Hut 8 Operations Update for December 2024
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
Miner shipments expected to begin in January, marking key step in driving average fleet efficiency down to 19.9 J/TH 205 MW Vega project advancing on track for Q2 2025 energization MIAMI, Jan. 07, 2025 (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 December 2024. “Site infrastructure upgrades continue to advance on schedule, positioning us well to launch our initial fleet upgrade in Q1 2025,” said Asher Genoot, CEO of Hut 8. “With miner production underway, we anticipate shipments to begin in January—a key step in driving our average fleet efficiency down to an expected 19.9 joules per terahash. To optimize miner performance, we continue to take tranches of our current fleet offline to complete infrastructure enhancements at our sites.” “As we look to the future, we continue to
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HUT
News
- Hut 8 (NASDAQ:HUT) had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Craig Hallum.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $65.00 price target on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.MarketBeat
HUT
Earnings
- 11/4/25 - Beat
HUT
Sec Filings
- 11/4/25 - Form 4
- 11/4/25 - Form 4
- HUT's page on the SEC website