Hut 8 (HUT) Stock Price, News & Analysis

Company Overview

Hut 8 Corp. (NASDAQ: HUT) is a North American energy infrastructure and digital asset mining company. Its operations include cryptocurrency mining, with a primary focus on Bitcoin, as well as the development and management of data center infrastructure supported by its energy resources.

The company owns and operates mining and data center facilities in the United States and Canada. In addition to self-mining digital assets, Hut 8 has pursued opportunities in high-performance computing and artificial intelligence infrastructure, using its power capacity, data center sites and related development capabilities to support evolving computing demand.

Hut 8 was originally established as Hut 8 Mining Corp., a Canadian cryptocurrency mining company. In 2023, it completed a business combination with U.S. Bitcoin Corp. and subsequently operated under the Hut 8 name. Asher Genoot serves as the company’s chief executive officer.

Key Stats

• Today's Range: $88.10 to $93.00
• 50-Day Range: $77.57 to $112.08
• 52-Week Range: $31.67 to $140.80
• Volume: 4.62 million shs
• Average Volume: 4.32 million shs
• Market Capitalization: $11.05 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $143.95
• Consensus Rating: Buy

Hut 8 Stock Analysis - MarketRank™

Hut 8 scored higher than 59% of companies evaluated by MarketBeat, and ranked 304th out of 593 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Hut 8 has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 strong buy ratings, 19 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Hut 8 has a consensus price target of $143.95, representing about 60.6% upside from its current price of $89.63.

Amount of Analyst Coverage

Hut 8 has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Hut 8 are expected to decrease in the coming year, from ($2.98) to ($8.07) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hut 8 is -16.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hut 8 is -16.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Hut 8 has a P/B Ratio of 5.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.10% of the float of Hut 8 has been sold short.

Short Interest Ratio / Days to Cover

Hut 8 has a short interest ratio ("days to cover") of 3.68, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hut 8 has recently increased by 12.06%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hut 8 does not currently pay a dividend.

Dividend Growth

Hut 8 does not have a long track record of dividend growth.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.45

News Sentiment

Hut 8 has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Hut 8 this week, compared to 8 articles on an average week.

Search Interest

Only 42 people have searched for HUT on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

MarketBeat Follows

Only 31 people have added Hut 8 to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hut 8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,507,608.00 in company stock.

Percentage Held by Insiders

10.40% of the stock of Hut 8 is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

31.75% of the stock of Hut 8 is held by institutions.

Company Calendar

• Last Earnings: 8/05/2026
• Today: 10/02/2026
• Next Earnings (Estimated): 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Software
• Sub-Industry: Application Software
• Current Symbol: NASDAQ:HUT
• CIK: 1964789
• Web: www.hut8.com
• Phone: (305) 224-6427
• Fax: N/A
• Employees: 248
• Year Founded: 2011

Price Target and Rating

• Average Price Target for Hut 8: $143.95
• High Price Target: $263.00
• Low Price Target: $80.00
• Potential Upside/Downside: +60.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 24 Analysts

Profitability

• EPS (Trailing Twelve Months): ($5.45)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$226.15 million
• Net Margins: -188.59%
• Pretax Margin: -258.23%
• Return on Equity: -0.97%
• Return on Assets: -0.36%

Debt

• Debt-to-Equity Ratio: 4.22
• Current Ratio: 19.35
• Quick Ratio: 19.35

Sales & Book Value

• Annual Sales: $235.12 million
• Price / Sales: 46.99
• Cash Flow: $0.47 per share
• Price / Cash Flow: 191.76
• Book Value: $15.35 per share
• Price / Book: 5.84

Miscellaneous

• Outstanding Shares: 123,260,000
• Free Float: 110,440,000
• Market Cap: $11.05 billion
• Optionable: Optionable
• Beta: 4.62