HUT

Hut 8 Corp

63.97

Oct 22 • 3:59 PM ET -7.61 (-10.63%)

63.74

Aftermarket • 4:33 PM ET -0.23 (-0.36%)

Financial Capital Markets USA Mid NASD

Oct 20, 10:20 AMPiper Sandler cuts Hut 8 price target but still sees about 80% upside

Peers: IREN WULF RIOT MARA CLSK GLXY APLD BTBT CIFR COIN

| Held by: VTI VB IWM VBK VGT VXF VTWO SCHA IGV IWO

Scroll to Statements

Index	RUT
Market Cap	7.88B
Enterprise Value	8.84B
Income	-599.19M
Sales	317.95M
Book/sh	11.71
Cash/sh	56.96
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	248
IPO	Mar 08, 2018

P/E	-
Forward P/E	-
PEG	-
P/S	24.80
P/B	5.46
P/C	1.12
P/FCF	-
EV/EBITDA	-
EV/Sales	27.82
Quick Ratio	19.35
Current Ratio	19.35
Debt/Eq	5.32
LT Debt/Eq	5.15
Option/Short	Yes / Yes

EPS (ttm)	-5.35
EPS next Y	-4.03
EPS next Q	-0.75
EPS this Y	-118.62%
EPS next Y	13.95%
EPS next 5Y	19.76%
EPS past 3/5Y	24.47% -
Sales past 3/5Y	26.65% 50.60%
EPS Y/Y TTM	-441.42%
Sales Y/Y TTM	129.50%
EPS Q/Q	-207.87%
Sales Q/Q	81.44%
Earnings	Nov 04 BMO
EPS/Sales Surpr.	-130.91% -5.59%

Insider Own	8.80%
Insider Trans	-1.27%
Inst Own	79.16%
Inst Trans	0.88%
ROA	-9.99%
ROE	-44.23%
ROIC	-6.75%
Gross Margin	16.50%
Oper. Margin	-54.09%
Profit Margin	-188.45%
SMA20	-21.96%
SMA50	-25.96%
SMA200	-22.33%
Trades

Shs Outstand	123.19M
Shs Float	112.41M
Short Float	16.92%
Short Ratio	3.61
Short Interest	19.02M
52W High	140.80 -54.57%
52W Low	31.67 101.99%
Volatility	10.76% 8.06%
ATR (14)	7.35
RSI (14)	32.32
Beta	4.50
Rel Volume	0.89
Avg Volume	5.27M
Volume	4,702,244

Perf Week	-15.93%
Perf Month	-37.57%
Perf Quarter	-41.84%
Perf Half Y	-18.79%
Perf YTD	39.25%
Perf Year	64.70%
Perf 3Y	587.85%
Perf 5Y	14.74%
Perf 10Y	-
Recom	1.08
Target Price	152.67
Prev Close	71.58
Price	63.97
Change %	-10.63%

Date	Action	Analyst	Rating Change	Price Target Change
Sep-23-26	Initiated	UBS	Buy	$143
Sep-21-26	Initiated	Rothschild & Co Redburn	Neutral	$96
Jul-23-26	Initiated	Morgan Stanley	Overweight	$263
May-14-26	Initiated	Jefferies	Buy	$156
Mar-23-26	Initiated	Arete	Buy	$136
Feb-02-26	Resumed	H.C. Wainwright	Buy	$80
Jun-06-25	Initiated	Roth Capital	Buy	$25
May-22-25	Initiated	Citizens JMP	Mkt Outperform	$25
May-14-25	Initiated	B. Riley Securities	Buy	$25
May-01-25	Initiated	Maxim Group	Buy	$20
Apr-21-25	Initiated	Northland Capital	Outperform	$20
Apr-14-25	Initiated	BTIG Research	Buy	$18
Mar-07-25	Initiated	Rosenblatt	Buy	$23
Jan-08-25	Initiated	Keefe Bruyette	Outperform
Dec-17-24	Initiated	Piper Sandler	Overweight	$33
Dec-09-24	Initiated	Cantor Fitzgerald	Overweight	$35
Aug-14-24	Upgrade	H.C. Wainwright	Sell → Buy	$7.50 → $13.50
May-16-24	Upgrade	Craig Hallum	Hold → Buy	$12
Apr-22-24	Initiated	The Benchmark Company	Buy	$12
Mar-18-24	Initiated	Needham	Buy	$12

