The post Hut 8 stock price forms cup-and-handle ahead of earnings appeared on BitcoinEthereumNews.com.

Hut 8 stock price has risen for three consecutive months and is nearing its highest level this year as the company prepares to publish its financial results. Summary Hut 8 share price has jumped for three consecutive months. The company has formed a cup-and-handle pattern. It will publish the financial results later on Tuesday. Hut 8, a top company in the Bitcoin (BTC) mining and an upcoming artificial intelligence data center industry, rose to $57, up by over 1,285% from its lowest level in 2023. This surge has brought its market capitalization to over $6.2 billion. Hut 8 has done well despite the ongoing Bitcoin price crash because of its pivot to the data center industry. It recently entered a major deal with Anthropic, the creator of Claude.  This deal will see it build the River Bend campus, which will have a capacity of 2,295 megawatts of infrastructure in three tranches. The deal will be worth billions of dollars in the next few years. The next key catalyst for the Hut 8 stock price will be the upcoming earnings, which will come out on Tuesday.  Data compiled by Yahoo Finance shows that the revenue will be $95 million, up by 200% from the same period in 2024. Its annual revenue will be over $241 million, up by 48% on an annual basis. Its deal with Anthropic and Google will help it grow its revenue this year to over $425 million, up by 76% on an annual basis. Analysts also expect the earnings-per-share will be a loss of 15 cents from a profit of 1.55 in the same period in 2024.  Wall Street analysts are largely bullish on the company. Some of the mosy bullish ones are HC Wainwright, Roth Mkm, and KBW, which have placed a target of $80, $80,…

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Filed under: News - @ February 24, 2026 9:26 pm