← AI Companies
CAN Nasdaq USD

Hut 8 Corp. operates Bitcoin mining and high-performance computing data centers, positioning its energy infrastructure assets for potential AI workloads.

Snapshot
Country CAN CAN
ExchangeNasdaq
AI Layer infra
Sentiment 42.0%
USD Mkt Cap12.15B
USD Revenue317.95M
USD Net Income-599.24M
fwd P/E-18.99
Price 3M-15.8%
Price 6M+107.0%
Price 1Y+208.4%
Price 2Y+789.9%
USD Share Price100.03
Price History
Price & Size
Price 98.60 USD
Market Cap 12.15B USD
Shares Outstanding 123.26M
Shares Float 103.02M
52w Low 31.67 USD
52w High 140.80 USD
Avg Volume 4.64M
Valuation
P/E (forward) -19.0x
P/B 8.42x
Enterprise Value 19.90B USD
Book Value / Share 11.71 USD
P/S 38.22x
EV / Revenue 62.59x
EV / EBITDA -25.21x
Income
Revenue 317.95M USD
Revenue / Share 2.87 USD
EBITDA -789.27M USD
Net Income -599.24M USD
EPS (trailing) -5.40 USD
EPS (forward) -5.19 USD
Margins & Profitability
Gross Margin 62.3%
Operating Margin -275.4%
Profit Margin -188.6%
EBITDA Margin -248.2%
Return on Equity -43.4%
Return on Assets -9.7%
Growth
Revenue Growth 81.4%
Cash & Debt
Total Cash 233.58M USD
Total Debt 7.67B USD
Free Cash Flow -7.74B USD
Operating Cash Flow -89.44M USD
Debt / Equity 4.37x
Current Ratio 19.35x
Quick Ratio 0.67x
Dividend
Payout Ratio 0.0%
Risk
Beta 5.98
Analyst Consensus
Target (Mean) 161.78 USD
Target (Median) 152.00 USD
Target (High) 273.00 USD
Target (Low) 120.00 USD
Recommendation strong_buy
# Analysts 18
Identifiers
FIGIBBG00K8H39V2
Sentiment 42.0%
Positive drivers

Hut 8 announced new AI/HPC data center expansions leveraging existing mining infrastructure. Bitcoin price recovery in late August provided tailwinds for mining margins. Strategic partnerships with cloud providers highlighted potential revenue diversification.

Neutral / mixed

Company reported mixed Q2 earnings with revenue growth offset by higher energy costs. Regulatory uncertainty around crypto mining in key jurisdictions remained unresolved. Stock volatility aligned with broader Nasdaq tech swings without clear directional momentum.

Negative drivers

Ongoing dilution from equity raises pressured share price during the period. Competition intensified from larger miners scaling AI initiatives faster. Macro concerns over interest rates weighed on high-beta crypto-related equities.

Bottom line

Sentiment for HUT remains mildly negative amid execution risks and dilution, tempered by AI growth potential. Overall outlook hinges on Bitcoin stability and successful pivot execution.