Hut 8 Corp. (HUT)

NASDAQ: HUT · Real-Time Price · USD
11.08
0.00 (0.00%)
At close: Apr 17, 2025, 4:00 PM
11.19
+0.11 (0.99%)
After-hours: Apr 17, 2025, 4:42 PM EDT
0.00%
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]

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 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.

Price Target
$29.7
(168.05% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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 ...

7 days 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...

13 days 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...

15 days 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...

16 days 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...

18 days 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.

18 days 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...

18 days 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
4 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...

4 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,...

6 weeks 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...

6 weeks 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...

6 weeks 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...

6 weeks 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...

2 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...

2 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.

3 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...

3 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
4 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...

4 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...

4 months ago - GlobeNewsWire

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.

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Business Wire

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%.

Other symbols: MACYBRHIVELUNR
5 months ago - Benzinga