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HUT
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Hut 8 Corp. Common Stock (HUT)

Upturn stock ratingUpturn stock rating
$32.44
Last Close (24-hour delay)
Today's Top Performer Top performer
Profit since last BUY36.3%
upturn advisory
Strong Buy
BUY since 21 days
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Upturn Advisory Summary

09/12/2025: HUT (5-star) is a STRONG-BUY. BUY since 21 days. Simulated Profits (36.30%). Updated daily EoD!

Upturn Star Rating

rating

Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Number of Analysts

rating

15 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $30.6

1 Year Target Price $30.6

Analysts Price Target For last 52 week
$30.6 Target price
52w Low $10.04
Current$32.44
52w High $32.83

Analysis of Past Performance

Type Stock
Historic Profit 125.16%
Avg. Invested days 34
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/12/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.42B USD
Price to earnings Ratio 22.69
1Y Target Price 30.6
Price to earnings Ratio 22.69
1Y Target Price 30.6
Volume (30-day avg) 15
Beta 3.45
52 Weeks Range 10.04 - 32.83
Updated Date 09/13/2025
52 Weeks Range 10.04 - 32.83
Updated Date 09/13/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.43

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 112.81%
Operating Margin (TTM) 463.08%

Management Effectiveness

Return on Assets (TTM) 13.32%
Return on Equity (TTM) 14.95%

Valuation

Trailing PE 22.69
Forward PE 107.53
Enterprise Value 3569069984
Price to Sales(TTM) 24.71
Enterprise Value 3569069984
Price to Sales(TTM) 24.71
Enterprise Value to Revenue 6.48
Enterprise Value to EBITDA 9.73
Shares Outstanding 105528000
Shares Floating 85487119
Shares Outstanding 105528000
Shares Floating 85487119
Percent Insiders 52.29
Percent Institutions 67.38

ai summary icon Upturn AI SWOT

Hut 8 Corp. Common Stock

stock logo

Company Overview

overview logo History and Background

Hut 8 Corp. was founded in 2011. It is one of North America's largest digital asset miners, focusing on innovation and driving value for shareholders. Initially, they were primarily a Bitcoin mining company, but have diversified into High Performance Computing.

business area logo Core Business Areas

  • Bitcoin Mining: Hut 8 engages in Bitcoin mining, securing the network and earning block rewards.
  • High Performance Computing: Provision of HPC services to AI and Machine Learning companies.
  • Hosting: Providing hosting and co-location services.

leadership logo Leadership and Structure

Asher Genoot is the CEO. The company is structured with departments for mining operations, technology, finance, and strategy. They are publicly traded on Nasdaq and TSX.

Top Products and Market Share

overview logo Key Offerings

  • Self-Mined Bitcoin: Bitcoin mined directly by Hut 8. Revenue depends on Bitcoin price and hash rate. Competitors: Marathon Digital (MARA), Riot Platforms (RIOT).
  • High Performance Computing: Provides computational power for AI/ML training. Market share is growing but currently limited. Competitors: CoreWeave, Crusoe Energy.

Market Dynamics

industry overview logo Industry Overview

The cryptocurrency mining industry is highly competitive, volatile, and subject to regulatory changes. The HPC industry is rapidly expanding with large tailwinds from the rise of AI.

Positioning

Hut 8 aims to be a leader in both Bitcoin mining and HPC, with a focus on efficient operations and strategic growth.

Total Addressable Market (TAM)

TAM for Bitcoin Mining is dependent on the Bitcoin price and overall network hashrate. The TAM for HPC is estimated at $50B+ and growing. Hut 8's positioning is still nascent but rapidly evolving in HPC.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Diversified revenue streams (mining and HPC)
  • Strong balance sheet (relative to peers)
  • Significant Bitcoin holdings

Weaknesses

  • Reliance on Bitcoin price
  • High energy consumption
  • Susceptible to regulatory changes
  • New entrant into a competitive HPC market

Opportunities

  • Expansion into new mining locations
  • Increased adoption of Bitcoin
  • Growth in the HPC market
  • Strategic acquisitions

Threats

  • Bitcoin price volatility
  • Increased mining difficulty
  • Regulatory restrictions on cryptocurrency
  • Competition from larger mining firms

Competitors and Market Share

competitor logo Key Competitors

  • MARA
  • RIOT
  • CLSK

Competitive Landscape

Hut 8 faces strong competition from larger, more established mining firms. Their HPC strategy provides some differentiation, but faces new competitive pressures. Market shares are estimates due to the dynamic nature of the industry.

Major Acquisitions

US Bitcoin Corp

  • Year: 2023
  • Acquisition Price (USD millions):
  • Strategic Rationale: Merger-of-equals transaction to combine mining operations and de-risk reliance on a single entity.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been tied to Bitcoin price and mining capacity.

Future Projections: Analyst projections vary depending on Bitcoin price and HPC market growth.

Recent Initiatives: Expansion of HPC capabilities, acquisitions of new data centers, efficiency improvements in mining operations.

Summary

Hut 8 is a multifaceted company operating in both Bitcoin mining and HPC, diversifying its revenue streams. Its reliance on Bitcoin's price remains a critical risk, offset by expanding into HPC. The company needs to be mindful of regulatory landscapes and rising competition while leveraging its strategic acquisitions to achieve sustainable growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market shares are estimates and subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Hut 8 Corp. Common Stock

Exchange NASDAQ
Headquaters Miami, FL, United States
IPO Launch date 2018-03-08
Co-Founder, CEO & Director Mr. Asher Kevin Genoot
Sector Financial Services
Industry Capital Markets
Full time employees 222
Full time employees 222

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 finance, accounting, and safety services, as well as engages in the Bitcoin mining business. In addition, the company provides colocation and data center cloud services; hosting services, which include the provision of mining equipment, as well as monitors, troubleshoots, repairs, and maintains related equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.