Hut 8 Announces Early Payoff of Outstanding Loan
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
Anchorage Digital converted entire ~$38 million loan balance to common shares at a price of $16.395 per share Strengthens Company’s financial position as it advances pipeline of AI and mining infrastructure opportunities MIAMI, Oct. 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, today announced the conversion of the entire ~$38 million outstanding balance of its subsidiary’s outstanding loan with Anchorage Lending CA, LLC, a subsidiary of Anchor Labs, Inc. d/b/a Anchorage Digital (“Anchorage Digital”), into common stock of the Company (the “Conversion”). "Hut 8 stands out for its conviction to innovation — it's a key reason that we originally backed them with a loan, and it's the same reason we've now converted that debt to equity," said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. "In an evolving
Show less
Read more
Impact Snapshot
Event Time:
HUT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HUT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HUT alerts
High impacting Hut 8 Mining Corp. - Common Shares news events
Weekly update
A roundup of the hottest topics
HUT
News
- 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 8 Operations Update for September 2024GlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Craig Hallum from $14.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 GPU-as-a-Service Vertical Goes Live with Inaugural DeploymentGlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Needham & Company LLC from $15.00 to $16.50. They now have a "buy" rating 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