Hut 8 Corp. (TSE:HUT) Receives Average Recommendation of "Strong Buy" from Analysts

Key Points

• Hut 8 has a consensus analyst rating of Strong Buy from eight firms (seven gave strong-buy and one gave buy), with recent upgrades from Keefe, Bruyette & Woods and HC Wainwright.
• The stock opened at C$68.87, is trading within a 12‑month range of C$14.28–C$89.34, has a market cap of C$7.64 billion and a negative trailing P/E of -32.18, signaling current losses despite high volatility (beta 4.58).
• Hut 8 is a North American bitcoin miner that holds more self‑mined bitcoin than any other crypto miner or publicly traded company and focuses on mining and holding bitcoin while pursuing diversified revenue strategies.

Hut 8 Corp. (TSE:HUT - Get Free Report) has received a consensus rating of "Strong Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a buy rating and seven have given a strong buy rating to the company.

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a research note on Tuesday, January 27th. HC Wainwright upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, February 2nd.

Hut 8 Trading Up 1.6%

TSE HUT opened at C$68.87 on Friday. Hut 8 has a 12 month low of C$14.28 and a 12 month high of C$89.34. The company has a current ratio of 1.09, a quick ratio of 1.26 and a debt-to-equity ratio of 31.34. The stock has a 50 day moving average of C$74.76 and a 200-day moving average of C$64.18. The company has a market cap of C$7.64 billion, a PE ratio of -32.18 and a beta of 4.58.

About Hut 8

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.

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