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Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.

Hut 8 Corp (NASDAQ:HUT) stock tanked in early Tuesday trading after the company reported mixed second-quarter earnings. The stock price saw redemption on Wednesday.

Hut 8 Corp. NASDAQ: HUT is a vertically integrated cryptocurrency mining company operating in North America. It is one of the largest operators of large-scale energy infrastructure and provides a comprehensive suite of services, including self-mining, hosting, managed services, and traditional data center operations.

For crypto investors, blockchain stocks are important assets to consider. These publicly-traded companies provide liquid exposure to broader crypto trends.

Call Start: 08:30 January 1, 0000 9:21 AM ET Hut 8 Corp. (NASDAQ:HUT ) Q2 2024 Earnings Conference Call August 13, 2024 08:30 ET Company Participants Asher Genoot - Chief Executive Officer Shenif Visram - Chief Financial Officer Sean Glennan - Incoming Chief Financial Officer Conference Call Participants John Todaro - Needham Mike Colonnese - HC Wainwright Operator Good morning and welcome to Hut 8's Q2 2024 Financial Results Conference Call. After today's presentation, there will be an opportunity to ask questions.

Hut 8 Corp (NASDAQ:HUT) will report fiscal first-quarter earnings before the open tomorrow, Aug 13.

As the core mechanism behind the inner workings of cryptocurrencies, the blockchain represents one of the most revolutionary innovations.  By creating a decentralized value accountability system, the blockchain addresses the double-spending problem associated with digital payments.