Hut 8 Corp./HUT

$7.24

-4.79%
-
1D1W1MYTD1YMAX

About Hut 8 Corp.

Hut 8 Corp. is a data mining company. The Company provides the infrastructure and solutions in the global technology ecosystem. The Company is engaged in Bitcoin mining and hosting, managed services, energy arbitrage, operating traditional data centers, and utilizing emerging technologies, such as artificial intelligence (AI) and machine learning. It operates computing infrastructure across its sites that mines Bitcoin and delivers cloud, colocation, and high performance computing services to its enterprise customers. Its infrastructure portfolio includes about eleven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, AI, machine learning, and visual effects (VFX) rendering computing solutions, and six Bitcoin mining, hosting, and managed services sites located in Alberta, New York, Nebraska, and Texas. The Company’s infrastructure and networking capabilities support customers complex workloads and computing needs.

Ticker

HUT

Sector

Technology

Trading on

NASDAQ

Industry

Computer Services

CEO

Asher Genoot

Employees

219

Headquarters

Miami, United States

Website

-

Hut 8 Corp. Metrics

BasicAdvanced
$689.15M
Market cap
5.16
P/E ratio
$1.50
EPS
3.32
Beta
-
Dividend rate
$689.15M
3.32328
$21.71
$6.06
1.47M
0.547
25.425
38.729
8.725
14.16%
19.82%
16.25%
5.162
7.747
1.411
1.67
-17.32%
96.89%

What the Analysts think about Hut 8 Corp.

Analyst Ratings

Majority rating from 4 analysts.
Buy

Price Targets

Average projection from 5 analysts.
43.09% upside
High $13.86
Low $6.52
$7.24
Current price
$10.36
Average price target

Hut 8 Corp. Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
26.99% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$38.9M
79.26%
Net income
$10.5M
-344.19%
Profit margin
26.99%
-236.24%

Hut 8 Corp. Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 176%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
CA$2.35
-CA$0.40
-CA$1.20
CA$0.19
-
Expected
-CA$0.77
-CA$0.38
-CA$0.32
-CA$0.25
-CA$0.35
Surprise
-406.52%
4.35%
278.95%
-176%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Hut 8 Corp. stock?

Hut 8 Corp. (HUT) has a market cap of $689.15M as of April 16, 2024.

What is the P/E ratio for Hut 8 Corp. stock?

The price to earnings (P/E) ratio for Hut 8 Corp. (HUT) stock is 5.16 as of April 16, 2024.

Does Hut 8 Corp. stock pay dividends?

No, Hut 8 Corp. (HUT) stock does not pay dividends to its shareholders as of April 16, 2024.

When is the next Hut 8 Corp. dividend payment date?

Hut 8 Corp. (HUT) stock does not pay dividends to its shareholders.

What is the beta indicator for Hut 8 Corp.?

Hut 8 Corp. (HUT) has a beta rating of 3.32. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Hut 8 Corp. stock price target?

The target price for Hut 8 Corp. (HUT) stock is $10.36, which is 43.09% above the current price of $7.24. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

Buy or sell Hut 8 Corp. stock

Buy or sell Hut 8 Corp. stock

Stocks, funds and up to 4.50% interest earned on uninvested cash. When you invest, your capital is at risk.
Start investing