Hut 8 Corp. is a premier cryptocurrency and blockchain infrastructure provider based in Canada, recognized as one of North America’s largest publicly traded Bitcoin miners. The company is committed to sustainable energy practices, operating extensive data centers that cater to both institutional and retail clients. By leveraging cutting-edge technology and adapting to the dynamic market landscape, Hut 8 is well-equipped to satisfy the growing institutional demand for cryptocurrency solutions, positioning itself as a leader in the sector.
| Revenue (TTM) | $317.95M |
| Gross Profit (TTM) | $198.18M |
| EBITDA | $-789.27M |
| Operating Margin | -275.40% |
| Return on Equity | -43.40% |
| Return on Assets | -9.74% |
| Revenue/Share (TTM) | $2.87 |
| Book Value | $11.71 |
| Price-to-Book | 7.53 |
| Price-to-Sales (TTM) | 36.26 |
| EV/Revenue | 57.53 |
| EV/EBITDA | 11.63 |
| Quarterly Earnings Growth (YoY) | 6007.00% |
| Quarterly Revenue Growth (YoY) | 81.40% |
| Shares Outstanding | $123.26M |
| Float | $103.02M |
| % Insiders | 8.55% |
| % Institutions | 81.51% |
Volatility is currently contracting
OpenAI CEO Sam Altman said “I am seeing the first signs of what feels to me like unsustainable silliness of random new neoclouds popping up, people claiming that they're going to build gigantic amounts of compute next year that I
Hut 8 Corp. is rated Buy with a 12-month target of $140-150, reflecting a deep undervaluation versus its AI infrastructure contract pipeline. HUT's $26.6B in long-term AI data center contracts and a $9.8B lease with Nvidia underpin a transformative shift from mining to digital infrastructure. Non-recourse, investment-grade project financing and a simplified balance sheet strategically differentiate HUT, reducing dilution and parent-level risk.
NEW YORK, Aug. 21, 2026 /PRNewswire/ -- /PR Newswire/ – Pomerantz LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Hut 8 Corp.(NASDAQ: HUT): UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE HUT 8 CORP. SECURITIES LITIGATION Case No.
Friday's selling in AI-pivoting Bitcoin (CRYPTO:BTC) miners tracks their 2026 gains almost perfectly, a signature of profit-taking and position unwinding rather than a reassessment of any company's contracts or economics.
Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.
Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.
The neocloud group is bouncing back midday Tuesday after a brutal stretch. Shares of TeraWulf (NASDAQ:WULF) are up 4% to $17, Hut 8 (NASDAQ:HUT) leads the group with a 7% gain to $91, Galaxy Digital (NASDAQ:GLXY | GLXY Price Prediction) is higher by 4% at $20, and Core Scientific (NASDAQ:CORZ) is up 4% to $20.
Hut 8 maintains a 'Buy' rating after a 108% stock rise, driven by significant data center contract wins and robust sector momentum. HUT has secured 949 MW under 15-year triple-net contracts, totaling $26.6 billion in backlog and projected $1.75 billion average annual NOI. Recent $7.5 billion in non-convertible debt financing eliminates near-term dilution risk and supports ongoing data center buildout.
Hut 8 Corp. is transitioning from a bitcoin miner to a power-first, AI-focused infrastructure platform, emphasizing long-term, contracted cash flows. Despite a weak 2Q26 print and GAAP losses driven by bitcoin mark-to-market volatility, HUT's adjusted EBITDA improved and gross margins expanded to 64%. HUT secured $7.5 billion in non-recourse, investment-grade project financing, enabling large-scale campus buildouts without equity dilution or parent-level debt.
Hut 8 NASDAQ: HUT reported second-quarter 2026 revenue growth and improved adjusted EBITDA as its compute operations expanded, while management highlighted progress on its AI data center development projects and project-level financing strategy.
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