Hut 8 Corp. (NASDAQ:HUT) stock is falling on Wednesday due to a mix of broader tech-sector and digital asset sell-offs ahead of its upcoming earnings report.
The Nasdaq is down 0.93% while the S&P 500 has shed 0.73%, and Technology is also lagging with a 2.1% loss.
Hut 8 is scheduled to report financial results on August 4. Consensus projections expect an EPS loss of 32 cents, down from $1.18 in the same period last year. Meanwhile, analysts project revenue of $81 million, up from $41.30 million year-over-year.
Wall Street Analyst Consensus
The stock carries a consensus Buy rating with an average price forecast of $103.
