The Latest Breaking News from Hut 8

Timing a momentum stock investment is notoriously difficult, but firms that combine recent share price growth with signs of being undervalued may appeal.

Bitcoin miners MARA Holdings, HIVE Digital, Hut 8 announced quarterly results. Hut 8 expands AI business. Miners rallied postelection.

Hut 8 Mining Corp (NASDAQ:HUT) (TSX:HUT) reported first-quarter FY22 revenue growth of 67% year-on-year to C$53.3 million. EPS was C$0.31. Hut 8 currently has an installed hash rate of 2.54 EH/s, up 27% from December 31. As of March 31, Hut 8 had a total Bitcoin balance of 6,460 with a market…

Bitfarms, Ltd (NASDAQ: BITF) and Hut 8 Mining Corp (NASDAQ: HUT) skyrocketed up 20% and 13.5%, respectively, at one point on Monday, in reaction to Bitcoin (CRYPTO:

Digital asset miner Hut 8 Mining Corp (NASDAQ:HUT) reported fourth-quarter FY21 revenue growth of 346% year-on-year to C$57.9 million. EPS loss was C$(0.67). Hut 8 currently has an installed hash rate of 2.0 EH/s, including the converted hash rate from its fleet of NVIDIA GPUs. As of December 31, Hut 8 had a total…

Cryptocurrencies dipped over the past week, with Bitcoin and Ethereum prices down significantly. Furthermore, the possibility the sector’s regulations will be tightened makes the industry’s near-term prospects uncertain. Also, the global semiconductor shortage could slow down the crypto mining industry. Hence, we think this might not be the right time…