Latest news with #HUT
Hans India
24-05-2025
- Politics
- Hans India
Pakistan links of arrested JMB activist in Bengal being probed
Kolkata: Pakistan links of one of the three Indian associates of Bangladesh-based Islamic fundamentalist group Jamaat-ul-Mujahideen Bangladesh (JMB), who were arrested by the Special Task Force (STF) of West Bengal Police earlier, are being probed. Sources said coded encrypted messages recovered from the mobile phones of Aazmal Hossain and Saheb Ali Khan, who were arrested from Birbhum district earlier this month, show their links only with associates of Bangladesh-based fundamentalist outfits, namely JMB, Hizb-ut-Tahrir (HUT), and Ansarullah Bangla Team (ABT). However, the sources added that similar coded and encrypted messages recovered from the mobile phones of the third arrested local associate of JMB, Abasuddin Molla, show his regular communication with some individuals based out of Pakistan as well as with those associated with the Jammu and Kashmir-based fundamentalist group Ansar Ghazwat-ul-Hind. Molla was arrested from Paturi village in the minority-dominated Diamond Harbour area in South 24 Parganas district of West Bengal, just a day after two others were held from Birbhum district. The cops have also recently updated a district court in Birbhum about their initial findings against these arrested accused, both from interrogation as well as through the coded and encrypted messages recovered from their mobile phones. The investigating officials, the sources added, are currently interrogating the trio to get details of their recruits for the sleeper cells of JMB in the state. Recently, the Union Home Ministry received information from intelligence agencies about the alleged role of illegal Bangladeshi intruders behind the violence and vandalism at the minority-dominated Murshidabad district over violent protests against the newly promulgated Waqf (Amendment) Act. The names of JMB, HUT and ABT surfaced in that intelligence input. However, considering the geographical locations of the pockets where the tension and violence had been maximum this time, especially Samserganj, the possibility of ABT playing some role behind the latest violence sounded more logical. On the eastern side of the international borders at Samserganj and Dhulian, is the Bangladeshi district of Chapai-Nawabganj, which is considered the stronghold of ABT. The sources added that because of this geographical proximity, the chances of ABT's involvement in the latest developments at Murshidabad are most likely.
Yahoo
12-05-2025
- Business
- Yahoo
American Bitcoin Spin-Off, AI Ambitions To Boost Hut 8 Stock: Analyst
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Hut 8 Corp. (NASDAQ:HUT) and reiterated the $32 price forecast. The analyst writes that he sees consistent progress at Hut 8 under the leadership of CEO Asher Genoot and his team, who have been in place for approximately five quarters. While the past year has primarily involved operational streamlining and realignment within Hut 8, Vafi believes the future holds more significant the analyst expects Hut 8 to navigate the complex challenge of maximizing the value of its Bitcoin (CRYPTO: BTC/USD) miner power portfolio and existing assets while simultaneously pursuing emerging opportunities in AI hosting without hindering either endeavor. The analyst notes that the U.S. Bitcoin miners have grown via capital markets, but public markets often undervalue them despite strong returns and potential cost advantage over direct BTC buys. The analyst adds that the company's American Bitcoin vision might prioritize BTC accumulation over max mining output, potentially mirroring MicroStrategy's treasury success. Overall, the involvement of Eric and Donald Trump Jr. in American Bitcoin suggests that the new company's activities will likely extend beyond solely mining Bitcoin, writes the analyst. Today, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) disclosed a definitive stock-for-stock merger deal with American Bitcoin, a majority-owned subsidiary of Hut 8, for an undisclosed amount. Upon closing, the combined entity will operate under the American Bitcoin brand and is expected to trade on the Nasdaq under the ticker 'ABTC.' On Thursday, Hut 8 reported a loss per share of $1.30, below the estimated 24 cents, and sales of $21.82 million fell short of the estimated $33.28 million. Price Action: HUT shares are up 11.1% at $15.43 at the last check on Monday. Image via Shutterstock Date Firm Action From To Nov 2021 Canaccord Genuity Maintains Buy Nov 2021 HC Wainwright & Co. Maintains Buy Nov 2021 HC Wainwright & Co. Maintains Buy View More Analyst Ratings for HUT View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article American Bitcoin Spin-Off, AI Ambitions To Boost Hut 8 Stock: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
San Francisco Chronicle
08-05-2025
- Business
- San Francisco Chronicle
Hut 8: Q1 Earnings Snapshot
MIAMI (AP) — MIAMI (AP) — Hut 8 Corp. (HUT) on Thursday reported a loss of $133.9 million in its first quarter. The Miami-based company said it had a loss of $1.30 per share. Losses, adjusted for non-recurring costs, were 18 cents per share. The crypto currency mining company posted revenue of $21.8 million in the period. _____
Time of India
02-05-2025
- Politics
- Time of India
ATS arrest fifth HUT operative from Dhanbad
1 2 Ranchi: The state anti-terrorism squad (ATS) on Thursday arrested Ammar Yashar, an operative of the terror organisation Hizb-ul-Tahrir (HUT), from Dhanbad taking the total number of arrests in the ongoing investigation against the banned organisation to five. The ATS on Friday said Yashar was also a former Indian Mujahideen (IM) operative and Jodhpur police had arrested him in this connection in 2014. He came out on bail in May 2024 and joined HuT in Dhanbad. According to the ATS, at least three cases are registered against Yashar under relevant sections of the Indian Penal Code, the Arms Act and the Unlawful Activities Prevention Act (UAPA) in different police stations of Jaipur and Jodhpur in Rajasthan. Earlier on April 26, the ATS conducted raids at about one dozen places in the Bank More area of Dhanbad and arrested four HUT members identified as Gulfam Hasan, Ayaan Jawed, Md Sehjaad Alam and Sabnam Parvin. Two pistols, 12 cartridges, several electronic devices, including mobile phones, a laptop and a large number of documents and books related to various banned organisations, were seized from them. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos 33 Bridges Undo "During interrogation, Jawed provided information about Yashar's involvement with the HUT. He was nabbed from the Shamsher Nagar area of Dhanbad. Suspicious documents linking him to the banned group have also been seized. He was produced in court and subsequently sent to jail." Notably, HUT was banned under UAPA by the Centre on October 10, 2024. The ATS has registered the first criminal case against the organisation in the country following the ban. The case has been registered under sections related to punishment for organising a camp to impart training in terrorism and involvement in terrorism under the UAPA, and sedition and conspiracy provisions of the BNS.
Yahoo
01-05-2025
- Business
- Yahoo
Crypto Rebounds From Early Declines Alongside Reversal in U.S. Stocks
There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks' trend of trading in a very tight range. Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks. Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping roughly 4%. Crypto equities were modestly lower, but bitcoin miner Hut 8 (HUT) was a notable underperformer, falling 5.7%. The major U.S. stock averages tumbled 2% or more early in the session following less than stellar economic news. They retook ground throughout the day though, with the S&P 500 closing slightly in the green and the Nasdaq dipping just 0.1%. The continuing string of lame economic data, however, has not seemed to deter U.S. President Trump from his tariff policies. 'Somebody said all the shelves are going to be open,' Trump said early Wednesday. 'Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally. … They have ships that are loaded up with stuff, much of which we don't need.' Sign in to access your portfolio
