HUT Chart
About

Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company 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. It also engages in the operation of compute infrastructure; and provision, hosting, monitoring, troubleshooting, repair, maintenance, and sale of mining equipment. In addition, the company offers Bitcoin mining; data center and cloud infrastructure services, including colocation services; and ASIC compute, traditional cloud, and AI cloud services. Hut 8 Corp. was founded in 2020 and is based in Miami, Florida.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 5.42B
Enterprise Value 6.21B Income -225.44M Sales 235.12M
Book/sh 12.92 Cash/sh 0.41 Dividend Yield
Payout 0.00% Employees 248 IPO
P/E Forward P/E -15.40 PEG
P/S 23.05 P/B 3.78 P/C
EV/EBITDA -29.03 EV/Sales 26.42 Quick Ratio 0.20
Current Ratio 1.09 Debt/Eq 25.41 LT Debt/Eq
EPS (ttm) -2.14 EPS next Y -3.17 EPS Growth
Revenue Growth 179.20% Earnings 2026-05-07 ROA -9.24%
ROE -18.58% ROIC Gross Margin 54.16%
Oper. Margin -4.98% Profit Margin -96.19% Shs Outstand 110.89M
Shs Float 84.67M Short Float 16.51% Short Ratio 3.05
Short Interest 52W High 66.07 52W Low 10.04
Beta 6.17 Avg Volume 5.11M Volume 1.23M
Target Price $71.93 Recom None Prev Close $50.14
Price $48.88 Change -2.51%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$71.93
Mean price target
2. Current target
$47.84
Latest analyst target
3. DCF / Fair value
$-60.32
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$47.84
Low
$55.00
High
$85.00
Mean
$71.93

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 main Canaccord Genuity Buy → Buy $70
2026-02-26 main HC Wainwright & Co. Buy → Buy $80
2026-02-26 main Rosenblatt Buy → Buy $65
2026-02-26 main Needham Buy → Buy $66
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5498 269694.0 Sale at price 49.05 per share. SEMAH VICTOR Officer 2026-03-10 00:00:00 D
1 4625 226871.0 Sale at price 49.05 per share. GLENNAN SEAN JOSEPH Chief Financial Officer 2026-03-10 00:00:00 D
2 14556 nan SEMAH VICTOR Officer 2026-03-06 00:00:00 D
3 10398 nan GLENNAN SEAN JOSEPH Chief Financial Officer 2026-03-06 00:00:00 D
4 10000 265614.0 Sale at price 26.55 - 26.63 per share. FLINN JOSEPH PATRICK Director 2025-08-28 00:00:00 D
5 6060 133839.0 Sale at price 22.09 per share. GLENNAN SEAN JOSEPH Chief Financial Officer 2025-08-25 00:00:00 D
6 12355 nan GLENNAN SEAN JOSEPH Chief Financial Officer 2025-08-21 00:00:00 D
7 11069 174585.0 Sale at price 15.77 per share. FLINN JOSEPH PATRICK Director 2025-06-23 00:00:00 D
8 18698 nan TAI WILLIAM PING Director 2025-06-18 00:00:00 D
9 18396 nan O'NEAL E. STANLEY Director 2025-06-18 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-06-302022-06-30
TaxEffectOfUnusualItems10.50M1.75M-762.24K-5.64M
TaxRateForCalcs0.170.250.020.19
NormalizedEBITDA-225.99M524.14M22.71M22.48M
TotalUnusualItems60.74M6.97M-42.51M-30.30M
TotalUnusualItemsExcludingGoodwill60.74M6.97M-42.51M-30.30M
NetIncomeFromContinuingOperationNetMinorityInterest-226.15M338.93M-65.61M-31.80M
