HUT Chart
About

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company operates through four segments: Power, Digital Infrastructure, Compute, and Other. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services, as well as engages in the Bitcoin mining business. In addition, the company provides colocation and data center cloud services; hosting services, which include the provision of mining equipment, as well as monitors, troubleshoots, repairs, and maintains related equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 6.40B
Enterprise Value 6.41B Income 203.96M Sales 178.32M
Book/sh 13.56 Cash/sh 0.31 Dividend Yield —
Payout 0.00% Employees 222 IPO —
P/E 30.53 Forward P/E -54.08 PEG —
P/S 35.88 P/B 4.37 P/C —
EV/EBITDA 12.78 EV/Sales 35.92 Quick Ratio 0.14
Current Ratio 0.72 Debt/Eq 23.62 LT Debt/Eq —
EPS (ttm) 1.94 EPS next Y -1.09 EPS Growth 60.07%
Revenue Growth 90.90% Earnings 2026-02-25 ROA 14.02%
ROE 17.20% ROIC — Gross Margin 47.80%
Oper. Margin 92.23% Profit Margin 115.39% Shs Outstand 108.04M
Shs Float 88.02M Short Float 17.80% Short Ratio 3.32
Short Interest — 52W High 66.07 52W Low 10.04
Beta 6.17 Avg Volume 5.95M Volume 6.01M
Target Price $70.47 Recom Strong_buy Prev Close $54.03
Price $59.22 Change 9.61%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$70.47
Mean price target
2. Current target
$59.19
Latest analyst target
3. DCF / Fair value
$23.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$59.19
Low
$55.00
High
$85.00
Mean
$70.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-27 main Keefe, Bruyette & Woods Outperform → Outperform $75
2026-01-16 reit Needham Buy → Buy $60
2026-01-09 main B. Riley Securities Buy → Buy $76
2025-12-19 main Keefe, Bruyette & Woods Outperform → Outperform $55
2025-12-18 main Canaccord Genuity Buy → Buy $62
2025-12-18 reit Needham Buy → Buy $60
2025-12-18 main Rosenblatt Buy → Buy $65
2025-12-17 reit BTIG Buy → Buy $55
2025-11-06 reit BTIG Buy → Buy $55
2025-11-05 main Rosenblatt Buy → Buy $65
2025-11-05 main Canaccord Genuity Buy → Buy $54
2025-11-04 main Cantor Fitzgerald Overweight → Overweight $64
2025-10-28 main Benchmark Buy → Buy $78
2025-10-21 main JMP Securities Market Outperform → Market Outperform $65
2025-10-16 main Rosenblatt Buy → Buy $65
2025-10-14 main BTIG Buy → Buy $55
2025-09-15 reit Roth Capital Buy → Buy $60
2025-09-09 main BTIG Buy → Buy $33
2025-08-20 main Canaccord Genuity Buy → Buy $36
2025-08-11 main Maxim Group Buy → Buy $30
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 265614.0 — Sale at price 26.55 - 26.63 per share. FLINN JOSEPH PATRICK Director — 2025-08-28 00:00:00 D
1 6060 133839.0 — Sale at price 22.09 per share. GLENNAN SEAN JOSEPH Chief Financial Officer — 2025-08-25 00:00:00 D
2 12355 nan — — GLENNAN SEAN JOSEPH Chief Financial Officer — 2025-08-21 00:00:00 D
3 11069 174585.0 — Sale at price 15.77 per share. FLINN JOSEPH PATRICK Director — 2025-06-23 00:00:00 D
