Hut 8: Ample Dry Powder For Bitcoin Mining And AI Vertical Expansion [Seeking Alpha]
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: Seeking Alpha
Jul. 05, 2024 9:41 AM ET Hut 8 Corp. (HUT) Stock HUT:CA Stock BTC-USD Mandela Amoussou Follower s Follow Summary HUT 8 Mining Corp. has shown financial and operational turnaround under its new CEO, focusing on self-mining and efficiency. The company's balance sheet remains very liquid with over 9,000 BTC holdings, reducing the need for debt and potential dilution. HUT's AI vertical business could start generating revenue in the second half of the year, potentially leading to further stock price decoupling from Bitcoin. Oselote HUT 8 Mining Corp. ( NASDAQ: HUT ) has been one of the mining companies on my radar since the start of this Bitcoin ( BTC-USD ) market cycle. In my coverage of the stock about ten months ago, I Recommended For You About HUT Stock More on HUT Related Stocks Trending Analysis Trending News
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HUT
News
- Hut 8 Operations Update for August 2024GlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $15.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $22.00 price target on the stock.MarketBeat
- Hut 8 Boosted by Next-Gen Bitcoin Rigs and Revenue Diversification, Analysts Say [Yahoo! Finance]Yahoo! Finance
- Hut 8 Corp. (NASDAQ: HUT) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $17.00 price target on the stock.MarketBeat
HUT
Earnings
- 8/13/24 - Miss
HUT
Sec Filings
- 8/23/24 - Form 4
- 8/23/24 - Form 3
- 8/19/24 - Form 4
- HUT's page on the SEC website