Hut 8 gets Buy rating as Benchmark feels good about post-merger outlook

seekingalpha04-22

Benchmark analyst Mark Palmer started coverage of Hut 8 Corp. (NASDAQ:HUT) with a Buy rating on Monday as the company's merger with US Bitcoin Corp. that closed last November "features a diversified ...

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(NASDAQ:HUT) with a Buy rating on Monday as the company's merger with US Bitcoin Corp. that closed last November \"features a diversified ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091940-hut-8-gets-buy-rating-as-benchmark-feels-good-about-post-merger-outlook\">Source Link</a>\n\n</div>\n","source":"seekingalpha_crypto","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hut 8 gets Buy rating as Benchmark feels good about post-merger outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHut 8 gets Buy rating as Benchmark feels good about post-merger outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091940-hut-8-gets-buy-rating-as-benchmark-feels-good-about-post-merger-outlook><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Benchmark analyst Mark Palmer started coverage of Hut 8 Corp. (NASDAQ:HUT) with a Buy rating on Monday as the company's merger with US Bitcoin Corp. that closed last November \"features a diversified ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091940-hut-8-gets-buy-rating-as-benchmark-feels-good-about-post-merger-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUT","symbol_name":"Hut 8 Mining Corp","start_time":0,"source_url":"https://seekingalpha.com/news/4091940-hut-8-gets-buy-rating-as-benchmark-feels-good-about-post-merger-outlook","article_id":"2429927022","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/912727778/image_912727778.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429927022","pubTimestamp":1713796245,"sourceInfo":{"source_id":"seekingalpha_crypto","name":"Seeking Alpha Cypto"},"weMediaInfo":null,"summary":"Benchmark analyst Mark Palmer started coverage of Hut 8 Corp. (NASDAQ:HUT) with a Buy rating on Monday as the company's merger with US Bitcoin Corp. that closed last November \"features a diversified b","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUT":"Hut 8 Mining Corp","BK4023":"应用软件","BK4595":"比特币概念"},"translate_title":"Hut 8获得买入评级，基准对合并后前景感觉良好","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUT":1},"content_text":"Benchmark analyst Mark Palmer started coverage of Hut 8 Corp. (NASDAQ:HUT) with a Buy rating on Monday as the company's merger with US Bitcoin Corp. that closed last November \"features a diversified business model with multiple revenue streams,\" from self-mining to hosting to high-performance computing. Shares of Hut 8 (HUT) climbed 6.9% in Monday morning trading. Do note that the price of bitcoin (BTC-USD), which HUT has a strong relationship, also gained 2.2%.  Palmer thinks HUT's discount to peers will shrink in the future as the company implements its self-mining expansion plans, he wrote in a note. Management, which previously ran USBTC, \"has held off on purchasing new mining rigs to bolster its self-mining hash rate given its expectation that more efficient 3 nanometer rigs will become available in the coming months, followed by even more efficient 2 nanometer rigs.\" What's more, he added, the bitcoin (BTC-USD) miner \"has focused on actions aimed at reducing the company’s cost of mining bitcoin and its realized cost of energy and increasing its cash flow.\" Palmer's Buy rating diverges from the average sell-side analyst rating of Hold.  More on Hut 8 Mining  Hut 8 Mining Corp. (HUT) Q4 2023 Earnings Call Transcript From Bull To Bear: Recent Events Drove Me To Exit My Position In HUT 8 Hut 8 Post-Merger Comprehensive Thesis: JCapital Research Might Be Right Biggest stock movers today: CAH, INFA, crypto-related stocks and more Crypto market heats up ahead of halving event: Bitcoin surpasses $72K again","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429927022"}