ReconciledDepreciation104.51M49.41M19.07M11.99M
ReconciledCostOfRevenue105.16M85.02M42.82M25.38M
EBITDA-165.25M531.11M-19.80M-7.82M
EBIT-269.76M481.70M-38.87M-19.82M
NetInterestIncome-30.07M-29.79M-27.93M-6.92M
InterestExpense30.07M29.79M27.93M6.92M
NormalizedIncome-276.39M333.71M-23.87M-7.14M
NetIncomeFromContinuingAndDiscontinuedOperation-226.15M331.88M-65.61M-31.80M
TotalExpenses332.48M207.34M89.23M68.70M
TotalOperatingIncomeAsReported-321.99M460.54M-68.69M-19.82M
DilutedAverageShares99.48M88.55M88.55M
BasicAverageShares99.48M88.55M88.55M
DilutedEPS3.34-0.74-0.36
BasicEPS3.34-0.74-0.36
DilutedNIAvailtoComStockholders-226.15M331.88M-65.61M-31.80M
NetIncomeCommonStockholders-226.15M331.88M-65.61M-31.80M
NetIncome-226.15M331.88M-65.61M-31.80M
MinorityInterests21.85M473.00K
NetIncomeIncludingNoncontrollingInterests-248.00M331.41M-65.61M-31.80M
NetIncomeDiscontinuousOperations0.00-7.04M
NetIncomeContinuousOperations-248.00M338.45M-65.61M-31.80M
TaxProvision-51.84M113.46M-1.20M5.07M
PretaxIncome-299.83M451.91M-66.81M-26.73M
OtherIncomeExpense47.64M17.33M-36.38M-30.30M
OtherNonOperatingIncomeExpenses-21.82M
SpecialIncomeCharges-4.59M5.19M-42.51M-30.30M
GainOnSaleOfPPE-4.59M634.00K-445.00K0.00
OtherSpecialCharges-5.97M-25.21M
WriteOff0.004.47M3.70M30.30M
ImpairmentOfCapitalAssets63.57M0.00
RestructuringAndMergernAcquisition0.00-3.06M
EarningsFromEquityInterest8.73M10.36M6.13M0.00
GainOnSaleOfSecurity65.33M1.78M4.58M5.46M
NetNonOperatingInterestIncomeExpense-30.07M-29.79M-27.93M-6.92M
InterestExpenseNonOperating30.07M29.79M27.93M6.92M
OperatingIncome-317.40M464.38M-2.50M10.49M
OperatingExpense224.71M120.69M46.12M42.92M
DepreciationAmortizationDepletionIncomeStatement101.90M47.77M18.78M11.59M
DepreciationAndAmortizationInIncomeStatement101.90M47.77M18.78M11.59M
SellingGeneralAndAdministration122.81M72.92M27.34M31.32M
GeneralAndAdministrativeExpense122.81M72.92M27.34M31.32M
OtherGandA122.81M72.92M27.34M31.32M
GrossProfit-92.69M585.07M43.62M53.40M
CostOfRevenue107.77M86.66M43.11M25.78M
TotalRevenue15.08M671.72M86.74M79.19M
OperatingRevenue15.08M664.12M66.62M73.62M
Line Item2025-12-312024-12-312023-06-302022-06-30
OrdinarySharesNumber110.09M99.48M88.55M88.55M
ShareIssued110.09M99.48M88.55M88.55M
NetDebt365.25M215.54M140.81M107.21M
TotalDebt429.33M345.65M152.53M130.68M
TangibleBookValue1.20B910.31M21.84M87.60M
InvestedCapital1.83B1.28B178.56M215.88M
WorkingCapital32.60M102.89M9.03M-63.08M
NetTangibleAssets1.20B910.31M21.84M87.60M
CapitalLeaseObligations19.17M45.06M1.34M2.40M
CommonStockEquity1.42B976.67M27.37M87.60M
PreferredStockEquity98.50M98.50M24.65M
TotalCapitalization1.63B1.21B177.26M138.66M
TotalEquityGrossMinorityInterest1.69B980.58M27.37M87.60M
MinorityInterest267.55M3.91M
StockholdersEquity1.42B976.67M27.37M87.60M
OtherEquityInterest855.00K
GainsLossesNotAffectingRetainedEarnings-10.43M-45.55M0.000.00
OtherEquityAdjustments-10.43M-45.55M
RetainedEarnings5.48M231.63M-106.50M-40.89M
AdditionalPaidInCapital1.43B789.60M133.44M128.07M
CapitalStock1.10M995.00K432.00K415.00K