4 18698 nan — — TAI WILLIAM PING Director — 2025-06-18 00:00:00 D
5 18396 nan — — O'NEAL E. STANLEY Director — 2025-06-18 00:00:00 D
6 19602 nan — — SHATTUCK MAYO ADAMS III Director — 2025-06-18 00:00:00 D
7 18698 nan — — WILKINSON AMY MARIE Director — 2025-06-18 00:00:00 D
8 17491 nan — — RICKERTSEN RICK J. Director — 2025-06-18 00:00:00 D
9 18999 nan — — FLINN JOSEPH PATRICK Director — 2025-06-18 00:00:00 D
Financials
Line Item2024-12-312023-06-302022-06-30
TaxEffectOfUnusualItems1.69M-762.24K-5.64M
TaxRateForCalcs0.240.020.19
NormalizedEBITDA524.14M22.71M22.48M
TotalUnusualItems6.97M-42.51M-30.30M
TotalUnusualItemsExcludingGoodwill6.97M-42.51M-30.30M
NetIncomeFromContinuingOperationNetMinorityInterest338.93M-65.61M-31.80M
ReconciledDepreciation49.41M19.07M11.99M
ReconciledCostOfRevenue85.02M42.82M25.38M
EBITDA531.11M-19.80M-7.82M
EBIT481.70M-38.87M-19.82M
NetInterestIncome-29.79M-27.93M-6.92M
InterestExpense29.79M27.93M6.92M
NormalizedIncome333.65M-23.87M-7.14M
NetIncomeFromContinuingAndDiscontinuedOperation331.88M-65.61M-31.80M
TotalExpenses207.34M89.23M68.70M
TotalOperatingIncomeAsReported460.54M-68.69M-19.82M
DilutedAverageShares99.48M88.55M88.55M
BasicAverageShares99.48M88.55M88.55M
DilutedEPS3.34-0.74-0.36
BasicEPS3.34-0.74-0.36
DilutedNIAvailtoComStockholders331.88M-65.61M-31.80M
NetIncomeCommonStockholders331.88M-65.61M-31.80M
NetIncome331.88M-65.61M-31.80M
MinorityInterests473.00K
NetIncomeIncludingNoncontrollingInterests331.41M-65.61M-31.80M
NetIncomeDiscontinuousOperations-7.04M
NetIncomeContinuousOperations338.45M-65.61M-31.80M
TaxProvision113.46M-1.20M5.07M
PretaxIncome451.91M-66.81M-26.73M
OtherIncomeExpense17.33M-36.38M-30.30M
SpecialIncomeCharges5.19M-42.51M-30.30M
GainOnSaleOfPPE634.00K-445.00K0.00
OtherSpecialCharges-5.97M-25.21M
WriteOff4.47M3.70M30.30M
ImpairmentOfCapitalAssets63.57M0.00
RestructuringAndMergernAcquisition-3.06M
EarningsFromEquityInterest10.36M6.13M0.00
GainOnSaleOfSecurity1.78M4.58M5.46M
NetNonOperatingInterestIncomeExpense-29.79M-27.93M-6.92M
InterestExpenseNonOperating29.79M27.93M6.92M
OperatingIncome464.38M-2.50M10.49M
OperatingExpense120.69M46.12M42.92M
DepreciationAmortizationDepletionIncomeStatement47.77M18.78M11.59M
DepreciationAndAmortizationInIncomeStatement47.77M18.78M11.59M
SellingGeneralAndAdministration72.92M27.34M31.32M
GeneralAndAdministrativeExpense72.92M27.34M31.32M
OtherGandA72.92M27.34M31.32M
GrossProfit585.07M43.62M53.40M
CostOfRevenue86.66M43.11M25.78M
TotalRevenue671.72M86.74M79.19M
OperatingRevenue664.12M66.62M73.62M
Line Item2024-12-312023-06-302022-06-302021-06-30
OrdinarySharesNumber99.48M88.55M88.55M88.55M
ShareIssued99.48M88.55M88.55M88.55M
NetDebt215.54M140.81M107.21M
TotalDebt345.65M152.53M130.68M4.60M
TangibleBookValue910.31M21.84M87.60M12.08M
InvestedCapital1.28B178.56M215.88M16.17M
WorkingCapital102.89M9.03M-63.08M3.65M
NetTangibleAssets910.31M21.84M87.60M36.73M