Show Previous Ratings

Oct-20-26 11:16AM	Piper Sandler cuts price targets on MARA, Riot, Galaxy and Hut 8, keeps Overweight ratings (Blockspace)
09:36AM	MARA, RIOT, HUT, GLXY See Price Cuts From Piper Sandler Amid AI Trade Reversal, Hotter Inflation, Pricier Debt (Stocktwits)
Oct-19-26 11:10AM	Maxim reiterates Hut 8 Buy and $170 target, raises estimates after River Bend visit (Blockspace)
Oct-16-26 11:16AM	Cantor Calls WULF, HUT, CORZ Stocks Generational Buys Amid Price Target Cuts Across The Sector (Stocktwits) -10.96%
Oct-14-26 04:25PM	Could Applied Digital Stock Survive Its Lenders Pulling Back? (Trefis) -10.45%
11:46AM	Loading…
11:46AM	Why Did MARA Stock Fall? (Trefis)
Oct-13-26 02:26PM	How Much Of Applied Digitals Fiscal Q1 Revenue Was Rent? (Trefis)
01:03PM	21shares Launches First Anthropic ETP in Europe Ahead of Its IPO (CryptoProwl)
Oct-12-26 06:32PM	What Could Derail Applied Digital Stock? (Trefis)
09:02AM	American Bitcoin's Mining Economics Could Be Its Edge This Analyst Sees A Potential 185% Upside (Stocktwits)
Oct-09-26 08:32PM	How Much Downside Is Left In MARA Stock? (Trefis) +5.88%
12:41PM	MARAs CEO Expects Two AI Leases by Year-End. Heres What the Stock Needs to Show Before December 31 (TIKR)
12:19PM	MARA RIOT, GLXY Price Targets Cut At Morgan Stanley On AI Credit Concerns: Analyst Still Sees Over 100% Upside (Stocktwits)
Oct-08-26 06:30AM	Hut 8 Schedules Third Quarter 2026 Earnings Release and Conference Call (PR Newswire) -10.87%
Oct-07-26 11:30AM	Wells Fargo keeps AI/HPC operators Overweight ahead of debt raises (Blockspace)
10:52AM	Loading…
10:52AM	Needham maintains Hut 8 Buy rating and $138 target after River Bend tour (Blockspace)
Sep-30-26 04:00PM	Has Buying Applied Digital Stock's Dips Paid Off? (Trefis) -7.28%
10:32AM	AI Data Center Leases Stretch to 20 Years as Power Becomes the Asset (PR Newswire)
Sep-28-26 01:18PM	Hut 8 closes $1.07 billion secured revolver for AI data centers (Blockspace)
06:30AM	Hut 8 Expands Corporate Liquidity with $1.07 Billion Senior Secured Revolving Credit Facility (PR Newswire)
Sep-25-26 04:18PM	Weekly Wrap: The Crypto Rally Continues (CryptoProwl)
Sep-24-26 12:27PM	UBS initiates five AI Infrastructure stocks, sees 36% upside (Investing.com)
10:32AM	Hut 8 wins Poolin bankruptcy auction with $140 million bid (Blockspace)
09:37AM	Hut 8 Acquires Poolins Texas Data Centres For $140 Million (CryptoProwl)
09:28AM	Hut 8 Stock Receives A Strong Buy Rating From Swiss Bank UBS (CryptoProwl)
Sep-23-26 03:30PM	UBS turns bullish on five AI data center stocks (Proactive)
01:07PM	Should You Sell Your APLD Stock Now? (Trefis)
09:57AM	CIFR, WULF, HUT, CORZ Stocks Get 'Buy' Ratings With UBS Betting On Bitcoin Miners AI Pivot (Stocktwits)
09:49AM	Microsoft upgraded, HubSpot initiated: Wall Street's top analyst calls (The Fly)
Sep-21-26 04:02PM	America's power grid is running out of juice - and these stocks stand to gain (MarketWatch)
11:38AM	Loading…
11:38AM	Nebius, CoreWeave Get Sell Calls as Credit Flashes Warning (GuruFocus.com)
10:07AM	Is MARA Stock A Buy Today, Before Any AI Leases Are Signed? (Trefis)
09:47AM	Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls (The Fly)
08:06AM	CRWV, NBIS Stocks Get Sell Ratings, AI-Pivoting Bitcoin Miners Get Neutral Calls: Rothschild Says Credit Market Is Sending The More Important Signal (Stocktwits)
