Hut 8

HUT

Market cap $14.2B

Eidelman most recently led investor relations at NextEra Energy after 17 years in corporate and investment banking at J.P. Morgan Appointment follows the contracting of $16.8 billion in data center lease revenue and the closing of a landmark investment-grade construction bond issuance as the Company pursues a corporate investment-grade rating MIAMI, June 4, 2026 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the appointment of Mark Eidelman as Head of Investor Relations and Senior Vice President of Strategic Finance.

Bitcoin prices fell this week after cryptocurrency treasury company Strategy revealed it sold a small amount of its bitcoin holding. Traders on prediction market Kalshi think it's likely that the cryptocurrency will fall below $60,000, which would mark a new low in 2026.

Investment expected to increase long-term system capacity alongside development of River Bend AI data center campus BATON ROUGE, La., May 19, 2026 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases, today announced an agreement with West Feliciana Parish, Louisiana, to invest approximately $16 million to expand local water system capacity in connection with the development of its River Bend AI data center campus.

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Asher Genoot, Hut 8 CEO, joins 'Power Lunch' to discuss demand the company is seeing, how much power the company has to sell and much more.

Canaccord raised its price target on Hut 8 (NASDAQ:HUT) stock to $130 from $70, keeping its Buy rating.