Hut 8 (BASE:HUT) - Stock Price, News & Analysis

HUT Stock Overview

Operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. More details

HUT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (14x) is below the AR market (19x)

Revenue is forecast to grow 45.83% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 55% per year for the next 3 years

Highly volatile share price over the past 3 months compared to the AR market

Hut 8 Corp. Competitors

Phoenix Group

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د.إ7.9b

Semrush Holdings

NYSE:SEMR

US$2.0b

Sprinklr

NYSE:CXM

US$2.1b

Rakus

TSE:3923

JP¥370.5b

Price History & Performance

Summary of all time highs, changes and price drops for Hut 8
Historical stock prices
Current Share Price	US$155,250.00
52 Week High	US$164,000.00
52 Week Low	US$8,300.00
Beta	0
11 Month Change	57.61%
3 Month Change	137.02%
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	1,587.04%

Recent updates

Shareholder Returns

	HUT	AR Software	AR Market
7D	17.0%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how HUT performed against the AR Software industry.

Return vs Market: Insufficient data to determine how HUT performed against the AR Market.

Price Volatility

Is HUT's price volatile compared to industry and market?
HUT volatility
HUT Average Weekly Movement	14.8%
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AR Market	0%
10% least volatile stocks in AR Market	0%

Stable Share Price: HUT's share price has been volatile over the past 3 months compared to the AR market.

Volatility Over Time: HUT's weekly volatility has decreased from 50% to 15% over the past year, but is still higher than 75% of AR stocks.

About the Company

Founded	Employees	CEO	Website
2017	98	Asher Genoot	hut8.com

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing – Colocation and Cloud, and Other. The company mines Bitcoin.

Hut 8 Corp. Fundamentals Summary

How do Hut 8's earnings and revenue compare to its market cap?
HUT fundamental statistics
Market cap	AR$2.69t
Earnings (TTM)	AR$191.98b
Revenue (TTM)	AR$195.86b

14.0x

P/E Ratio

13.7x

P/S Ratio

Is HUT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HUT income statement (TTM)
Revenue	US$194.02m
Cost of Revenue	US$100.93m
Gross Profit	US$93.10m
Other Expenses	-US$97.07m
Earnings	US$190.17m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.03
Gross Margin	47.98%
Net Profit Margin	98.01%
Debt/Equity Ratio	41.7%

How did HUT perform over the long term?

See historical performance and comparison

Hut 8 BASE:HUT Stock Report