CapitalLeaseObligations45.06M1.34M2.40M506.00K
CommonStockEquity976.67M27.37M87.60M12.08M
PreferredStockEquity98.50M98.50M24.65M
TotalCapitalization1.21B177.26M138.66M36.73M
TotalEquityGrossMinorityInterest980.58M27.37M87.60M36.73M
MinorityInterest3.91M
StockholdersEquity976.67M27.37M87.60M36.73M
OtherEquityInterest855.00K
GainsLossesNotAffectingRetainedEarnings-45.55M0.000.00
OtherEquityAdjustments-45.55M
RetainedEarnings231.63M-106.50M-40.89M-9.08M
AdditionalPaidInCapital789.60M133.44M128.07M20.31M
CapitalStock995.00K432.00K415.00K24.65M
CommonStock995.00K432.00K415.00K0.00
PreferredStock0.000.000.0024.65M
TotalLiabilitiesNetMinorityInterest538.28M162.62M157.42M6.44M
TotalNonCurrentLiabilitiesNetMinorityInterest384.33M152.29M57.26M307.00K
OtherNonCurrentLiabilities1.32M
NonCurrentDeferredLiabilities111.11M1.45M2.97M0.00
NonCurrentDeferredTaxesLiabilities111.11M1.45M2.97M0.00
LongTermDebtAndCapitalLeaseObligation273.21M150.83M52.97M307.00K
LongTermCapitalLeaseObligation37.59M943.00K1.91M307.00K
LongTermDebt235.62M149.89M51.06M
CurrentLiabilities153.96M10.34M100.16M6.13M
OtherCurrentLiabilities18.44M591.00K478.00K
CurrentDeferredLiabilities6.20M1.03M14.84M0.00
CurrentDeferredRevenue6.20M1.03M14.84M0.00
CurrentDebtAndCapitalLeaseObligation72.44M1.69M77.71M4.29M
CurrentCapitalLeaseObligation7.47M395.00K496.00K199.00K
CurrentDebt64.97M1.30M77.22M4.09M
OtherCurrentBorrowings64.97M1.30M77.22M2.84M
CurrentNotesPayable0.001.25M
PensionandOtherPostRetirementBenefitPlansCurrent7.44M117.00K236.00K
PayablesAndAccruedExpenses49.44M7.49M7.37M1.84M
CurrentAccruedExpenses27.60M3.89M1.10M378.00K
Payables21.84M3.60M6.27M1.46M
TotalTaxPayable10.55M0.000.00
AccountsPayable11.29M3.60M6.27M1.46M
TotalAssets1.52B190.00M245.03M43.16M
TotalNonCurrentAssets1.26B170.63M207.94M33.38M
OtherNonCurrentAssets857.11M
NonCurrentPrepaidAssets7.89M254.00K88.34M23.87M
NonCurrentDeferredAssets0.002.10M
NonCurrentDeferredTaxesAssets0.002.10M
InvestmentsAndAdvances88.39M93.58M0.00
OtherInvestments6.38M
LongTermEquityInvestment82.02M93.58M0.00
InvestmentsinJointVenturesatCost82.02M93.58M0.00
GoodwillAndOtherIntangibleAssets66.36M5.54M0.00
OtherIntangibleAssets13.27M5.54M
Goodwill53.08M0.000.00
NetPPE242.27M71.25M119.61M7.42M
AccumulatedDepreciation-51.86M-14.70M-11.95M-391.00K
GrossPPE294.14M85.95M131.56M7.81M
Leases680.00K59.00K59.00K0.00
ConstructionInProgress55.92M10.93M32.17M0.00
OtherProperties58.06M536.00K2.35M490.00K
MachineryFurnitureEquipment179.21M74.43M95.23M7.32M
LandAndImprovements263.00K0.001.74M0.00
Properties0.000.000.000.00
CurrentAssets256.84M19.37M37.08M9.78M
HedgingAssetsCurrent18.08M
AssetsHeldForSaleCurrent0.000.000.00
RestrictedCash92.98M851.00K847.00K
PrepaidAssets52.68M7.50M8.51M47.00K
Receivables8.06M636.00K6.65M0.00
OtherReceivables5.49M
TaxesReceivable1.07M
AccountsReceivable6.99M636.00K1.17M0.00
AllowanceForDoubtfulAccountsReceivable-200.00K
GrossAccountsReceivable7.19M
