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Hut 8 Mining (HUT) Stock

Profile

Full Name:

Hut 8 Corp.

Country:

United States

IPO:

08 March 2018

Indexes:

Not included

Description:

Hut 8 Mining is a cryptocurrency mining company based in Canada. It focuses on mining Bitcoin and other digital currencies using advanced technology. The company aims to provide secure and efficient mining operations while contributing to the growth of the blockchain ecosystem.

Key Details

Price

$21.40

Annual Revenue

$93.23 M(+7.49% YoY)

Annual EPS

$0.11(+114.85% YoY)

Beta

3.74

Events Calendar

Earnings

Next earnings date:

Mar 28, 2025

Recent quarterly earnings:

Nov 13, 2024

Recent annual earnings:

Mar 28, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Dec 04, 2023

Analyst ratings

Recent major analysts updates

13 Jan '25 Needham
Buy
07 Jan '25 Cantor Fitzgerald
Overweight
07 Jan '25 Benchmark
Buy
17 Dec '24 Piper Sandler
Overweight
17 Dec '24 Needham
Buy
12 Dec '24 Jones Trading
Buy
12 Dec '24 Cantor Fitzgerald
Overweight
09 Dec '24 Cantor Fitzgerald
Overweight
14 Nov '24 Needham
Buy
14 Nov '24 HC Wainwright & Co.
Buy

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Institutional Ownership

Hut 8 Operations Update for January 2025
Hut 8 Operations Update for January 2025
Hut 8 Operations Update for January 2025
HUT
globenewswire.com04 February 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. (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 January 2025. “With infrastructure upgrades for our initial fleet upgrade near completion, we believe we are well-positioned to energize new miners upon expected delivery in the coming weeks,” said Asher Genoot, CEO of Hut 8.

HUT Soars 170% in a Year: How Should You Approach the Stock in 2025?
HUT Soars 170% in a Year: How Should You Approach the Stock in 2025?
HUT Soars 170% in a Year: How Should You Approach the Stock in 2025?
HUT
zacks.com30 January 2025

Hut 8 Corp. benefits from its innovative AI solutions and growing Bitcoin reserves. Yet, market volatility and regulatory risks pose headwinds.

Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
HUT
youtube.com22 January 2025

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.

Hut 8 Is This Analyst's Top Pick For 2025 - Here's Why
Hut 8 Is This Analyst's Top Pick For 2025 - Here's Why
Hut 8 Is This Analyst's Top Pick For 2025 - Here's Why
HUT
benzinga.com13 January 2025

Needham analyst John Todaro reiterated a Buy rating on the shares of Hut 8 Corp HUT and maintained a price target of $38.00.

Hut 8 Operations Update for December 2024
Hut 8 Operations Update for December 2024
Hut 8 Operations Update for December 2024
HUT
globenewswire.com07 January 2025

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.

Hut 8's Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
Hut 8's Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
Hut 8's Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
HUT
globenewswire.com19 December 2024

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.

Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100
Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100
Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100
HUT
globenewswire.com18 December 2024

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.

Wall Street Analysts See a 26.03% Upside in Hut 8 (HUT): Can the Stock Really Move This High?
Wall Street Analysts See a 26.03% Upside in Hut 8 (HUT): Can the Stock Really Move This High?
Wall Street Analysts See a 26.03% Upside in Hut 8 (HUT): Can the Stock Really Move This High?
HUT
zacks.com11 December 2024

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.

Hut 8 Operations Update for November 2024
Hut 8 Operations Update for November 2024
Hut 8 Operations Update for November 2024
HUT
globenewswire.com05 December 2024

Hut 8, a vertically integrated operator of large-scale energy infrastructure and Bitcoin miner, today released its operations update for November 2024.

Hut 8 Announces New ATM and Stock Repurchase Programs
Hut 8 Announces New ATM and Stock Repurchase Programs
Hut 8 Announces New ATM and Stock Repurchase Programs
HUT
globenewswire.com04 December 2024

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 America's largest Bitcoin miners, today announced three capital markets updates:

FAQ

  • What is the primary business of Hut 8 Mining?
  • What is the ticker symbol for Hut 8 Mining?
  • Does Hut 8 Mining pay dividends?
  • What sector is Hut 8 Mining in?
  • What industry is Hut 8 Mining in?
  • What country is Hut 8 Mining based in?
  • When did Hut 8 Mining go public?
  • Is Hut 8 Mining in the S&P 500?
  • Is Hut 8 Mining in the NASDAQ 100?
  • Is Hut 8 Mining in the Dow Jones?
  • When was Hut 8 Mining's last earnings report?
  • When does Hut 8 Mining report earnings?
  • Should I buy Hut 8 Mining stock now?

What is the primary business of Hut 8 Mining?

Hut 8 Mining is a cryptocurrency mining company based in Canada. It focuses on mining Bitcoin and other digital currencies using advanced technology. The company aims to provide secure and efficient mining operations while contributing to the growth of the blockchain ecosystem.

What is the ticker symbol for Hut 8 Mining?

The ticker symbol for Hut 8 Mining is NASDAQ:HUT

Does Hut 8 Mining pay dividends?

No, Hut 8 Mining does not pay dividends

What sector is Hut 8 Mining in?

Hut 8 Mining is in the Financial Services sector

What industry is Hut 8 Mining in?

Hut 8 Mining is in the Capital Markets industry

What country is Hut 8 Mining based in?

Hut 8 Mining is headquartered in United States

When did Hut 8 Mining go public?

Hut 8 Mining's initial public offering (IPO) was on 08 March 2018

Is Hut 8 Mining in the S&P 500?

No, Hut 8 Mining is not included in the S&P 500 index

Is Hut 8 Mining in the NASDAQ 100?

No, Hut 8 Mining is not included in the NASDAQ 100 index

Is Hut 8 Mining in the Dow Jones?

No, Hut 8 Mining is not included in the Dow Jones index

When was Hut 8 Mining's last earnings report?

Hut 8 Mining's most recent earnings report was on 13 November 2024

When does Hut 8 Mining report earnings?

The next expected earnings date for Hut 8 Mining is 28 March 2025

Should I buy Hut 8 Mining stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions