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Hut 8 Mining Reports Q2 Loss, Revenue Trails Analyst Estimates
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Hut 8 Mining Reports Q2 Loss, Revenue Trails Analyst Estimates
Aug 13, 2024 4:21 AM

07:05 AM EDT, 08/13/2024 (MT Newswires) -- Hut 8 Mining (HUT) reported a Q2 net loss of $0.78 per diluted share.

No comparable figures were available.

The company said results for the first half of 2023 provided in its income statement reflect US Data Mining Group's standalone performance before its all-stock merger with Hut 8 Mining on Nov. 30.

Revenue for the quarter ended June 30 was $35.2 million.

Analysts surveyed by Capital IQ expected $46.9 million.

Shares of Hut 8 ( HUT ) were down 3.3% in recent premarket activity.

Price: 11.00, Change: -0.39, Percent Change: -3.42

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