Sep-17-26 03:41PM	Can Applied Digital Stock Recover On Leases It Has Already Signed? (Trefis)
02:14PM	Former Hut 8 CEO To Lead Crypto Miner Fortitude (CryptoProwl)
08:41AM	CORZ Stock Gets AMD Boost, While HUT, CIFR, WULF Shares Win Tenant Nod As Wells Fargo Backs Bitcoin Miners AI Pivot (Stocktwits)
Sep-16-26 01:00PM	17 Stocks Short Sellers Are Loving Right Now (Schaeffer's Research)
09:48AM	American Bitcoin Shares Rise 1% Premarket After BTIG Initiates Coverage With Buy Rating (InvestorsHub)
Sep-15-26 06:03AM	Crypto Stocks Fall as Bitcoin Drops Ahead of Clarity Act Vote and Fed Decision (InvestorsHub)
Sep-14-26 08:04PM	How Far Can Applied Digital Stock Fall If The Business Keeps Growing? (Trefis) -7.58%
Sep-11-26 09:15AM	How Billionaire VC Bill Tai Thinks AI Will Reshape the Global Economy (Coinage Coop) +8.83%
Sep-10-26 06:48PM	Fluidstack in talks for $5 billion Pentagon AI infrastructure loan: WSJ (Blockspace) -5.55%
Sep-09-26 07:03AM	Toronto Stock Exchange Announces the 2026 TSX30, Recognizing the Companies Scaling into Global Leaders (Newsfile)
Sep-04-26 03:25PM	Weekly Wrap: Bitcoins Win Streak Continues (CryptoProwl) +6.19%
Sep-03-26 08:06PM	What Are You Actually Buying In Applied Digital Stock? (Trefis) +9.18%
02:59PM	Investor Who Went 30 Years Without a Loss Just Bet $125 Million on Bitcoin (BeInCrypto)
Sep-01-26 07:27PM	Inside Anthropics $35B deal with Lambda at Hut 8s Beacon Point (Blockspace)
04:31PM	Anthropic's $35 Billion Cloud Deal Comes With an Nvidia Twist (GuruFocus.com)
03:59PM	Anthropic $35B Lambda Deal, ERCOT Misses Batch Zero Baseload Deadline, Anti-AI Politicians Are Getting Rich from AI Stocks (Blockspace)
03:21PM	Anthropic Raises AI Stakes With Stunning $35 Billion Bet (GuruFocus.com)
11:51AM	Anthropic strikes $35 billion cloud deal with Nvidia-backed Lambda (Proactive)
10:41AM	Anthropic signs $35 billion Lambda cloud deal: WSJ (Blockspace)
09:56AM	Anthropic To Acquire Computing Power From Hut 8 (CryptoProwl)
09:45AM	Anthropic's $35B cloud deal with Lambda adds new layer to circular financing concerns (Yahoo Finance Video)
08:25AM	Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda (Yahoo Finance)
08:19AM	Hut 8 Rises on Anthropic's $35 Billion Lambda Deal (GuruFocus.com)
07:18AM	Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda (Quartz)
05:11AM	Anthropic agrees to $35bn cloud contract with Lambda (Verdict)
Aug-31-26 11:29PM	Anthropic's rumored US$35 billion Lambda deal shows how far Nvidia will go to bankroll its own customers (DigiTimes)
10:28PM	Anthropic signs $35B computing deal with startup backed by Nvidia (AFP)
09:49PM	Why Is HUT Stock Rising Nearly 5% In Overnight Trading? (Stocktwits)
07:54PM	Anthropic Seals $35 Billion Cloud Deal With Nvidia-Backed Lambda (Bloomberg)
03:56PM	IREN, CIFR, HUT Stock Price Updates, PUCT Approves Permian Basin Transmission Line, SpaceXs Turbine Fabrication (Blockspace)
Aug-30-26 10:58PM	Eric Trump Says American Bitcoin Mines Up to 13 BTC Daily at 49% Margins (BeInCrypto)
Aug-27-26 08:36PM	Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up. What Gives? (Trefis) -8.85%
10:16AM	Hut 8 CFO Sells Company Stock (CryptoProwl)
Aug-24-26 10:24AM	Morgan Stanley expects powered-shell deal wave by October (Blockspace)