CashCashEquivalentsAndShortTermInvestments85.04M10.38M21.07M9.74M
OtherShortTermInvestments851.00K847.00K3.02M
CashAndCashEquivalents85.04M10.38M21.07M6.72M
CashFinancial85.04M10.38M21.07M6.72M
Line Item2024-12-312023-06-302022-06-30
FreeCashFlow-333.13M-32.48M-80.19M
RepaymentOfDebt-36.77M-19.61M-10.53M
IssuanceOfDebt164.85M14.24M130.71M
IssuanceOfCapitalStock162.53M0.0073.79M
CapitalExpenditure-264.60M-3.14M-37.27M
InterestPaidSupplementalData11.16M5.54M6.84M
IncomeTaxPaidSupplementalData2.82M0.000.00
EndCashPosition10.38M21.07M
BeginningCashPosition30.96M21.07M6.72M
EffectOfExchangeRateChanges-261.00K0.000.00
ChangesInCash-10.69M14.35M
FinancingCashFlow311.95M-6.60M191.63M
CashFlowFromContinuingFinancingActivities311.95M-6.60M191.63M
NetOtherFinancingCharges21.33M-1.23M-2.34M
NetPreferredStockIssuance0.0073.79M
PreferredStockIssuance0.0073.79M
NetCommonStockIssuance162.53M0.000.00
CommonStockIssuance162.53M0.000.00
NetIssuancePaymentsOfDebt128.08M-5.37M120.18M
NetLongTermDebtIssuance128.08M-5.37M120.18M
LongTermDebtPayments-36.77M-19.61M-10.53M
LongTermDebtIssuance164.85M14.24M130.71M
InvestingCashFlow-188.47M25.25M-134.37M
CashFlowFromContinuingInvestingActivities-188.47M25.25M-134.37M
NetOtherInvestingChanges74.48M-11.90M-141.44M
NetInvestmentPurchaseAndSale50.03M44.35M
SaleOfInvestment50.03M44.35M
NetBusinessPurchaseAndSale-3.20M-10.00M0.00
SaleOfBusiness3.17M0.000.00
PurchaseOfBusiness-6.38M-10.00M0.00
NetIntangiblesPurchaseAndSale-286.00K
PurchaseOfIntangibles-286.00K
NetPPEPurchaseAndSale-158.75M-2.88M-37.27M
SaleOfPPE4.85M257.00K0.00
PurchaseOfPPE-163.60M-3.14M-37.27M
CapitalExpenditureReported-100.71M
OperatingCashFlow-68.53M-29.34M-42.91M
CashFlowFromContinuingOperatingActivities-68.53M-29.34M-42.91M
ChangeInWorkingCapital-14.40M-5.17M5.24M
ChangeInOtherWorkingCapital3.50M-13.81M14.84M
ChangeInOtherCurrentLiabilities-6.08M-1.87M804.00K
ChangeInOtherCurrentAssets3.91M
ChangeInPayablesAndAccruedExpense-8.35M1.53M420.00K
ChangeInAccruedExpense2.17M480.00K
ChangeInPayable-308.00K-538.00K
ChangeInAccountPayable-308.00K-538.00K
ChangeInPrepaidAssets-5.58M8.45M-10.67M
ChangeInReceivables-1.79M532.00K-155.00K
ChangesInAccountReceivables-719.00K532.00K-155.00K
OtherNonCashItems16.65M23.44M727.00K
StockBasedCompensation20.78M4.61M9.18M
AssetImpairmentCharge4.47M67.28M30.30M
DeferredTax111.76M-1.52M5.07M
DeferredIncomeTax111.76M-1.52M5.07M
DepreciationAmortizationDepletion49.41M19.07M11.99M
DepreciationAndAmortization49.41M19.07M11.99M
Depreciation49.41M19.07M11.99M
OperatingGainsLosses-588.61M-71.44M-73.62M
EarningsLossesFromEquityInvestments641.00K5.62M0.00
GainLossOnInvestmentSecurities-6.78M-4.58M-5.46M
NetForeignCurrencyExchangeGainLoss5.00M0.000.00
GainLossOnSaleOfPPE-634.00K445.00K0.00
NetIncomeFromContinuingOperations331.41M-65.61M-31.80M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for HUT
Date User Asset Broker Type Position Size Entry Price Patterns