Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Hut 8 Mining Corp.
  6. News
  7. Summary
    HUT   CA44812T1021

HUT 8 MINING CORP.

(HUT)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-02-06 pm EST
3.190 CAD   +7.41%
01/26Hut 8 Mining Provides Update on North Bay Facility
MT
01/26Hut 8 Mining Brief: Has filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power Corp. and its subsidiary, Bay Power Corp., a third-party supplier of energy to the Co
MT
01/26Hut 8 Mining Brief: Providing update on North Bay Facility
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hut 8 Mining Seeks Mediation with Third-Party Energy Supplier in Ontario

11/28/2022 | 07:05am EST

By Adriano Marchese


Hut 8 Mining Corp. said Monday that it has requested mediation proceedings with one of its third-party suppliers of energy for suspending delivery of energy to the company's operations in Ontario.

Earlier in November, the Canadian cryptocurrency mining company delivered a notice of event of default to Vladius Power Corp. for what it said were breaches of certain obligations it had with Hut 8 under a power-purchase agreement.

Subsequently, Vladius suspended delivery of energy to Hut 8's mining operations in North Bay, claiming that Hut 8 failed to make payments.

Hut 8 said that it now intends to proceed to mediation, a route stipulated as an option in the agreement between the companies.

To mitigate any effects of the dispute, Hut 8 said it is exploring alternatives, including through organic and inorganic growth opportunities.

The company said that it continues to monitor the situation and that it will provide updates on the status of the mediation process as well as the suspension of mining activities at its North Bay site.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

11-28-22 0704ET

All news about HUT 8 MINING CORP.
01/26Hut 8 Mining Provides Update on North Bay Facility
MT
01/26Hut 8 Mining Brief: Has filed a Statement of Claim in the Superior Co..
MT
01/26Hut 8 Mining Brief: Providing update on North Bay Facility
MT
01/26Hut 8 provides update on North Bay Facility
PR
01/12Coinsquare, WonderFi In Merger Talks To Create Canadian Crypto Giant
MT
01/09Hut 8 Mining Production and Operations Update for December 2022
AQ
01/06Hut 8 Mining Provides Production and Operations Update for December 2022
MT
01/06Hut 8 Mining Brief: 100% of Bitcoin mined added to balance sheet, inc..
MT
01/06Hut 8 Mining Brief: 161 Bitcoin mined in December, 3,568 Bitcoin mine..
MT
01/06Hut 8 Mining Production and Operations Update for December 2022
PR
More news
Analyst Recommendations on HUT 8 MINING CORP.
More recommendations
Financials
Sales 2022 154 M 115 M 115 M
Net income 2022 -83,0 M -61,7 M -61,7 M
Net Debt 2022 - - -
P/E ratio 2022 -7,17x
Yield 2022 -
Capitalization 626 M 466 M 466 M
Capi. / Sales 2022 4,06x
Capi. / Sales 2023 5,87x
Nbr of Employees 44
Free-Float 83,0%
Chart HUT 8 MINING CORP.
Duration : Period :
Hut 8 Mining Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HUT 8 MINING CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 3,19 CAD
Average target price 4,25 CAD
Spread / Average Target 33,2%
EPS Revisions
Managers and Directors
Jaime Leverton Chief Executive Officer & Director
Shenif Visram Chief Financial Officer
William Ping Tai Chairman
Jason Zaluski Head-Technology
James Beer Senior Vice President-Operations
Sector and Competitors
1st jan.Capi. (M$)
HUT 8 MINING CORP.175.00%466
INTUIT INC.8.87%119 045
ADYEN N.V.19.53%54 386
FIDELITY NATIONAL INFORMATION SERVICES, INC.11.11%44 735
WORLDLINE18.89%13 460
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.20.72%9 616