Bitcoin (CRYPTO: BTC) has soared to all-time highs following Donald Trump’s election win, also lifting Bitcoin mining stocks on a wave of positive sentiment. Here’s a look at what to watch as several Bitcoin miners are set to report earnings before Wednesday’s opening bell.
Hut 8 Corp.’s (NASDAQ:HUT) most recent mining update showed 85 Bitcoin produced in September and a hashrate of 19.5 EH/s. Investors will be looking for updated mining totals and average hashrate for the quarter, as well as an update on its GPU-as-a-service subsidiary Highrise AI, Inc. which began generating revenue in the third quarter.
Hut 8 stock notched a new 52-week high of $25.32 Monday as the price of Bitcoin reached all-time highs. Analysts expect the company to report losses of 33 cents per share and revenue of $38.468 million for the quarter.
Read Next: Super Micro Delisting …
Full story available on Benzinga.com