Aug-21-26 04:34PM	Weekly Wrap: Bitcoin Breaks Out (CryptoProwl) -8.79%
10:15AM	Crypto Miner Poolin Files For Bankruptcy (CryptoProwl)
05:56AM	Crypto stocks extend rally as Bitcoin jumps on US regulatory momentum (InvestorsHub)
05:37AM	Crypto stocks continue rallying as Bitcoin extends gains on regulation push (Investing.com)
Aug-20-26 10:36AM	Coinbase, Crypto Stocks Brush Off Broad Market Selloff (Schaeffer's Research) +8.00%
10:31AM	Bitdeer Shares Surge as AI Arm Lands $400M Malaysia Deal (CryptoProwl)
Aug-19-26 03:52PM	Eagle Point Backs $1.3B Loan for Anthropic-Anchored Texas Data Center (Benzinga Private Markets)
Aug-18-26 11:45PM	HUT Stock Heads For 4th Week Of Declines: Why This Analyst Thinks Hut 8 Is a Buy (Stocktwits) -8.23%
09:07AM	Stanley Druckenmillers Duquesne Family Office Shifts to Bitcoin Mining Companies (CoinGape)
Aug-17-26 03:45PM	Stanley Druckenmiller Opens Positions in Hut 8, Riot Platforms And Bitdeer (CryptoProwl)
Aug-14-26 09:22AM	Hut 8 says Beacon Point may be among 23 Texas projects cleared for review: Needham (Blockspace)
Aug-12-26 09:45AM	Earnings For Bitcoin Miners Hit 10-Year Low (CryptoProwl)
05:30AM	Most Power Sought for US Data Centers Will Never Materialize (Bloomberg)
Aug-11-26 09:22PM	Riots Anthropic Deal Lifts Bitcoin Miner Stocks, But Its Bad News For BTC (BeInCrypto)
11:30AM	Meta backs Texas data center standards but leaves infrastructure commitment unpriced (Blockspace)
Aug-10-26 09:45AM	Hut 8 Affirms Commitment to Responsible Data Center Development Following Directive from Texas Governor Greg Abbott (PR Newswire)
Aug-07-26 06:16PM	Hut 8 CEO calls Texas data center audit extremely smart, discusses AI expansion plans (Blockspace)
06:11PM	Weekly Wrap: Bitcoin Hit By Coldcard Hack And Clarity Act Disappointment (CryptoProwl)
03:37PM	CleanSpark Q3 FY26 Earnings, Hut 8 CEO Interview, MARA Q2 Earnings (Blockspace)
Aug-06-26 08:30AM	Roundhill Investments Launches First-Ever Neocloud ETF (NCLD) and Photonics & Optics ETF (LYTE) (PR Newswire)
Aug-05-26 10:53AM	KBW cuts Hut 8 target as Beacon Point audit clouds River Bend upside (Blockspace) -8.30%
10:33AM	Rosenblatt keeps Hut 8 at Buy, sees 23% upside despite ERCOT delay (Blockspace)
01:12AM	Hut 8 Stock Slides 9.7% Despite 81% Revenue Surge in Q2 (BeInCrypto)
Aug-04-26 10:34PM	HUT Stock Rises Overnight: Why This Analyst Sees A 68% Upside Despite Q2 Miss (Stocktwits) -9.74%
06:20PM	Hut 8s AI deals total $50B in contracted revenue with extensions: Q2 earnings (Blockspace)
05:02PM	Hut 8 Corp (HUT) (Q2 2026) Earnings Call Highlights: $7. ... (GuruFocus.com)
04:33PM	Hut 8s Stock Falls On Poor Financial Results (CryptoProwl)
04:06PM	Cipher Digital and Hut 8 Q2 Earnings, Ionic Digital CEO Interview, BTDRs $4.7B AI Deal, ERCOTs Batch Zero Hiccup (Blockspace)
10:05AM	KBW keeps Outperform on HUT with $157 price target following Q2 Earnings (Blockspace)
09:27AM	American Bitcoins President Resigns (CryptoProwl)
09:07AM	HUT Stock Dips On Q2 Miss CEO Says AI Data Center Delivery Is Now Central Priority (Stocktwits)
08:34AM	Hut 8 misses estimates as revenue reaches $74.9 million: Q2 Earnings (Blockspace)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Michael Ho	Officer, Director	Sep 29 '26	Proposed Sale	92.71	1,500,000	139,065,000		Sep 29 04:56 PM
