NasdaqGS:HUTSoftware
Hut 8 (HUT) Stock Grapples With Losses And Lofty AI Expectations
Hut 8 stock just dropped 9.7% to about US$101, even though the headline numbers were not a simple disaster story. Revenue for Q2 came in around US$74.9 million and the company still reported a sizeable net loss of about US$150.2 million. The market is reacting to that loss and to a rich price to sales multiple near 35.8x that already reflects heavy growth expectations.
The short term hit is clear on your screen. The real question now is whether the long term growth forecasts and the path to...