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Hut 8 Q2 Earnings Miss Sends Shares Lower as CEO Prioritizes AI Deliveries

Stocktwits +1 ·

HUT
HUT Hut 8 Corp
$101.16 -9.74%
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  1. 1Hut 8 (HUT) shares fell after its second-quarter revenue and results missed Wall Street expectations.
  2. 2The per-share loss came in at $1.27, wider than the expected $0.64 loss, while revenue of $74.9 million came in below the $80.0 million consensus.
  3. 3CEO Arthur Gennotte said that delivering AI infrastructure projects such as River Bend and Beacon Point is the current top priority.

This 3-line summary is compiled from the report below.

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