Hut 8 Corp. (HUT)

NASDAQ: HUT · Real-Time Price · USD
14.17
+1.51 (11.93%)
At close: May 8, 2025, 4:00 PM
14.04
-0.13 (-0.92%)
After-hours: May 8, 2025, 6:25 PM EDT
11.93%
Market Cap 1.48B
Revenue (ttm) 132.46M
Net Income (ttm) -52.88M
Shares Out 104.17M
EPS (ttm) -0.56
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 10,577,962
Open 13.04
Previous Close 12.66
Day's Range 12.82 - 14.76
52-Week Range 7.67 - 31.95
Beta 3.45
Analysts Strong Buy
Price Target 28.08 (+98.17%)
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]

Industry Capital Markets
Sector Financials
Founded 2011
Employees 222
Stock Exchange NASDAQ
Ticker Symbol HUT
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for HUT stock is "Strong Buy." The 12-month stock price forecast is $28.08, which is an increase of 98.17% from the latest price.

Price Target
$28.08
(98.17% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

'UP, UP AND AWAY': Crypto soars after Trump's UK trade deal

'The Big Money Show' panel discusses the impact of President Donald Trump's U.K. trade deal on cryptocurrency.

Other symbols: COINMARAMSTRRIOT
10 hours ago - Fox Business

Hut 8 Corp. (HUT) Q1 2025 Earnings Call Transcript

Hut 8 Corp. (NASDAQ:HUT) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Sue Ennis - Head, Investment Relations Asher Genoot - Chief Executive Officer Sean Glennan - Chie...

14 hours ago - Seeking Alpha

Hut 8 Reports First Quarter 2025 Results

ASIC fleet upgrade drives 79% increase in hashrate and 37% improvement in fleet efficiency quarter-over-quarter Launch of American Bitcoin accelerates Hut 8's evolution as an integrated energy infrast...

19 hours ago - GlobeNewsWire

Bitcoin Is Booming, But Miners Like Riot, Iren, Hut 8, TeraWulf Are Flatlining

Bitcoin BTC/USD had a blowout April, rising 15% and closing near $94,300. But for a third straight month, miners with high-performance computing (HPC) ambitions — Iren Ltd IREN, Riot Platforms Inc RIO...

Other symbols: WULFIREN
7 days ago - Benzinga

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 ...

4 weeks ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - Seeking Alpha

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...

5 weeks ago - CNBC Television

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...

5 weeks ago - Investopedia

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.

5 weeks ago - Reuters

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...

5 weeks ago - GlobeNewsWire

Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year

Bitcoin BTC/USD mining stocks just hit a rough patch. According to JPMorgan analyst Reginald L.

Other symbols: ARBKBITFCIFRCLSKCORZ
7 weeks ago - Benzinga

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...

7 weeks ago - Seeking Alpha

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,...

2 months ago - GlobeNewsWire

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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.

Other symbols: IRENRIOTWULF
3 months ago - CNBC Television

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.

4 months ago - Benzinga

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...

4 months ago - GlobeNewsWire

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...

Other symbols: ACHRLGOTM
5 months ago - Green Stock News

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire