Hut 8 Mining Corp. HUT shares are buying and selling greater by 17.6% to $3.48 Friday afternoon on continued power after the corporate Thursday reported 30.7% year-over-year income development.
What Occurred?
Hut 8 says income elevated by $10.3 million to $43.8 million in comparison with $33.5 million for the quarter ended June 30, 2021.
The Firm mined 946 Bitcoin within the quarter ended June 30, 2022, a 71% enhance in comparison with the identical interval in 2021 as a consequence of a rise in hashrate from further extremely environment friendly miners and preliminary ramping of actions at Hut 8’s third mining web site in North Bay, Ontario… Read More
See Additionally: Here’s Why Bitcoin- And Ethereum-Related Stock Marqeta Is Getting Hammered
Based on information from Benzinga Pro, Hut 8 Mining has a 52-week excessive of $8.34 and a 52-week low of $1.27.
