Hut 8 Corp Up 18.97% To $11.16 After Earnings

Hut 8 Corp (HUT) surpassed earnings projections on 3/28/2024 for Q4 2023.



Revenues were downbeat at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is up 18.97% to $11.16 after the report.

Hut 8 Corp's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Hut 8 Corp a Bullish Sentiment Rank from InvestorsObserver.

Hut 8 Corp has performed a little above average during the past few months. Before the report, Hut 8 Corp received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $6.18 on January 19, 2024 and set a 52-week high on July 14, 2023 at $22.75.

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.