Shares of Hut 8 Mining Corp (HUT – Research Report) were revisited by a Wall Street analyst today. Analyst George Sutton from Craig-Hallum reiterated a Hold rating
According to TipRanks.com, Sutton is a 5-star analyst with an average return of 10.7% and a 50.4% success rate. Sutton covers the Technology sector, focusing on stocks such as Transact Technologies, Integral Ad Science, and Freightos Limited.
Currently, the analyst consensus on Hut 8 Mining Corp is a Moderate Buy with an average price target of C$4.23.
The company has a one-year high of C$5.98 and a one-year low of C$1.08. Currently, Hut 8 Mining Corp has an average volume of 3.63M.
Hut 8 Mining Corp is a cryptocurrency mining company with industrial scale bitcoin mining operations in Canada. It provides investors with direct exposure to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. It is in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The company receives bitcoin in return from the commercial activity of bitcoin mining.
The company’s shares closed last Friday at C$2.84.
Read More on TSE:HUT:
- Hut 8 Provides Update on Business Combination with USBTC: Obtains Final Order for Plan of Arrangement from the Supreme Court of British Columbia
- Hut 8 Announces Voting Results From Special Meeting
- Hut 8 Mining mined 103 Bitcoin in August
- Largest borrow rate increases among liquid names
- Here’s What You Missed in Crypto This Week
