Roth Capital initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $25.00

Citizens JMP initiated coverage of Hut 8 Mining with a rating of Mkt Outperform and set a new price target of $25.00

B. Riley Securities initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $25.00

Maxim Group initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $20.00

Northland Capital initiated coverage of Hut 8 Mining with a rating of Outperform and set a new price target of $20.00

BTIG Research initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $18.00

Rosenblatt initiated coverage of Hut 8 Mining with a rating of Buy and set a new price target of $23.00

Keefe Bruyette initiated coverage of Hut 8 Mining with a rating of Outperform

Piper Sandler initiated coverage of Hut 8 Mining with a rating of Overweight and set a new price target of $33.00

Cantor Fitzgerald initiated coverage of Hut 8 Mining with a rating of Overweight and set a new price target of $35.00

Positions American Bitcoin to become a publicly traded vehicle for low-cost Bitcoin accumulation at scale MIAMI, May 12, 2025 /PRNewswire/ -- American Bitcoin Corp. ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, today announced that it has entered into a definitive merger agreement with Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is e

MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the American Bit

ASIC fleet upgrade drives 79% increase in hashrate and 37% improvement in fleet efficiency quarter-over-quarter Launch of American Bitcoin accelerates Hut 8's evolution as an integrated energy infrastructure platform Earnings Release Highlights Revenue of $21.8 million, net loss of $134.3 million, and Adjusted EBITDA of ($117.7) million.Total energy capacity under management of 1,020 megawatts ("MW") as of March 31, 2025.~10,800 MW development pipeline with ~2,600 MW of capacity under exclusivity as of March 31, 2025.Strategic Bitcoin reserve of 10,264 Bitcoin with a market value of $847.2 million as of March 31, 2025. MIAMI, May 08, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:

MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced it will release financial results for the first quarter of 2025 before the market opens on May 8, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET. Conference Call and Webcast Details Date: Thursday, May 8, 2025Time: 8:30 a.m. ET Investors can join the live webcast here. Analysts can register here. Supplemen

102% increase in deployed hashrate from an average of 4.6 EH/s in February 2025 to 9.3 EH/s as of the end of March 2025 31% improvement in fleet efficiency from an average of 29.3 J/TH in February 2025 to 20.1 J/TH as of the end of March 2025 Launch of American Bitcoin in partnership with Eric Trump MIAMI, April 04, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today released its operations update for March 2025. "This month, we achieved strong a

American Bitcoin Highlights American Bitcoin aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reservePath to 50+ EH/s at average fleet efficiency of <15 J/TH with goal of becoming a publicly listed company MIAMI, March 31, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the launch of American Bitcoin Corp. ("American Bitcoin"), a majority-owned subsidiary of Hut 8 focused exc

592-acre site secured for newest River Bend campus in Louisiana ASIC fleet upgrade underway with deployment of new miners  Vega development progressing on schedule for Q2 energization MIAMI, March 06, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today released its operations update for February 2025. "We made significant progress in February across every layer of our platform, from expanding our footprint to developing digital infrastructure and

Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour ("MWh") of $31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 megawatts ("MW") as of December 31, 2024.12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.Strategic Bitcoin reserve of 10,171 Bit

Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr

MIAMI, Feb. 10, 2025 (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 it will release financial results for the full year of 2024 before the market opens on March 3, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET. Conference Call and Webcast Details Date: Monday, March 3, 2025Time: 8:30 a.m. ET Investors can join the live webcast here. Analysts can register here. Supplemental Materials and Upcoming Communications The Company expects to make availab

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ASIC fleet upgrade drives 79% increase in hashrate and 37% improvement in fleet efficiency quarter-over-quarter Launch of American Bitcoin accelerates Hut 8's evolution as an integrated energy infrastructure platform Earnings Release Highlights Revenue of $21.8 million, net loss of $134.3 million, and Adjusted EBITDA of ($117.7) million.Total energy capacity under management of 1,020 megawatts ("MW") as of March 31, 2025.~10,800 MW development pipeline with ~2,600 MW of capacity under exclusivity as of March 31, 2025.Strategic Bitcoin reserve of 10,264 Bitcoin with a market value of $847.2 million as of March 31, 2025. MIAMI, May 08, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:

MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced it will release financial results for the first quarter of 2025 before the market opens on May 8, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET. Conference Call and Webcast Details Date: Thursday, May 8, 2025Time: 8:30 a.m. ET Investors can join the live webcast here. Analysts can register here. Supplemen

American Bitcoin Highlights American Bitcoin aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reservePath to 50+ EH/s at average fleet efficiency of <15 J/TH with goal of becoming a publicly listed company MIAMI, March 31, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the launch of American Bitcoin Corp. ("American Bitcoin"), a majority-owned subsidiary of Hut 8 focused exc

Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour ("MWh") of $31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 megawatts ("MW") as of December 31, 2024.12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.Strategic Bitcoin reserve of 10,171 Bit

MIAMI, Feb. 10, 2025 (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 it will release financial results for the full year of 2024 before the market opens on March 3, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET. Conference Call and Webcast Details Date: Monday, March 3, 2025Time: 8:30 a.m. ET Investors can join the live webcast here. Analysts can register here. Supplemental Materials and Upcoming Communications The Company expects to make availab

Earnings Release Highlights Revenue of $43.7 million, net income of $0.9 million, and Adjusted EBITDA of $5.6 millionEnergy cost per MWh of $28.83, a 33% decrease from $42.73 in the prior year periodMined 234 Bitcoin at a weighted average revenue per Bitcoin mined of $61,025, compared to a cost to mine of $31,4829,106 Bitcoin held in reserve with a market value of $576.5 million and total cash of $72.9 million as of September 30, 2024 MIAMI, Nov. 13, 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 its fin

20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s Vega site buildout advancing on track for Q2 2025 energization MIAMI, Nov. 05, 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 released its operations update for October 2024. "Following the announcement of our partnership with BITMAIN to launch the U3S21EXPH with a 15 EH/s hosting deployment, progress continues on our 205-megawatt Vega site, which will feature the custom rack-based architecture we developed in-house for the project," said Asher Ge

MIAMI, Oct. 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, will host a conference call and webinar on Wednesday, November 13, 2024 to review third quarter 2024 results. Who:Analysts, media, and investors are invited to attend.What:Hut 8 executives will review the Company's financial results for the third quarter of 2024.When:Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on November 13, 2024. The conference call and webinar will begin at 8:30 a.m. ET.Where:The webcas

Revenue of $35.2 million and 9,102 self-mined Bitcoin on balance sheet as of quarter end Closed $150 million strategic investment from Coatue to partner in building AI infrastructure MIAMI, Aug. 13, 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 its financial results for the three and six months ended June 30, 2024. "Our results this quarter reflect the ambitious restructuring program we set in motion six months ago," said Asher Genoot, CEO of Hut 8. "Despite the network halving, gross margins in our Digita

18.0 EH/s and 762 MW under management in mining Announced plans for a 205 MW site in Texas MIAMI, Aug. 05, 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 released its operations update for July 2024. "We are continuing to see the impact of our ongoing optimization efforts in our self-mining business," said Asher Genoot, CEO of Hut 8. "Our average energy cost has declined materially since bringing Salt Creek online and completing the planned deployment of our curtailment software, and we continue to build and refine