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-0.00201300712294821 -0.00309693403530487 -0.00510374729018271 -0.00929080210591506 -0.00526478786001841 -0.00898110870238461 0.00557448126354908 0.00216785382471354
Stock impact report

Hut 8 Stock: Trading Below Its Assets And Set For A Market Reset [Seeking Alpha]

Hut 8 Mining Corp. - Common Shares (HUT) 
Company Research Source: Seeking Alpha
Q2 earnings showed a significant turnaround to a $137.5 million net income, primarily from fair value gains on its Bitcoin holdings. HUT maintains a large reserve of over 10,000 BTC. Despite the recent rally, HUT's market cap of ~$3.3 billion trades at a discount to the implied equity value of its 80% stake in American Bitcoin, suggesting a potential undervaluation. Risks include potential dilution and execution challenges, but HUT's capital flexibility and recurring revenue prospects support a continued Buy rating. imaginima/iStock via Getty Images Hut 8 Mining Corporation (NASDAQ: HUT ) has been a favorite on my coverage list of Bitcoin miners, and one I have maintained a Buy rating on for most of my coverage here on Seeking Alpha. I maintained Buy all these years because This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of HUT either through stock ownership, options, or other derivatives. I wrote this article myself, a Show less Read more
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