Hut 8 Operations Update for August 2024
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
18.5 EH/s and 762 MW under management in mining Energized Building 1 at Cedarvale MIAMI, Sept. 06, 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 released its operations update for August 2024. “During August, we maintained our focus on low-cost operations and unit economics,” said Asher Genoot, CEO of Hut 8. “Maximizing returns from our current fleet remains a priority while we continue to plan a thoughtfully structured fleet upgrade to next-generation ASICs. Reactor, our curtailment software, enabled us to mine when profitable and keep energy costs low during what is typically the hottest month of the year.” “We also advanced commercialization efforts for our 205-megawatt site in the Texas Panhandle, as well as large-scale opportunities in our development pipeline that are suitable for Bitcoin mini
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HUT
News
- Why crypto miners are selling power for AI data centers [Yahoo! Finance]Yahoo! Finance
- Why crypto miners are selling power for AI data centers [Yahoo! Finance Canada]Yahoo! Finance Canada
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Canaccord Genuity Group Inc. from $22.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Craig Hallum from $15.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at HC Wainwright from $26.00 to $35.00. They now have a "buy" rating on the stock.MarketBeat
HUT
Earnings
- 11/13/24 - Beat
HUT
Sec Filings
- 8/23/24 - Form 4
- 8/23/24 - Form 3
- HUT's page on the SEC website