revenue of $60.6 million including $12.6 million from Managed Services Net Income of $6.2 million and Adjusted EBITDA of $62.3 million 9,195 self-mined Bitcoin on balance sheet as of December 31, 2023 MIAMI, March 28, 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 financial results for the six months ended December 31, 2023. "Our results this period demonstrate the strength and potential of the new Hut 8. Our thesis for the merger was to combine the operating scale and discipline of US Bitcoin Corp wit
MIAMI, March 12, 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, will review fiscal year results via a conference call on Thursday March 28, 2024. Who:Analysts, media, and investors are invited to attend.What:Hut 8 executives will comment on recent corporate developments and review the Company's 2023 fiscal year financial results, which include one month of combined company's results post-merger close.When:Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on March 28, 2024. The conference call and webinar will begin at 8:3
Quarterly revenue of $17.0 million including $4.5 million from the high performance computing business 9,366 self-mined Bitcoin held in custody or pledged as collateral on September 30 TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. ((Nasdaq, 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, announced its financial results for the quarter ended September 30, 2023 ("Q3 2023"). All dollar figures are in Canadian Dollars ("CAD"), unless otherwise stated. "Our team continued to be laser-focused on closing our merger with USBTC in the third quarter, and m
Quarterly revenue of $19.1 million including $4.2 million from the high performance computing business 9,136 self-mined Bitcoin held in custody or pledged as collateral on June 30 TORONTO, Aug. 14, 2023 /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, announced its financial results for the quarter ended June 30, 2023 ("Q2 2023"). All dollar figures are in Canadian Dollars ("CAD"), unless otherwise stated.
TORONTO, Aug. 9, 2023 /CNW/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX:HUT) ("Hut 8" or "the Company"), innovation-focused digital asset mining pioneer and provider of high-performance computing, will be releasing results for the quarter ended July 31, 2023 via a conference call on August 14, 2023. Who: Analysts, media, and investors are invited to attend. What: Hut 8 executives will review the company's second quarter financial results and comment on recent corporate developments. When: Results will be shared via media release and
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
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