Hut 8 Corp. (HUT)
| Market Cap | 2.29B |
| Revenue (ttm) | 194.02M |
| Net Income (ttm) | 180.81M |
| Shares Out | 93.58M |
| EPS (ttm) | 1.91 |
| PE Ratio | 12.79 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,855,102 |
| Open | 26.15 |
| Previous Close | 25.32 |
| Day's Range | 23.89 - 26.49 |
| 52-Week Range | 6.18 - 28.47 |
| Beta | 3.45 |
| Analysts | Strong Buy |
| Price Target | 32.60 (+33.28%) |
| Earnings Date | Nov 13, 2024 |
About HUT
Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing – Colocation and Cloud, and Other. The company mines Bitcoin. 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 managemen... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for HUT stock is "Strong Buy." The 12-month stock price forecast is $32.6, which is an increase of 33.28% from the latest price.
News
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%.
Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential
Hut 8 Corp HUT shares were down Thursday morning, despite the company reporting upbeat third-quarter results and Bitcoin prices surging past $90,000.
Hut 8: A Third Quarter Earnings Review
Hut 8 reported $43.7 million in top-line revenue for third quarter 2024. Breaking revenue out by segment, 'Managed Services' had the largest nominal increase - mainly attributed to a $13.5 million pay...
Hut 8 Corp. (HUT) Q3 2024 Earnings Call Transcript
Hut 8 Corp. (NASDAQ:HUT) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Asher Genoot - CEO Sean Glennan - CFO Conference Call Participants Mark Palmer - The Benchm...
Hut 8 Reports Third Quarter 2024 Results
Strategic initiatives drive revenue growth, balance sheet strength, and competitive position across AI compute and Bitcoin mining Strategic initiatives drive revenue growth, balance sheet strength, an...
Hut 8 Announces Initial ASIC Fleet Upgrade
Upgrade expected to improve average fleet efficiency from 31.7 to 19.9 J/TH and increase self-mining hashrate by ~66%
Hut 8 Operations Update for October 2024
20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s Vega site buildout advancing on track for Q2 2025 energization MIAMI, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX:...
Media Advisory: Hut 8 Announces Conference Call to Discuss Third Quarter 2024 Results
MIAMI, Oct. 24, 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...
Crypto stocks rally as bitcoin prices climb above $67K
Bitcoin (BTC-USD) prices have topped the $67,000 mark Wednesday — its highest since July. The jump was influenced by Vice President Harris's newly announced proposals to establish a clearer regulatory...
Hut 8 Operations Update for September 2024
19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining GPU-as...
Hut 8 Announces Early Payoff of Outstanding Loan
Anchorage Digital converted entire ~$38 million loan balance to common shares at a price of $16.395 per share
Hut 8 GPU-as-a-Service Vertical Goes Live with Inaugural Deployment
MIAMI, Sept. 26, 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 Am...
Hut 8 and BITMAIN Expand Innovation Partnership with Launch of Next-Generation BITMAIN Miner
U3S21EXPH to be first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within U form factor
Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size
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 Operations Update for August 2024
18.5 EH/s and 762 MW under management in mining Energized Building 1 at Cedarvale MIAMI, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, verti...
Hut 8 Boosted by Next-Gen Bitcoin Rigs and Revenue Diversification, Analysts Say
Hut 8 Corp 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. (HUT) Q2 2024 Earnings Call Transcript
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 Visr...
Hut 8 Reports Second Quarter 2024 Results
Revenue of $35.2 million and 9,102 self-mined Bitcoin on balance sheet as of quarter end Closed $150 million strategic investment from Coatue to partner in building AI infrastructure MIAMI, Aug. 13, 2...
Hut 8 Announces New Chief Financial Officer
Sean Glennan to join as CFO on August 21, 2024 Glennan most recently served as Managing Director in the Global Power, Utilities & Renewables group at Citigroup MIAMI, Aug. 06, 2024 (GLOBE NEWSWIRE) --...
Hut 8 Operations Update for July 2024
18.0 EH/s and 762 MW under management in mining Announced plans for a 205 MW site in Texas MIAMI, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leadin...
Media Advisory: Hut 8 Announces Conference Call to Discuss Second Quarter 2024 Results
MIAMI, July 24, 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...
Small-Cap Crypto Stars: TeraWulf, Hut 8 Surge Over 40% YTD
In a remarkable display of resilience and growth, TeraWulf Inc. WULF and Hut 8 Corp. HUT have emerged as standout performers in the small-cap crypto mining sector, each delivering impressive year-to-d...
Hut 8 Executes Definitive Agreements for Site in West Texas with 205 MW of Immediately Available Power Capacity
Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity
Hut 8 Operations Update for June 2024
17.8 EH/s and 762 MW under management $150 million investment from Coatue to support the buildout of next generation AI infrastructure platform
Hut 8 Announces Closing of $150 Million Investment from Coatue
MIAMI, July 01, 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...