Hut

Hut 8 Operations Update for March 2024

Retrieved on: 
Friday, April 5, 2024
Bitcoin, Managed services, Medicine Hat, Hosting, Hut, Alpha, Miner, Hut 8, BTC, Ionic

MIAMI, April 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 March 2024.

Key Points: 
  • (4) Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
  • (5) Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
  • (13) 4.7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during March and February.
  • At Ionic Digital’s Cedarvale site in Ward County, Texas, the Hut 8 team completed the initial phase of construction and is preparing to energize the site.

Hut 8 Corp. investors: Please contact the Portnoy Law Firm to recover your losses; April 8, 2024 deadline.

Retrieved on: 
Tuesday, March 12, 2024
Bitcoin, Mining, Hut 8, History, Hut, Cryptocurrency

​LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hut 8 Corp. (NASDAQ: HUT) investors that a lawsuit was filed on behalf of investors that purchased Hut securities between November 9, 2023 and January 18, 2024, inclusive (the “Class Period”).

Key Points: 
  • ​LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hut 8 Corp. (NASDAQ: HUT) investors that a lawsuit was filed on behalf of investors that purchased Hut securities between November 9, 2023 and January 18, 2024, inclusive (the “Class Period”).
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • Following the revelation of these details, Hut 8's share price dropped by $2.16 or 23.3%, ending at $7.12 per share on January 18, 2024.
  • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

Hut 8 Operations Update for February 2024

Retrieved on: 
Tuesday, March 5, 2024
Golf, Echo, Miner, Medicine Hat, Hut 8, Foxtrot, Ionic, Hosting, Managed services, Hut, Medicine

MIAMI, March 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT), (“Hut 8” or the “Company”) one of North America’s largest Bitcoin miners and energy infrastructure operators, is proud to share its operations report for February 2024.

Key Points: 
  • (3) Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the Echo site (King Mountain, TX).
  • (4) Self-Mining operations for Hut 8 Corp. include all operations at the Echo site (King Mountain, TX).
  • (5) Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100.
  • Hut 8’s digital asset mining geographical footprint includes the following sites as of March 1, 2024:

HUT INVESTOR ALERT: Kirby McInerney LLP Notifies Hut 8 Corp. (HUT) Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

Retrieved on: 
Monday, March 4, 2024
Bitcoin, Acquisition, Research, News, Hut 8, Bankruptcy, LLP, Defendant, Hut, Cryptocurrency

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.

Key Points: 
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kirby McInerney LLP Reminds Hut 8 Corp. (HUT) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 23, 2024
Class Action Lawsuit, Professional Services, Legal, Bitcoin, Acquisition, Court, Research, News, District court, Hut 8, Bankruptcy, Defendant, Hut

Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website .

Hut 8 completes transaction to acquire four power generation facilities totaling 310 MW in partnership with Macquarie

Retrieved on: 
Thursday, February 15, 2024
TSX, Transaction, Macquarie Group, Hut 8, Hut, Partnership, Cryptocurrency

“We have developed a deep partnership with Macquarie throughout this process and are actively working with them on a plan to generate a return on our ownership interest in these assets in the near term,” said Hut 8 CEO Asher Genoot.

Key Points: 
  • “We have developed a deep partnership with Macquarie throughout this process and are actively working with them on a plan to generate a return on our ownership interest in these assets in the near term,” said Hut 8 CEO Asher Genoot.
  • With the completion of the Transaction, Macquarie has entered into a new secured funding arrangement with Far North in the form of an operating lease facility.
  • In addition, Macquarie now holds a minority equity interest of approximately 20% in Far North, and Hut 8, indirectly, is the majority owner and holds an approximately 80% interest.
  • The completion of the Transaction has also resulted in the full and final resolution of all litigation claims and counterclaims made between Hut 8 and certain Validus Power Corp. entities.

Kirby McInerney LLP Reminds Hut 8 Corp. (HUT) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, February 14, 2024
Bitcoin, Acquisition, Court, Research, News, District court, Hut 8, Bankruptcy, Defendant, Hut

Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Hut 8 Corp. (HUT) Investors

Retrieved on: 
Thursday, February 8, 2024
Class Action Lawsuit, Professional Services, Legal, Bitcoin, Hut, News, Acquisition, District court, Defendant, Research, Bankruptcy, Hut 8, Court

Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website .

Hut 8 Announces Leadership Transition

Retrieved on: 
Wednesday, February 7, 2024
Bitcoin, Hut 8, TSX, Hut, Growth, Management

MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT), (“Hut 8” or the “Company”) today announced that Asher Genoot, President and a member of the Hut 8 Board of Directors, has been appointed Chief Executive Officer, effective immediately.

Key Points: 
  • MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT), (“Hut 8” or the “Company”) today announced that Asher Genoot, President and a member of the Hut 8 Board of Directors, has been appointed Chief Executive Officer, effective immediately.
  • The Hut 8 Board of Directors (the “Board”) has determined, following the completion of the Company’s merger of equals, the time was right to set a new strategic direction for the Company and that a transition of leadership was appropriate.
  • “The merger of equals of Hut 8 and US Bitcoin Corp was a transformational moment for both companies,” said Bill Tai, Chairman of the Board of Hut 8.
  • “Hut 8 is now at a pivotal inflection point, and we believe that Asher is uniquely qualified to accelerate our path to market leadership.

Hut 8 Operations Update for January 2024

Retrieved on: 
Tuesday, February 6, 2024
Managed services, Miner, Hut 8, Hut, Weather, Hosting, Echo

MIAMI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT), (“Hut 8” or the “Company”) one of North America’s largest, most innovative digital asset mining pioneers and high performance computing infrastructure providers is proud to share its operations report for January 2024.

Key Points: 
  • (3)   Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the Echo site (King Mountain, TX).
  • (4)   Self-Mining operations for Hut 8 Corp. include all operations at the Echo site (King Mountain, TX).
  • The team performed preventative maintenance on key infrastructure that required some of Hut 8’s machines to be temporarily offline during the month.
  • Hut 8’s digital asset mining geographical footprint includes the following sites as of February 1, 2024: