Hut 8 Announces $150 Million Strategic Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform [Yahoo! Finance Canada]
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: Yahoo! Finance Canada
Miami, Fla, 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 advancing AI and believe that compute capacity is crucial to unlocking significant growth across the ecosystem,” said Philippe Laffont, Founder and Portfolio Manager of Coatue. "We believe that Hut 8 is well-positioned to accelerate new compute capacity and can capitalize on the opportunity it will bring.” ADVERTISEMENT “The broader market is beginning to appreciate the scarcity of high-quality power assets, and Hut 8 has built a deep pipeline of highly attractive exp
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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