Hut 8 Mining stock rallies after 277 bitcoin generated in September

Shares of Hut 8 Mining Corp. /zigman2/quotes/208114896/composite HUT +1.91% /zigman2/quotes/201015245/delayed CA:HUT +1.56% rallied 4.2% in premarket trading Tuesday, after the bitcoin miner said it generated 277 bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.99% in September, at an average rate of 9.2 bitcoin per day. That brings the company's total bitcoin held in reserve to 8,388, which at current prices would be valued at about $167.6 million. "We continue to add to our Bitcoin on balance sheet, which is the largest unencumbered, self-mined stack of any publicly-traded mining company," said Chief Executive Jaime Leverton. The stock has run up 38.4% over the past three months, while bitcoin has gaied 2.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.27% has lost 3.8%.

/zigman2/quotes/208114896/composite

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Hut 8 Mining Corp.

US : U.S.: Nasdaq

$ 1.94

+0.04 +1.91%

Volume: 2.86M

Sept. 25, 2023 11:46a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$421.69 million

Rev. per Employee

$700,774

/zigman2/quotes/201015245/delayed

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Hut 8 Mining Corp.

CA : Canada: Toronto

$ 2.60

+0.04 +1.56%

Volume: 764,454

Sept. 25, 2023 11:31a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$567.53 million

Rev. per Employee

$935,796

/zigman2/quotes/31322028/realtime

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Bitcoin USD

US : CoinDesk

26,257.60

-262.16 -0.99%

Volume: 0.00

Sept. 25, 2023 11:44a

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,331.52

+11.46 +0.27%

Volume: 0.00

Sept. 25, 2023 11:46a