Hut 8 (HUT) Stock Overview

Operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. More details

HUT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Revenue is forecast to grow 40.86% per year

Risk Analysis

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the Canadian market

Currently unprofitable and not forecast to become profitable over the next 3 years

HUT Community Fair Values

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Hut 8 Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hut 8
Historical stock prices
Current Share Price	US$125.37
52 Week High	US$194.28
52 Week Low	US$42.54
Beta	5.98
1 Month Change	1.42%
3 Month Change	-24.57%
1 Year Change	183.71%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	711.46%

Recent updates

Shareholder Returns

	HUT	CA Software	CA Market
7D	3.3%	-6.7%	-0.1%
1Y	183.7%	-34.2%	23.9%

Return vs Industry: HUT exceeded the Canadian Software industry which returned -34.2% over the past year.

Return vs Market: HUT exceeded the Canadian Market which returned 23.9% over the past year.

Price Volatility

Is HUT's price volatile compared to industry and market?
HUT volatility
HUT Average Weekly Movement	14.3%
Software Industry Average Movement	10.9%
Market Average Movement	9.4%
10% most volatile stocks in CA Market	16.3%
10% least volatile stocks in CA Market	3.7%

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

Volatility Over Time: HUT's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2020	248	Asher Genoot	www.hut8.com

Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services.

Hut 8 Corp. Fundamentals Summary

How do Hut 8's earnings and revenue compare to its market cap?
HUT fundamental statistics
Market cap	CA$16.36b
Earnings (TTM)	-CA$828.97m
Revenue (TTM)	CA$439.85m

35.1x

P/S Ratio

-18.6x

P/E 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$317.95m
Cost of Revenue	US$119.78m
Gross Profit	US$198.18m
Other Expenses	US$797.41m
Earnings	-US$599.24m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-4.86
Gross Margin	62.33%
Net Profit Margin	-188.47%
Debt/Equity Ratio	435.5%

How did HUT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 00:26
End of Day Share Price	2026/09/10 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hut 8 Corp. is covered by 23 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Pierre-Marie D'Ornano	Arete Research Services LLP
Nicholas Giles	B. Riley Securities, Inc.
Gregory Lewis	BTIG

Hut 8 (HUT) Stock Overview

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Hut 8 Corp. Competitors

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Price History & Performance

Recent News & Updates

Pomerantz LLP Announces Proposed Class Action Settlement On Behalf Of Purchasers Of Securities Of Hut 8 Corp

New minor risk - Profitability

New minor risk - Shareholder dilution

Second quarter 2026 earnings released: US$1.27 loss per share (vs US$1.32 profit in 2Q 2025)

New major risk - Share price stability

Hut 8 Corp. to Report Q2, 2026 Results on Aug 04, 2026

Recent updates

Pomerantz LLP Announces Proposed Class Action Settlement On Behalf Of Purchasers Of Securities Of Hut 8 Corp

New minor risk - Profitability

New minor risk - Shareholder dilution

Second quarter 2026 earnings released: US$1.27 loss per share (vs US$1.32 profit in 2Q 2025)

New major risk - Share price stability

Hut 8 Corp. to Report Q2, 2026 Results on Aug 04, 2026

High number of new directors

Insider recently sold CA$1.8m worth of stock

Hut 8 Corp Announces Board Changes

Hut 8 Corp. Announces Appointment of Mark Eidelman as Head of Investor Relations and Senior Vice President of Strategic Finance

Independent Director recently sold CA$2.8m worth of stock

Independent Director recently sold CA$5.0m worth of stock

First quarter 2026 earnings released: US$1.98 loss per share (vs US$1.30 loss in 1Q 2025)

Hut 8 Corp., Annual General Meeting, Jun 11, 2026

Hut 8 Corp. to Report Q1, 2026 Results on May 06, 2026

Full year 2025 earnings released: US$2.15 loss per share (vs US$3.71 profit in FY 2024)

Investor sentiment deteriorates as stock falls 16%

Hut 8 Corp. to Report Fiscal Year 2025 Results on Feb 25, 2026

Investor sentiment improves as stock rises 27%

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 30%

TransAlta Corporation (TSX:TA) entered into a definitive share purchase agreement to acquire Far North Power Corp. from Hut 8 Corp. (NasdaqGS:HUT) and Macquarie Equipment Finance Designated Activity Company for CAD 95 million.

Third quarter 2025 earnings released: EPS: US$0.47 (vs US$0.007 in 3Q 2024)

Investor sentiment improves as stock rises 33%

Hut 8 Corp. to Report Q3, 2025 Results on Nov 04, 2025

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 28%

Independent Director recently sold CA$366k worth of stock

Independent Director recently sold CA$366k worth of stock

Investor sentiment improves as stock rises 23%

Investor sentiment improves as stock rises 20%

Second quarter 2025 earnings released: EPS: US$1.32 (vs US$0.78 loss in 2Q 2024)

Hut 8 Corp. to Report Q2, 2025 Results on Aug 07, 2025

Hut 8 Corp.(NasdaqGS:HUT) dropped from Russell 3000E Index

First quarter 2025 earnings released: US$1.30 loss per share (vs US$2.90 profit in 1Q 2024)

Hut 8 Corp., Annual General Meeting, Jun 18, 2025

Investor sentiment improves as stock rises 15%

Hut 8 Corp. to Report Q1, 2025 Results on May 08, 2025

Investor sentiment deteriorates as stock falls 16%

New minor risk - Shareholder dilution

Full year 2024 earnings released: EPS: US$3.71 (vs US$0.47 in FY 2023)

Investor sentiment deteriorates as stock falls 19%

Hut 8 Corp. to Report Fiscal Year 2024 Results on Mar 03, 2025

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 17%

Hut 8 Corp. has filed a Follow-on Equity Offering in the amount of $500 million.

Investor sentiment improves as stock rises 17%

Third quarter 2024 earnings released

Investor sentiment improves as stock rises 20%

Hut 8 Corp. to Report Q3, 2024 Results on Nov 13, 2024

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 25%

Investor sentiment deteriorates as stock falls 20%

Second quarter 2024 earnings released: US$0.78 loss per share (vs US$0.039 loss in 2Q 2023)

Hut 8 Corp. Announces Chief Financial Officer Changes

Investor sentiment deteriorates as stock falls 22%

Investor sentiment improves as stock rises 31%

Hut 8 Corp. announced that it has received $150 million in funding from Coatue Management, L.L.C.

Hut 8 Corp.(TSX:HUT) dropped from S&P Global BMI Index

Investor sentiment improves as stock rises 20%