NasdaqGS:HUTSoftware
Hut 8 (NasdaqGS:HUT) Valuation in Focus After Strategic Power Plant Divestment to TransAlta
Hut 8 (NasdaqGS:HUT) has drawn fresh attention from investors after announcing the sale of its natural gas-fuelled power plants in northeastern Ontario to TransAlta. This move reflects a shift in strategy and capital allocation.
See our latest analysis for Hut 8.
The reshuffling of Hut 8’s assets has coincided with striking share price volatility. The 1-day share price return recently surged 6.2%, and the 7-day return jumped over 31%. However, the 30-day period saw an 11.2% decline. Still,...