CommonStock1.10M995.00K432.00K415.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.06B538.28M162.62M157.42M
TotalNonCurrentLiabilitiesNetMinorityInterest688.67M384.33M152.29M57.26M
OtherNonCurrentLiabilities332.15M1.32M
DerivativeProductLiabilities146.00K0.00
NonCurrentDeferredLiabilities129.85M111.11M1.45M2.97M
NonCurrentDeferredTaxesLiabilities129.85M111.11M1.45M2.97M
LongTermDebtAndCapitalLeaseObligation226.51M273.21M150.83M52.97M
LongTermCapitalLeaseObligation16.28M37.59M943.00K1.91M
LongTermDebt210.24M235.62M149.89M51.06M
CurrentLiabilities375.58M153.96M10.34M100.16M
OtherCurrentLiabilities126.67M33.53M591.00K478.00K
CurrentDeferredLiabilities1.46M6.20M1.03M14.84M
CurrentDeferredRevenue1.46M6.20M1.03M14.84M
CurrentDebtAndCapitalLeaseObligation202.82M72.44M1.69M77.71M
CurrentCapitalLeaseObligation2.89M7.47M395.00K496.00K
CurrentDebt199.93M64.97M1.30M77.22M
OtherCurrentBorrowings199.93M64.97M1.30M77.22M
CurrentNotesPayable0.001.25M
PensionandOtherPostRetirementBenefitPlansCurrent8.34M7.71M117.00K236.00K
PayablesAndAccruedExpenses36.29M34.07M7.49M7.37M
CurrentAccruedExpenses10.67M12.23M3.89M1.10M
Payables25.62M21.84M3.60M6.27M
TotalTaxPayable9.87M10.55M0.000.00
IncomeTaxPayable115.00K0.00
AccountsPayable15.76M11.29M3.60M6.27M
TotalAssets2.75B1.52B190.00M245.03M
TotalNonCurrentAssets2.35B1.26B170.63M207.94M
OtherNonCurrentAssets1.30B857.11M
NonCurrentPrepaidAssets6.22M7.89M254.00K88.34M
NonCurrentDeferredAssets0.002.10M
NonCurrentDeferredTaxesAssets0.002.10M
FinancialAssets101.18M0.00
InvestmentsAndAdvances51.54M88.39M93.58M0.00
OtherInvestments6.38M6.38M
LongTermEquityInvestment45.16M82.02M93.58M0.00
InvestmentsinJointVenturesatCost45.16M82.02M93.58M0.00
GoodwillAndOtherIntangibleAssets221.23M66.36M5.54M0.00
OtherIntangibleAssets11.14M13.27M5.54M
Goodwill210.09M53.08M0.000.00
NetPPE663.84M242.27M71.25M119.61M
AccumulatedDepreciation-89.67M-51.86M-14.70M-11.95M
GrossPPE753.51M294.14M85.95M131.56M
Leases1.84M680.00K59.00K59.00K
ConstructionInProgress79.50M55.92M10.93M32.17M
OtherProperties35.27M58.06M74.96M97.58M
MachineryFurnitureEquipment51.98M60.42M0.000.00
LandAndImprovements46.09M263.00K0.001.74M
Properties538.82M118.79M0.000.00
CurrentAssets408.18M256.84M19.37M37.08M
HedgingAssetsCurrent16.22M18.08M
AssetsHeldForSaleCurrent38.72M0.000.000.00
RestrictedCash87.06M92.98M851.00K847.00K
PrepaidAssets189.33M52.68M7.50M8.51M
Receivables31.93M8.06M636.00K6.65M
OtherReceivables812.00K5.49M
TaxesReceivable0.001.07M
AccountsReceivable31.12M6.99M636.00K1.17M
AllowanceForDoubtfulAccountsReceivable-200.00K-200.00K
GrossAccountsReceivable31.32M7.19M
CashCashEquivalentsAndShortTermInvestments44.91M85.04M10.38M21.07M
OtherShortTermInvestments851.00K847.00K3.02M
CashAndCashEquivalents44.91M85.04M10.38M21.07M
CashFinancial44.91M85.04M10.38M21.07M
Line Item2025-12-312024-12-312023-06-302022-06-30
FreeCashFlow-787.31M-333.13M-32.48M-80.19M
RepaymentOfDebt-49.55M-36.77M-19.61M-10.53M
IssuanceOfDebt135.00M164.85M14.24M130.71M
IssuanceOfCapitalStock757.70M162.53M0.0073.79M
CapitalExpenditure-648.09M-264.60M-3.14M-37.27M