SHATTUCK MAYO A III	Director	Sep 24 '26	Sale	100.00	20,000	2,000,000	89,408	Sep 28 06:51 PM
SHATTUCK MAYO A III	Director	Sep 24 '26	Proposed Sale	100.00	20,000	2,000,000		Sep 24 12:30 PM
Glennan Sean Joseph	Chief Financial Officer	Aug 21 '26	Option Exercise	0.00	12,355	0	24,423	Aug 25 07:32 PM
Glennan Sean Joseph	Chief Financial Officer	Aug 24 '26	Sale	78.76	6,445	507,623	17,978	Aug 25 07:32 PM
Glennan Sean Joseph	Officer	Aug 24 '26	Proposed Sale	78.76	6,445	507,633		Aug 24 03:20 PM
Semah Victor	Chief Legal Officer	Jun 17 '26	Sale	125.00	10,000	1,250,000	31,378	Jun 18 07:06 PM
Semah Victor	Officer	Jun 17 '26	Proposed Sale	125.00	10,000	1,250,000		Jun 17 10:45 AM
Flinn Joseph	Director	Jun 11 '26	Sale	116.21	30,500	3,544,420	18,238	Jun 15 09:53 PM
Flinn Joseph	Director	Jun 12 '26	Sale	117.91	7,719	910,162	10,519	Jun 15 09:53 PM
Flinn Joseph	Director	Jun 12 '26	Proposed Sale	117.92	7,719	910,187		Jun 12 03:21 PM
Flinn Joseph	Director	Jun 11 '26	Proposed Sale	214.58	30,500	6,544,554		Jun 11 05:09 PM
Wilkinson Amy Marie	Director	May 21 '26	Sale	100.78	20,000	2,015,600	262,136	May 26 07:03 PM
Amy Wilkinson	Director	May 21 '26	Proposed Sale	100.36	20,000	2,007,229		May 21 12:39 PM
Rickertsen Rick	Director	May 13 '26	Sale	110.00	17,491	1,924,010	0	May 13 07:34 PM
Rickertsen Rick	Director	May 11 '26	Sale	105.00	16,496	1,732,080	17,491	May 13 07:34 PM
RICKERTSEN CARL J	Director	May 13 '26	Proposed Sale	110.00	17,491	1,924,010		May 13 02:08 PM
RICKERTSEN CARL J	Director	May 11 '26	Proposed Sale	105.00	16,496	1,732,080		May 11 12:13 PM
Semah Victor	Chief Legal Officer	May 04 '26	Sale	76.83	10,518	808,149	41,378	May 04 09:39 PM
Semah Victor	Officer	May 04 '26	Proposed Sale	76.83	10,518	808,149		May 04 03:18 PM
Glennan Sean Joseph	Chief Financial Officer	Mar 10 '26	Sale	49.05	4,625	226,871	12,068	Mar 10 07:38 PM
Semah Victor	Chief Legal Officer	Mar 10 '26	Sale	49.05	5,498	269,694	24,796	Mar 10 07:37 PM
Glennan Sean Joseph	Officer	Mar 10 '26	Proposed Sale	49.05	4,625	226,871		Mar 10 03:36 PM
Semah Victor	Officer	Mar 10 '26	Proposed Sale	49.05	5,498	269,694		Mar 10 03:28 PM

Hut 8 Corp. engages in the development and operation of data centers at scale, supporting AI, high-performance computing (HPC), ASIC compute, and other energy-intensive technology applications. It operates through the following segments: Power, Digital Infrastructure, Compute, and Others. The Power segment manages the origination, development, and management of powered land and energy infrastructure. The Digital Infrastructure refers to the development, ownership, and operation of facilities designed to support next-generation, energy-intensive technology application. The Compute segment deals with operating businesses that deploy and monetize compute assets across next-generation energy-intensive technology. The Others segment offers equipment sales and repairs. The company was founded on January 27, 2023 and is headquartered in Miami, FL.

Co-FounderMr. Asher Kevin Genoot

Co-FounderMr. Michael Ho

Chief Financial OfficerMr. Sean Glennan

Chief Legal Officer & Corporate SecretaryMr. Victor Semah J.D.

Chief Technology OfficerMr. Jake Palmer

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HUT

Hut 8 Corp

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