Hut 8 Operations Update for April 2024
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
26.6 EH/s and 1.2 GW under management Salt Creek site fully energized and Cedarvale site partially energized MIAMI, May 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 April 2024. “Amidst the backdrop of the halving, the operational capabilities of our team enabled us to maximize deployed hashrate as we completed the relocation of our fleet from hosted to owned facilities and brought new capacity online,” said Asher Genoot, CEO of Hut 8. “At Salt Creek, we energized 63 megawatts, totaling nearly 18,000 miners, just over three months after breaking ground at the greenfield site, which brings our current self-mining hashrate to 5.5 exahash per second.” “The miners deployed at Salt Creek were relocated from Kearney and
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HUT
News
- Hut 8 Corp. (NASDAQ: HUT) had its price target lowered by analysts at HC Wainwright from $9.00 to $7.50. They now have a "sell" rating 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 $14.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $12.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Needham & Company LLC from $12.00 to $13.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating. They now have a $12.00 price target on the stock.MarketBeat
HUT
Earnings
- 11/14/23 - Miss
HUT
Sec Filings
- 5/10/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 3
- HUT's page on the SEC website