Financial Services -
Financial - Capital Markets - NASDAQ - CA
$ 26.92
1.24 %
$ 2.52 B
Market Cap
-34.08
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
-72.14%
HUT Average Price Target
Wall Street Target
14.6 USD
-45.85%
HUT Highest Price Target
Wall Street Target
32 USD
18.87%
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 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 week 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
- 1 month 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
- 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.
zacks.com
- 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.
investors.com
- 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.
zacks.com
- 1 month ago
Fast-Growing Companies That Are Still Undervalued
Momentum investors look for companies that are already on an upward trajectory in hopes that the trend will continue, while value investors seek out firms with fundamentals supporting a higher share price than currently available on the market. Though these core investment strategies are often positioned separately from one another, in some cases they work in tandem, making for an even more compelling case for investment.
marketbeat.com
- 1 month ago
Hut 8 Operations Update for November 2024
Hut 8, a vertically integrated operator of large-scale energy infrastructure and Bitcoin miner, today released its operations update for November 2024.
globenewswire.com
- 1 month ago
Buy These 5 Crypto-Centric Stocks as Bitcoin Crosses a Key Landmark
Five crypto-centric stocks have strong potential for the near term. These are NVDA, COIN, HUT, BLK, HOOD.
zacks.com
- 1 month ago
Hut 8 Announces New ATM and Stock Repurchase Programs
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:
globenewswire.com
- 1 month ago
Ionic Digital Announces Termination of Amended and Restated Management Services Agreement with Hut 8
AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital, Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced that its Amended and Restated Management Services Agreement (the “A&R MSA”) with U.S. Data Management Group, LLC (“Hut 8”) has been terminated pursuant to notice provided on November 26, 2024, and without incurrence of the $22.5 million termination fee. The Company remains committed to working constructively with Hut 8 toward an orderly.
businesswire.com
- 1 month ago
Wall Street Analysts Think Hut 8 (HUT) Could Surge 28.49%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in Hut 8 (HUT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
zacks.com
- 1 month ago
8. Profile
Summary
Hut 8 Mining Corp. HUT
COUNTRY
CA
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 2.52 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
Ms. Suzanne Ennis
Head of Investor Relations
Mr. Victor Semah J.D.
Chief Legal Officer
Mr. James Beer
Senior Vice President of Operations
Mr. Asher Kevin Genoot
Co-Founder, Chief Executive Officer, President & Director
Mr. Michael Ho
Co-Founder, Chief Strategy Officer & Director
Mr. Sean Glennan
Chief Financial Officer