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Hut 8 Q2 2024 Earnings Report

Hut 8 logo
C$34.00 -0.21 (-0.61%)
(As of 12/20/2024 05:17 PM ET)

Hut 8 EPS Results

Actual EPS
C$0.02
Consensus EPS
-C$0.12
Beat/Miss
Beat by +C$0.14
One Year Ago EPS
N/A

Hut 8 Revenue Results

Actual Revenue
$48.18 million
Expected Revenue
$52.06 million
Beat/Miss
Missed by -$3.88 million
YoY Revenue Growth
N/A

Hut 8 Announcement Details

Quarter
Q2 2024
Time
N/A

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Hut 8 Earnings Headlines

Hut 8 purchases $100M of Bitcoin, surpasses $1B in Bitcoin reserve
Hut 8 initiated with an Overweight at Piper Sandler
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Market Whales and Their Recent Bets on HUT Options
Hut 8 (TSE:HUT) Upgraded to "Strong-Buy" at Cantor Fitzgerald
See More Hut 8 Headlines
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About Hut 8

Hut 8 (TSE:HUT) operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

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