HUT
Hut 8
About: Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.
Employees: 219
0
Funds holding %
of 6,814 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
114% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 22
56% more call options, than puts
Call options by funds: $71M | Put options by funds: $45.4M
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
17% more funds holding
Funds holding: 133 [Q2] → 155 (+22) [Q3]
0.1% more ownership
Funds ownership: 48.89% [Q2] → 48.99% (+0.1%) [Q3]
17% less capital invested
Capital invested by funds: $662M [Q2] → $551M (-$112M) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
44%
upside
Avg. target
$35
58%
upside
High target
$41
84%
upside
8 analyst ratings
8 positive
100%
0 neutral
0%
0 negative
0%
Needham John Todaro 87% 1-year accuracy 55 / 63 met price target | 71%upside $38 | Buy Reiterated | 13 Jan 2025 |
Benchmark Mark Palmer 73% 1-year accuracy 63 / 86 met price target | 84%upside $41 | Buy Reiterated | 7 Jan 2025 |
Cantor Fitzgerald Brett Knoblauch 63% 1-year accuracy 50 / 79 met price target | 57%upside $35 | Overweight Reiterated | 7 Jan 2025 |
Piper Sandler Patrick Moley 77% 1-year accuracy 34 / 44 met price target | 48%upside $33 | Overweight Initiated | 17 Dec 2024 |
Jones Trading Stephen Glagola 0% 1-year accuracy 0 / 3 met price target | 62%upside $36 | Buy Initiated | 12 Dec 2024 |
Financial journalist opinion
Based on 7 articles about HUT published over the past 30 days
Negative
Investors Business Daily
3 days ago
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Negative
Investors Business Daily
3 days ago
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Neutral
GlobeNewsWire
5 days ago
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, 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 America's largest Bitcoin miners, today released its operations update for December 2024. “Site infrastructure upgrades continue to advance on schedule, positioning us well to launch our initial fleet upgrade in Q1 2025,” said Asher Genoot, CEO of Hut 8.
Positive
Investors Business Daily
1 week ago
Bitcoin Set For 'Significant Bull Market,' Analyst Targets $225,000
Bitcoin and cryptocurrency miners are set for a major bull market after notching a record year for 2024, H.C. Wainwright writes.
Positive
Green Stock News
3 weeks ago
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 in Georgia, built in partnership with Stellantis, and aims to begin producing its Midnight eVTOL aircraft in early 2025.
Neutral
GlobeNewsWire
3 weeks ago
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. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced the purchase of approximately 990 Bitcoin. The aggregate purchase price of the acquired Bitcoin was approximately $100 million, or an average of approximately $101,710 per Bitcoin.
Neutral
GlobeNewsWire
3 weeks ago
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 America's largest Bitcoin miners, today announced that board member Amy Wilkinson has been named by the National Association of Corporate Directors (NACD) to the 2024 NACD Directorship 100. This annual award celebrates and recognizes the most influential directors and leaders in the corporate governance community, who have demonstrated excellence in the boardroom through innovation, courage, and integrity.
Positive
Zacks Investment Research
1 month ago
Hut 8 (HUT) Recently Broke Out Above the 20-Day Moving Average
After reaching an important support level, Hut 8 (HUT) could be a good stock pick from a technical perspective. HUT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Positive
Investors Business Daily
1 month ago
Bitcoin Miner Hut 8 Rallies On $12 Billion AI Data Center, Meta Partnership Speculation
Hut 8 is building a $12 billion AI data center. Some speculate the bitcoin miner is partnering with Meta.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts See a 26.03% Upside in Hut 8 (HUT): Can the Stock Really Move This High?
The mean of analysts' price targets for Hut 8 (HUT) points to a 26% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Charts implemented using Lightweight Charts™