{"id":2704,"date":"2024-11-14T18:48:38","date_gmt":"2024-11-14T18:48:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2704"},"modified":"2024-11-14T18:48:38","modified_gmt":"2024-11-14T18:48:38","slug":"bitcoin-miner-hut-8-shares-dip-despite-strong-q3-analysts-remain-bullish-on-ai-crypto-potential","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2704","title":{"rendered":"Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential"},"content":{"rendered":"<div>\n<p><strong>Hut 8 Corp <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HUT#NASDAQ\">HUT<\/a>) shares were down Thursday morning, despite the company reporting upbeat third-quarter results and <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41951961\/bitcoin-to-100k-benzinga-readers-predict-if-btc-can-hit-new-milestone-before-end-of-2024\">Bitcoin prices surging past $90,000<\/a>.<\/p>\n<p>The company reported its results amid an <a href=\"https:\/\/www.benzinga.com\/earnings\">exciting earnings season<\/a>. Here are some key analyst takeaways.<\/p>\n<h1 class=\"wp-block-heading\"><strong>Needham On Hut 8<\/strong><strong><\/strong><\/h1>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-stock-ratings\/analyst\/61f3ddfca8bef8000120d89f\/john-todaro\">Analyst John Todaro<\/a> reiterated a Buy while lifting the price target from $21 to $32.<\/p>\n<p>Hut 8 reported third-quarter revenues of $44 million, beating consensus of $35 million, with losses of 13 cents per share, better than the consensus of 29 cents per share, Todaro said in a note. The company is moving from being &#8220;one of the highest cost Bitcoin producers to one of the lowest,&#8221; he added.<\/p>\n<p>The recent efficiency gains and power cost reduction by Hut 8 bode well for its EBITDA growth through 2025, the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/earnings\/earnings-beats\/24\/11\/41984593\/bitcoin-miner-hut-8-shares-dip-despite-strong-q3-analysts-remain-bullish-on-ai-crypt\" alt=\"Bitcoin\" miner hut shares dip despite strong q3 analysts remain bullish on ai crypto potential>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hut 8 Corp (NASDAQ:HUT) shares were down Thursday morning, despite the company reporting upbeat third-quarter results and Bitcoin prices surging past $90,000. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Needham On Hut 8 Analyst John Todaro reiterated a Buy while lifting the price target from $21 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2704","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2704"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2704\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}