On August 12, Hut 8 Mining Corp rose 5.16% in pre-market trading, trading at $92.24/share, with turnover of approximately $4.15 million, continuing a multi-session recovery pattern following post-earnings selling exhaustion.

The rebound comes after the company reported Q2 results on August 4 that significantly missed expectations, with EPS of -$1.27 versus the analyst consensus estimate of -$0.41, and revenue of $74.93 million falling short of the $79.75 million estimate. The stock had cumulatively declined over 12% following the report, with selling pressure now largely dissipated.

Supporting the recovery, Hut 8 previously secured a landmark $19.6 billion base-term contract consisting of two 15-year triple-net leases with a high-investment-grade tenant — identified as Nvidia — for its 1-gigawatt Beacon Point AI data center campus in Texas. Each lease includes three five-year renewal options, bringing the total potential contract value to approximately $50.2 billion. The facility will be built to Nvidia DSX reference architecture, with initial delivery expected in Q2 2028. This long-term revenue visibility provides fundamental support despite near-term earnings weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)