Hut 8 Corp.

HUT

US44812J1043

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
8.81 ^USD	-0.56%		+9.44%	-33.96%

Apr. 22	Benchmark Starts Hut 8 Mining With Buy Rating, $12 Price Target	MT
Apr. 16	Hut 8 Mining Down 2.1% In US Premarket As Provides Salt Creek Update; Stock Lost 6% on Monday	MT

Hut 8 Corp. Reports Earnings Results for the Half Year Ended December 31, 2023

March 28, 2024 at 06:30 am EDT

Hut 8 Corp. reported earnings results for the half year ended December 31, 2023. For the half year, the company reported revenue was USD 60.61 million compared to USD 45.99 million a year ago.

Net income was USD 6.21 million compared to net loss of USD 81.25 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 2.02 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 2.02 a year ago.

Latest news about Hut 8 Corp.

Benchmark Starts Hut 8 Mining With Buy Rating, $12 Price Target	Apr. 22	MT
Hut 8 Mining Down 2.1% In US Premarket As Provides Salt Creek Update; Stock Lost 6% on Monday	Apr. 16	MT
Hut 8 Mining Brief: Says Optimizing Self-mining Operations As Miners Come Online at Salt Creek	Apr. 16	MT
Hut 8 Corp. Optimizes Self-Mining Operations as Miners Come Online at Salt Creek	Apr. 16	CI
Canaccord Genuity Adjusts Hut 8 Mining Price Target to $14 From $17.50, Maintains Buy Rating	Apr. 05	MT
Hut 8 Mining Down In US Pre-Market Trading As Provides Operations Update For March	Apr. 05	MT
Hut 8 Mining Brief: Adds 9,102 Bitcoin on balance sheet positions Hut 8 to invest in growth as the halving approaches	Apr. 05	MT
Hut 8 Mining Brief: Says 25.5 EH/s and 884 MW under management as Hut 8 executes closure of Drumheller site and prepares to energize Salt Creek site	Apr. 05	MT
Hut 8 Mining Brief: With Operations Update for March 2024	Apr. 05	MT
Craig Hallum Adjusts Hut 8 Mining Price Target to $12 From $10, Maintains Hold Rating	Apr. 01	MT
HC Wainwright Raises Hut 8 Mining's Price Target to $9 From $7, Keeps Sell Rating	Mar. 28	MT
Toronto Stocks Rise as Canadian GDP Growth Tops Views in January; Hut 8 Rises on 1st Half Profit, Revenue	Mar. 28	DJ
Correction: Hut 8 Mining Reports Revenue of US$60.6 Million, Net Income of $6.2 Million, For Six Months Ended December 31, 2023	Mar. 28	MT
Correction: -- Hut 8 Mining Brief: Net Income of US$6.2 million and Adjusted EBITDA of $62.3 million for the Six Months Ended December 31, 2023	Mar. 28	MT
Correction: -- Hut 8 Mining Brief: Revenue of US$60.6 million including $12.6 million from Managed Services for the Six Months Ended December 31, 2023	Mar. 28	MT
Hut 8 Corp. Reports Earnings Results for the Second Half Year Ended December 31, 2023	Mar. 28	CI
Hut 8 Mining Reports Revenue of $60.6 Million, Net Income of $6.2 Million, For Six Months Ended December 31, 2023	Mar. 28	MT
Hut 8 Mining Brief: 9,195 self-mined Bitcoin on balance sheet as of December 31, 2023 for the Six Months Ended December 31, 2023	Mar. 28	MT
Hut 8 Mining Brief: Net Income of $6.2 million and Adjusted EBITDA of $62.3 million for the Six Months Ended December 31, 2023	Mar. 28	MT
Hut 8 Mining Brief: Revenue of $60.6 million including $12.6 million from Managed Services for the Six Months Ended December 31, 2023	Mar. 28	MT
Hut 8 Corp. Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
North American Morning Briefing : Stocks Set for -2-	Mar. 28	DJ
North American Morning Briefing : Stocks Set for Tepid Start as Inflation Data Eyed	Mar. 28	DJ
Needham Starts Hut 8 Mining With Buy Rating, $12 Price Target	Mar. 18	MT
Hut 8 Shutters Drumheller Site in Alberta, Canada	Mar. 06	MT

Chart Hut 8 Corp.

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Company Profile

Hut 8 Corp. is a data mining company. The Company provides the infrastructure and solutions in the global technology ecosystem. The Company is engaged in Bitcoin mining and hosting, managed services, energy arbitrage, operating traditional data centers, and utilizing emerging technologies, such as artificial intelligence (AI) and machine learning. It operates computing infrastructure across its sites that mines Bitcoin and delivers cloud, colocation, and high performance computing services to its enterprise customers. Its infrastructure portfolio includes about eleven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, AI, machine learning, and visual effects (VFX) rendering computing solutions, and six Bitcoin mining, hosting, and managed services sites located in Alberta, New York, Nebraska, and Texas. The Companyâs infrastructure and networking capabilities support customers complex workloads and computing needs.

Sector

Blockchain & Cryptocurrency

Calendar

2024-05-14 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.81 USD

Average target price

12 USD

Spread / Average Target

+36.21%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Cryptocurrency Mining

	1st Jan change	Capi.
HUT 8 CORP.	-33.96%	788M
MARATHON DIGITAL HOLDINGS, INC.	-17.28%	5.2B
CLEANSPARK, INC.	+74.34%	4.33B
PHOENIX GROUP PLC	-1.34%	3.64B
RIOT PLATFORMS, INC.	-22.88%	3.02B
CIPHER MINING INC.	+8.96%	1.31B
BITDEER TECHNOLOGIES GROUP	-35.60%	754M
TERAWULF INC.	+2.92%	747M
BITFUFU INC.	-71.68%	503M
APPLIED DIGITAL CORPORATION	-56.38%	361M

Cryptocurrency Mining

Hut 8 Corp.

Equities

HUT

US44812J1043

Blockchain & Cryptocurrency

Hut 8 Corp. Reports Earnings Results for the Half Year Ended December 31, 2023

Latest news about Hut 8 Corp.

Chart Hut 8 Corp.

Company Profile

Income Statement Evolution

Analysts' Consensus

Quarterly revenue - Rate of surprise

Sector Cryptocurrency Mining