On August 12, Hut 8 Mining Corp rose 7.97% in regular trading, trading at $94.035/share, with turnover of $53.48 million. The stock continues its technical rebound following the digestion of weak Q2 earnings released on August 4.

On the news front, the company reported Q2 EPS of -$1.27, significantly missing the analyst consensus estimate of -$0.41, representing a 209.76% miss. Revenue of $74.93 million also fell short of the $79.75 million estimate. The stock had previously declined over 12% following the earnings release, with selling pressure now largely exhausted.

Supporting the rebound, the company previously signed a 15-year lease agreement with NVIDIA for its 1-gigawatt Beacon Point AI data center campus in Texas, with a base-term contract value of $19.6 billion. Each lease includes three five-year renewal options, potentially increasing total campus-level contract value to approximately $50.2 billion. This long-term infrastructure commitment provides substantial forward earnings visibility, leaving the fundamental investment thesis intact despite the near-term earnings shortfall.

(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.)