Hut 8 Corp. (HUT)
Market Cap | 1.16B |
Revenue (ttm) | 162.39M |
Net Income (ttm) | 331.88M |
Shares Out | 103.86M |
EPS (ttm) | 3.33 |
PE Ratio | 3.29 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 4,259,579 |
Open | 11.07 |
Previous Close | 11.08 |
Day's Range | 10.62 - 11.25 |
52-Week Range | 7.21 - 31.95 |
Beta | 3.45 |
Analysts | Strong Buy |
Price Target | 29.70 (+168.05%) |
Earnings Date | May 8, 2025 |
About HUT
Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company operates through four segments: Power, Digital Infrastructure, Compute, and Other. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and f... [Read more]
Financial Performance
In 2024, Hut 8's revenue was $162.39 million, an increase of 69.07% compared to the previous year's $96.05 million. Earnings were $331.88 million, an increase of 1418.91%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for HUT stock is "Strong Buy." The 12-month stock price forecast is $29.7, which is an increase of 168.05% from the latest price.
News

Hut 8 Schedules First Quarter 2025 Earnings Release and Conference Call
MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale ...

Hut 8 Operations Update for March 2025
102% increase in deployed hashrate from an average of 4.6 EH/s in February 2025 to 9.3 EH/s as of the end of March 2025 31% improvement in fleet efficiency from an average of 29.3 J/TH in February 202...

Hut 8: The New JV Is Ho-Hum, But The Stock Looks Cheap
Hut 8 Corp.'s new venture with Eric Trump aims to boost its Bitcoin mining capacity. The stock is near a potential bottom, with positive divergences on momentum indicators, but confirmation requires b...
Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company: CNBC Crypto World
On today's show, bitcoin climbs to the $85,000 level to kick off April while notching back-to-back monthly losses in March. And, crypto investor Chun Wang blasts off into space in the first human spac...

Trump Brothers Team Up with Hut 8 in Bitcoin Mining Venture
Bitcoin mining platform Hut 8 (HUT) and Donald Trump's sons have joined forces to launch a new firm called American Bitcoin focused exclusively on "industrial-scale Bitcoin mining and strategic Bitcoi...

Hut 8, Eric Trump to launch bitcoin mining company
Hut 8 said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin.

Hut 8 and Eric Trump Launch American Bitcoin to Set a New Standard in Bitcoin Mining
American Bitcoin Highlights American Bitcoin aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve Path to 50+ EH/s at average fleet effi...

Hut 8: Paper Gains Mask A Brutal 2024
Four months ago, I recommended holding off on Hut 8 due to its inflated valuation despite a decent Q3 report. More recently, HUT 8 was able to grow total revenue by 69% for the full year 2024. Gross m...

Hut 8 Operations Update for February 2025
592-acre site secured for newest River Bend campus in Louisiana ASIC fleet upgrade underway with deployment of new miners Vega development progressing on schedule for Q2 energization MIAMI, March 06,...

Hut 8: This Fast-Growing Crypto Miner Does More Than Just Bitcoin Mining
Reiterating a bullish stance on Hut 8 with a $30 price target, citing improved fundamentals and diversification beyond Bitcoin mining. Hut 8's strategic shift includes revenue from AI, data centers, a...

Hut 8 Corp. (HUT) Q4 2024 Earnings Call Transcript
Hut 8 Corp. (NASDAQ:HUT) Q4 2024 Earnings Conference Call March 3, 2025 8:30 AM ET Company Participants Asher Genoot - Chief Executive Officer Sean Glennan - Chief Financial Officer Conference Call P...

Hut 8 Reports Fourth Quarter and Full Year 2024 Results
Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December...

Hut 8 Schedules Full-Year 2024 Earnings Release and Conference Call
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North Ame...

Hut 8 Operations Update for January 2025
Infrastructure upgrades near completion in advance of expected miner deliveries 205 MW Vega project advancing on track for Q2 2025 energization MIAMI, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Na...
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
Brett Knoblauch, Cantor Fitzgerald head of digital asset research, joins 'Power Lunch' to discuss the energy needed to power AI in Stargate deal and the winners from it.

Hut 8 Is This Analyst's Top Pick For 2025 - Here's Why
Needham analyst John Todaro reiterated a Buy rating on the shares of Hut 8 Corp HUT and maintained a price target of $38.00.

Hut 8 Operations Update for December 2024
Miner shipments expected to begin in January, marking key step in driving average fleet efficiency down to 19.9 J/TH 205 MW Vega project advancing on track for Q2 2025 energization MIAMI, Jan. 07, 202...
Green Stock News for December 19, 2024: $ACHR $TM $HUT $LGO
Welcome to the Green Stock News brief for Thursday, December 19th. Here are today's top headlines: Archer Aviation (NYSE: ACHR) has received the certificate of occupancy for its manufacturing facility...

Hut 8's Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
Reserve built through low-cost production and strategic at-market purchase Purchased Bitcoin to support innovative financing model for fleet upgrade MIAMI, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp...

Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100
MIAMI, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North Ame...

Hut 8 Operations Update for November 2024
Hut 8, a vertically integrated operator of large-scale energy infrastructure and Bitcoin miner, today released its operations update for November 2024.

Hut 8 Announces New ATM and Stock Repurchase Programs
MIAMI, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North Ame...

Ionic Digital Announces Termination of Amended and Restated Management Services Agreement with Hut 8
AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital, Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced that its Amended and Restated Management Ser...

This Analyst With 86% Accuracy Rate Sees Over 8% Upside In Mastercard - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled lower on Friday, with the Dow Jones falling more than 300 points during the session. The S&P 500 recorded a weekly loss of 2.1%, while the Nasdaq Composite fell around 3.2%.