Hut 8 Operations Update for October 2024
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s Vega site buildout advancing on track for Q2 2025 energization MIAMI, Nov. 05, 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 October 2024. “Following the announcement of our partnership with BITMAIN to launch the U3S21EXPH with a 15 EH/s hosting deployment, progress continues on our 205-megawatt Vega site, which will feature the custom rack-based architecture we developed in-house for the project,” said Asher Genoot, CEO of Hut 8. "With groundwork progressing rapidly, we are on track to energize the site in Q2 2025. Our hosting agreement with BITMAIN is expected to generate up to $135 million in annualized revenue on a fully ramped basis." “In parallel, we are preparing our existing sites for a near-term
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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