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MINEHUB TECHNOLOGIES INC - $MHUBF STOCK NEWS

Welcome to our dedicated page for MINEHUB TECHNOLOGIES news (Ticker: $MHUBF), a resource for investors and traders seeking the latest updates and insights on MINEHUB TECHNOLOGIES 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 MINEHUB TECHNOLOGIES'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 MINEHUB TECHNOLOGIES's position in the market.

Rhea-AI Summary

MineHub Technologies Inc. appoints CEO Andrea Aranguren and industry veteran Troy Bullock to its Board of Directors. Andrea has been successful in advancing MineHub as a global leader in supply chain technology solutions, while Troy brings extensive experience in the Canadian technology sector. The company also grants 925,000 stock options and announces the resignations of Alison Graham and Arnoud Star Busman from the Board of Directors.

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MineHub Technologies Inc. (MHUBF) announces a post-consolidation of shares, reducing the number of outstanding shares by half. Approximately 68,134,675 common shares will be issued and outstanding after the consolidation. Shareholders will receive instructions for exchanging their shares from Odyssey Trust Company.
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Rhea-AI Sentiment
End-of-Day
3.73%
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Rhea-AI Summary
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has accelerated its commercialization efforts in 2023, securing major customers and partners like Codelco, Sumitomo, and a large global mining company. The Company also successfully integrated Waybridge Technologies, expanded its customer base to 152 companies, and signed significant contracts with industry giants. MineHub's advanced technology is poised to revolutionize the mining industry, enhancing efficiency, transparency, and sustainability. The Company's revenue has increased due to the acquisition of Waybridge, and it is well-positioned for growth and improved margins in 2024.
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End-of-Day
8.09%
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MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) achieved a record quarterly revenue of $650,977 in Q3- Fiscal 2024, representing a 1862% increase from the same period in 2022. The company reported a net loss of $1.4 million, reduced from $2.0 million in the prior year. MineHub's cumulative gross merchandise value (GMV) reached $9.1 billion in 2023. The company secured contracts with Codelco, the world's largest copper producer, and a prominent global mining company. Additionally, MineHub launched new transformative modules and closed a non-brokered private placement for total proceeds of $1,500,120.
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1.98%
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MineHub Technologies Inc. (MHUB) announces a strategic partnership with leading mining and commodity analysis labs, including ALS Global, to digitize the supply chain, enhance operational efficiencies, and boost profitability for clients.
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1.91%
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partnership
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MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) announces the successful launch of its cutting-edge platform with Corporación Nacional del Cobre de Chile (Codelco), the largest copper producer in the world. The three-year contract with Codelco aims to digitize its global refined copper business, offering heightened visibility, traceability, and operational efficiencies through MineHub's advanced technology. The platform provides unprecedented access to streamline operations and enhance collaboration for Codelco's customers, with a total value of integrated copper surpassing $3.5 billion USD (4.8 billion CAD), demonstrating immense scale and economic impact.
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End-of-Day
11.11%
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MineHub Technologies Inc. has launched a new Consignment Module on its platform, providing an accurate, real-time view of consignment stocks for manufacturers and suppliers. The module aims to improve inventory management and increase margins by reducing stockouts and improving customer service.
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MineHub achieved over $1 million in combined Total Revenue and Other Income in Fiscal Q2-2024. Management provides a positive outlook based on an expanded sales pipeline and recently announced contracts.
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5.63%
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MineHub CEO to present at investor conference on September 6, 2023
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0.17%
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MineHub announces launch of 'Enhanced ETAs', a predictive AI-powered shipment tracking and delivery module on its platform. This transformative module provides more precise ETA projections for given routes, improving supply chain management. MineHub is also using AI to improve internal operational efficiency and is evaluating future AI-driven initiatives for inventory management.
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End-of-Day
8.52%
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MINEHUB TECHNOLOGIES INC

OTC:MHUBF

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MHUBF Stock Data

10.56M
10.25%
13.29%
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