HUT
Hut 8
About: Hut 8 Corp is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.
Employees: 222
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]
96% more call options, than puts
Call options by funds: $83.6M | Put options by funds: $42.8M
40% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 53
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
2% more funds holding
Funds holding: 201 [Q4 2024] → 205 (+4) [Q1 2025]
4.03% less ownership
Funds ownership: 54.49% [Q4 2024] → 50.46% (-4.03%) [Q1 2025]
42% less capital invested
Capital invested by funds: $1.05B [Q4 2024] → $608M (-$438M) [Q1 2025]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
3%
upside
Avg. target
$24
39%
upside
High target
$33
89%
upside
9 analyst ratings
9 positive
100%
0 neutral
0%
0 negative
0%
Roth Capital Darren Aftahi | 43%upside $25 | Buy Initiated | 6 Jun 2025 |
JMP Securities Greg Miller | 43%upside $25 | Market Outperform Initiated | 22 May 2025 |
Canaccord Genuity Joseph Vafi | 83%upside $32 | Buy Maintained | 12 May 2025 |
Needham John Todaro | 20%upside $21 | Buy Reiterated | 9 May 2025 |
HC Wainwright & Co. Mike Colonnese | 43%upside $25 | Buy Reiterated | 9 May 2025 |
Financial journalist opinion
Positive
Investors Business Daily
2 weeks ago
Bitcoin Miners Finally Join Bitcoin Rally; Analyst Eyes $145,000
Bitcoin miners finally join bitcoin's rally after notching a record last week. What is driving the recent surge?
Positive
Benzinga
1 month ago
American Bitcoin Spin-Off, AI Ambitions To Boost Hut 8 Stock: Analyst
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Hut 8 Corp. HUT and reiterated the $32 price forecast.
Positive
Investors Business Daily
1 month ago
Trump-Linked Bitcoin Miner To Go Public; Strategy Buys $1.3 Bil In BTC
Bitcoin price clears $105,000 on China deal news. Trump-linked bitcoin miner to go public.
Neutral
GlobeNewsWire
1 month ago
Hut 8 Subsidiary American Bitcoin Announces Go-Public Transaction
MIAMI, May 12, 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 to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) (“Gryphon”) pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the American Bitcoin board of directors, including Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, and management team, including Mike Ho, Matt Prusak, and Eric Trump.
Negative
Seeking Alpha
1 month ago
Hut 8 Q1 Earnings: A $1B Bitcoin Stash And A Capital-Light Future
Hut 8 Corp. missed consensus revenue estimates but beat EPS estimates, reporting $21.8 million in revenue and a $134.3 million net loss due to Bitcoin value changes. The creation of American Bitcoin allows HUT to decouple mining investments, reducing capital burden and potentially increasing margins through a capital-light structure. HUT's 1.34x Hodl multiple is fairly valued, with 75% of its market cap backed by Bitcoin holdings, indicating a strong BTC-backed risk-reward profile.
Positive
Fox Business
1 month ago
'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.
Neutral
Seeking Alpha
1 month ago
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 - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallam Paul Golding - Macquarie John Todaro - Needham Patrick Moley - Piper Sandler Brett Knoblauch - Cantor Fitzgerald Bill Papanastasiou - KBW Mike Grondahl - Northland Brian Dobson - Clear Street Stephen Glagola - Jones Trading Operator Good day. Thank you for standing by.
Neutral
GlobeNewsWire
1 month ago
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 infrastructure platform Earnings Release Highlights Revenue of $21.8 million, net loss of $134.3 million, and Adjusted EBITDA of ($117.7) million. Total energy capacity under management of 1,020 megawatts (“MW”) as of March 31, 2025.
Positive
Zacks Investment Research
1 month ago
HUT Set to Report Q1 Earnings: What's in Store for the Stock?
Hut's first-quarter 2025 performance is expected to have benefited from digital infrastructure growth, power asset monetization, and diversification into AI and HPC markets.
Neutral
MarketBeat
1 month ago
Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued
It has been a rough start to the year for the tech sector, as companies have been hit hard by tariffs, trade tensions with China that have axed the flow of essential rare earth metals to the United States, and more. The benchmark Technology Select Sector SPDR Fund NYSEARCA: XLK, a broad proxy for the entire sector, has plunged by about 10% year-to-date (YTD) while the S&P 500 has fallen by only 5% overall during the same period.
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