Welcome to our dedicated page for Hut 8 news (Ticker: $HUT), a resource for investors and traders seeking the latest updates and insights on Hut 8 stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hut 8's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hut 8's position in the market.
Rhea-AI Summary
Hut 8 Corp. (HUT) secures a $15M loan from Coinbase Global, Inc. for general corporate purposes, increasing its credit facility to $65 million. The loan is secured by Bitcoin held in the custody of Coinbase Custody Trust Company, LLC and guaranteed by the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.92%
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Rhea-AI Summary
Hut 8 Corp. (HUT) receives Approval and Vesting Order from Ontario Superior Court of Justice for the acquisition of four natural gas power plants, including the North Bay Bitcoin mine, in partnership with Macquarie Equipment Finance Ltd. The completion of the Transaction is expected to occur by February 15, 2024, and will result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
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Rhea-AI Summary
Hut 8 Corp. (Nasdaq | TSX: HUT) purchased a 63 MW substation in Culberson County, Texas to support near term growth optionality, with a focus on driving efficiencies at Canadian mining sites. The company continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company, with 9,195 miners and total hashrate under management of 21.5 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
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Rhea-AI Summary
Hut 8 Corp. (Nasdaq | TSX: HUT) has been approved to manage five sites, 122,000 machines, and more than 300 MW of energy as part of a reorganization plan filed in the Celsius Network LLC bankruptcy proceedings. Hut 8 will oversee the mining operations at these sites under a four-year mining management agreement, with the plan aiming to expediently build and efficiently manage mining operations while also building equity for creditors of Celsius through their equity interests in MiningCo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.3%
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Rhea-AI Summary
Hut 8 Corp. (Nasdaq | TSX: HUT) has signed an interim agreement to build out and install approximately 66,000 miners at a 215MW site in Cedarvale, Texas. The site is part of the Celsius Network LLC bankruptcy proceedings. Once complete, the site will house 66,000 miners and be powered by over 215 MW of energy. Hut 8's managed services business with 680 MW currently under management, coupled with their track record of swiftly standing up mining infrastructure and efficiently running and optimizing operations, were key factors in being chosen as the partners for this project. The goal is to build equity with creditors of Celsius while also growing the strength and vitality of Hut 8's managed services business, which is anticipated to have more than 895 MW of infrastructure under their umbrella once the site is up and running.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.81%
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Rhea-AI Summary
Hut 8 Corp. (HUT) declared successful bid for assets of Validus Power Corp. in partnership with Macquarie Equipment Finance Ltd. Completion expected in January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.75%
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Rhea-AI Summary
Hut 8 Corp. (HUT) has one of the largest self-mined Bitcoin reserves of any publicly traded company, with 9,129 BTC. The company has expanded its digital asset mining geographical footprint and is focusing on improving the efficiency of its self-mining operations in Canada while pursuing near-term growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.71%
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Rhea-AI Summary
Hut 8 Corp. (HUT) completes a business combination with U.S. Data Mining Group, Inc. creating a strong, diversified, and infrastructure-rich organization. The combined company, New Hut, is a U.S.-domiciled entity and will begin trading on Nasdaq and the TSX on December 4 under the ticker symbol 'HUT'. The transaction is the largest M&A deal in the industry, resulting in a consolidation of Hut 8 shares on a 5 to 1 basis and a share exchange ratio for shareholders of USBTC. New Hut has access to approximately 825 MW of gross energy across six sites with self-mining, hosting, and managed service operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.47%
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Rhea-AI Summary
U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC) stockholders have approved a business combination with Hut 8 Mining Corp. (Hut 8) (Nasdaq: HUT) (TSX: HUT), a leading digital asset mining company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
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Rhea-AI Summary
Hut 8 Mining Corp. (HUT) partners with Sparta Group’s ERS International to recycle retired miners and parts, earning 7,500 high-quality carbon credits. The partnership aims to achieve carbon neutrality by 2025, with Hut 8 submitting 369 metric tonnes of electronic waste to the program in 2023, generating 7,500 carbon credits. The initiative involves recycling obsolete ASIC miners, hash-boards, power supply units, cables, and other components, with all materials being responsibly processed or sold for re-use. Hut 8 is set to increase its carbon credits by 44% in 2023 compared to 2022, with all credits to be verified and received by Q2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
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Hut 8 Corp.
Nasdaq:HUT
HUT Rankings
HUT Stock Data
800.87M
78.71M
57.17%
11.11%
10.26%
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Financial Services
United States of America
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