Financial Services -
Financial - Capital Markets - NASDAQ - CA
$ 15.48
4.95 %
$ 1.45 B
Market Cap
-19.85
P/E
1. INTRINSIC VALUE
Balance Sheet
Hut 8 Mining Corp.
| Current Assets | 81.3 M |
| Cash & Short-Term Investments | 47.4 M |
| Receivables | 4.4 M |
| Other Current Assets | 29.5 M |
| Non-Current Assets | 896 M |
| Long-Term Investments | 109 M |
| PP&E | 175 M |
| Other Non-Current Assets | 612 M |
| Current Liabilities | 148 M |
| Accounts Payable | 19.7 M |
| Short-Term Debt | 87.2 M |
| Other Current Liabilities | 41.5 M |
| Non-Current Liabilities | 185 M |
| Long-Term Debt | 163 M |
| Other Non-Current Liabilities | 22.8 M |
EFFICIENCY
Earnings Waterfall
Hut 8 Mining Corp.
| Revenue | 81.8 M |
| Cost Of Revenue | 60.6 M |
| Gross Profit | 21.2 M |
| Operating Expenses | 34.4 M |
| Operating Income | -13.3 M |
| Other Expenses | -21.6 M |
| Net Income | 8.38 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Hut 8 Mining Corp.
| Net Income | 8.38 M |
| Depreciation & Amortization | 14.6 M |
| Capital Expenditures | -815 K |
| Stock-Based Compensation | 32.4 M |
| Change in Working Capital | 8.86 M |
| Others | -28 M |
| Free Cash Flow | -27.3 M |
Wall Street Analysts Price Targets
Hut 8 Mining Corp.
Wall Street analysts predict an average 1-year price target for HUT of $14.6 , with forecasts ranging from
a
low of
$7.5 to a high of $32 .
HUT Lowest Price Target
Wall Street Target
7.5 USD
-51.55%
HUT Average Price Target
Wall Street Target
14.6 USD
-5.83%
HUT Highest Price Target
Wall Street Target
32 USD
106.72%
4. DIVIDEND
ANALYSIS
HUT does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Hut 8 Mining Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Hut 8 Schedules Full-Year 2024 Earnings Release and Conference Call
MIAMI, Feb. 10, 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 announced it will release financial results for the full year of 2024 before the market opens on March 3, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m.
globenewswire.com
- 3 weeks ago
Hut 8 Operations Update for January 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.
globenewswire.com
- 3 weeks ago
HUT Soars 170% in a Year: How Should You Approach the Stock in 2025?
Hut 8 Corp. benefits from its innovative AI solutions and growing Bitcoin reserves. Yet, market volatility and regulatory risks pose headwinds.
zacks.com
- 1 month ago
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
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.
youtube.com
- 1 month ago
Hut 8 Is This Analyst's Top Pick For 2025 - Here's Why
Needham analyst John Todaro reiterated a Buy rating on the shares of Hut 8 Corp HUT and maintained a price target of $38.00.
benzinga.com
- 1 month 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?
investors.com
- 1 month ago
PIZZA HUT® RELEASES SECOND ANNUAL PIZZA TRENDS REPORT UNVEILING AMERICA'S LOVE OF PIZZA AND 2025 INDUSTRY FORECASTING
The U.S. eats the equivalent to 240,000 Olympic sized swimming pools in pizza slices a year Sorry New York, the debate of how to eat a slice of pizza has been resolved, nearly half of people say the proper way is "tip first", not folded. 44% of people even say eating pizza with a fork is a food crime 28% of people would give up alcohol for a year if they could have free pizza every day With a trend of global flavors, 37% of Americans say they'd like to try Mexican-inspired pizza or Greek-inspired pizza (21%) Ranch reigns supreme as most popular dipping sauce, and Kentucky is the state that dips pizza the most After much debate, boneless wings win out against bone-in wings as the top preference 59% agree pizza and wings are the ultimate pairing.
prnewswire.com
- 1 month 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.
globenewswire.com
- 1 month 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.
globenewswire.com
- 2 months 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.
globenewswire.com
- 2 months 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.
zacks.com
- 2 months 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.
investors.com
- 2 months ago
8. Profile
Summary
Hut 8 Mining Corp. HUT
COUNTRY
CA
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 1.45 B
Dividend Yield
0.00%
Description
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.
Contact
130 King Street West, Toronto, ON, M5X 2A2
https://hut8mining.com
IPO
Date
March 8, 2018
Employees
219
Officers
Mr. Asher Kevin Genoot
Co-Founder, Chief Executive Officer, President & Director
Mr. James Beer
Senior Vice President of Operations
Ms. Suzanne Ennis
Head of Investor Relations
Mr. Victor Semah J.D.
Chief Legal Officer
Mr. Sean Glennan
Chief Financial Officer
Mr. Michael Ho
Co-Founder, Chief Strategy Officer & Director