Hut 8 MiningNASDAQ: HUT

17.8 EH/s and 762 MW under management  $150 million investment from Coatue to support the buildout of next generation AI infrastructure platform

Miami, July 01, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. (“Coatue”).

MIAMI, June 27, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1st, 2024, according to a preliminary list of additions posted June 21st, 2024.

Funding will accelerate growth in Hut 8's data center portfolio Reinforces Hut 8's position as a market leader in sourcing, developing, and operating energy infrastructure MIAMI, June 24, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced that it has entered into a definitive agreement with a fund managed by Coatue Management, L.L.C. (“Coatue”) pursuant to which Coatue has agreed to invest $150 million into the Company through a convertible note (the “Note”).

Hut 8 (HUT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

The first global pizza chain to offer a tavern-style pizza, available nationwide PLANO, Texas , June 18, 2024 /PRNewswire/ -- Today Pizza Hut® announces its latest modern menu innovation, Chicago Tavern-Style Pizza, alongside a toppings transformation, marking the biggest toppings menu overhaul in over a decade. Pizza Hut is the first global pizza chain to offer a Tavern Pizza, in addition to being the first global QSR pizza brand to offer Chicken Sausage, Pesto Swirl and Spicy Sauce as permanent topping offerings.

The consensus price target hints at a 33.7% upside potential for Hut 8 (HUT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Melissa Friebe To Become Chief Marketing Officer, Pizza Hut U.S., from Taco Bell PLANO, Texas , May 20, 2024 /PRNewswire/ -- Today, Pizza Hut announced two new executive marketing appointments. Kalen Thornton will join the company as Global Chief Brand Officer reporting to Pizza Hut Division Chief Executive Officer, Aaron Powell, effective June 10.

Hut 8 Corporation (NASDAQ:HUT) Q1 2024 Earnings Conference Call is scheduled for May 15, 2024 at 8:30 AM ET. The call will feature CEO Asher Genoot and CFO Shenif Visram, with participants including Joseph Vafi, Bill Papanastasiou, George Sutton, John Todaro, and Mike Colonnese. Good morning and welcome to the conference call for Hut 8's Q1 2024 financial results. Following the presentation, there will be a Q&A session.