Hut 8 Corp (NASDAQ: HUT) shares are trading higher on Wednesday afternoon amid broader strength in crypto-related stocks, driven by a softer-than-expected May CPI report.
25.5 EH/s and 884 MW under management as Hut 8 executes closure of Drumheller site and prepares to energize Salt Creek site
9,102 Bitcoin on balance sheet positions Hut 8 to invest in growth as the halving
Shares of Kodiak Sciences Inc. (NASDAQ: KOD) fell sharply during Thursday’s session after the company reported a wider-than-expected fourth-quarter loss.
Kodiak Sciences posted a quarterly loss of $1.13 per share, compared to market expectations for a loss of 77 cents per share.
Hut 8 Corp reported a revenue of $60.6 million for the six months ended December 31, 2023, up from $46.0 million a year ago. EPS stood at $0.11 compared to a $(2.02) loss the prior year. The stock price surged after the results.