InterestPaidSupplementalData13.56M11.16M5.54M6.84M
IncomeTaxPaidSupplementalData1.19M2.82M0.000.00
EndCashPosition48.61M85.64M10.38M21.07M
BeginningCashPosition85.64M30.96M21.07M6.72M
EffectOfExchangeRateChanges285.00K-261.00K0.000.00
ChangesInCash-37.31M54.94M-10.69M14.35M
FinancingCashFlow856.13M311.95M-6.60M191.63M
CashFlowFromContinuingFinancingActivities856.13M311.95M-6.60M191.63M
NetOtherFinancingCharges12.97M21.33M-1.23M-2.34M
ProceedsFromStockOptionExercised6.00K0.00
NetPreferredStockIssuance0.0073.79M
PreferredStockIssuance0.0073.79M
NetCommonStockIssuance757.70M162.53M0.000.00
CommonStockIssuance757.70M162.53M0.000.00
NetIssuancePaymentsOfDebt85.45M128.08M-5.37M120.18M
NetLongTermDebtIssuance85.45M128.08M-5.37M120.18M
LongTermDebtPayments-49.55M-36.77M-19.61M-10.53M
LongTermDebtIssuance135.00M164.85M14.24M130.71M
InvestingCashFlow-754.21M-188.47M25.25M-134.37M
CashFlowFromContinuingInvestingActivities-754.21M-188.47M25.25M-134.37M
NetOtherInvestingChanges3.74M74.48M-11.90M-141.44M
NetInvestmentPurchaseAndSale-162.69M0.0050.03M44.35M
SaleOfInvestment50.03M44.35M
PurchaseOfInvestment-162.69M0.00
NetBusinessPurchaseAndSale46.96M-3.20M-10.00M0.00
SaleOfBusiness46.96M3.17M0.000.00
PurchaseOfBusiness0.00-6.38M-10.00M0.00
NetIntangiblesPurchaseAndSale-26.01M-286.00K
PurchaseOfIntangibles-26.01M-286.00K
NetPPEPurchaseAndSale-211.06M-158.75M-2.88M-37.27M
SaleOfPPE5.87M4.85M257.00K0.00
PurchaseOfPPE-216.93M-163.60M-3.14M-37.27M
CapitalExpenditureReported-405.15M-100.71M
OperatingCashFlow-139.23M-68.53M-29.34M-42.91M
CashFlowFromContinuingOperatingActivities-139.23M-68.53M-29.34M-42.91M
ChangeInWorkingCapital-50.84M-14.40M-5.17M5.24M
ChangeInOtherWorkingCapital-4.74M3.50M-13.81M14.84M
ChangeInOtherCurrentLiabilities-5.11M-6.08M-1.87M804.00K
ChangeInOtherCurrentAssets0.003.91M
ChangeInPayablesAndAccruedExpense-5.47M-8.35M1.53M420.00K
ChangeInAccruedExpense2.17M480.00K
ChangeInPayable-5.47M-8.35M-308.00K-538.00K
ChangeInAccountPayable-5.59M-8.35M-308.00K-538.00K
ChangeInTaxPayable115.00K0.00
ChangeInIncomeTaxPayable115.00K0.00
ChangeInPrepaidAssets-9.88M-5.58M8.45M-10.67M
ChangeInReceivables-25.64M-1.79M532.00K-155.00K
ChangesInAccountReceivables-26.37M-719.00K532.00K-155.00K
OtherNonCashItems43.68M16.65M23.44M727.00K
StockBasedCompensation57.80M20.78M4.61M9.18M
AssetImpairmentCharge0.004.47M67.28M30.30M
DeferredTax-54.65M111.76M-1.52M5.07M
DeferredIncomeTax-54.65M111.76M-1.52M5.07M
DepreciationAmortizationDepletion104.51M49.41M19.07M11.99M
DepreciationAndAmortization104.51M49.41M19.07M11.99M
Depreciation104.51M49.41M19.07M11.99M
OperatingGainsLosses8.27M-588.61M-71.44M-73.62M
EarningsLossesFromEquityInvestments36.86M641.00K5.62M0.00
GainLossOnInvestmentSecurities-62.89M-6.78M-4.58M-5.46M
NetForeignCurrencyExchangeGainLoss-3.40M5.00M0.000.00
GainLossOnSaleOfPPE4.59M-634.00K445.00K0.00
NetIncomeFromContinuingOperations-248.00M331.41M-65.61M-31.80M
SEC Filings

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

Public Trades for HUT
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status