Hut 8 Mining Corp. (HUT)
$
11.62
-0.10 (-0.86%)
Key metrics
Financial statements
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America, focusing on industrial-scale bitcoin mining operations. The financial data pertains to the fiscal year 2023. The company recorded a net income of $16,450,827.00 reflecting its profitability, while also achieving an operating income of -$13,259,320.00 which highlights its earnings from core operations. The weighted average number of shares outstanding is 51,268,013.00 showcasing the company's shareholder base. Additionally, the weighted average number of diluted shares outstanding is 55,272,610.00 reflecting potential dilution effects. Hut 8 Mining Corp. owns and operates 38 BlockBoxes in Drumheller, Alberta, and 51 BlockBoxes in Medicine Hat, Alberta. Incorporated in 2011, the company is headquartered in Toronto, Canada. The stock is affordable at $12.03 suitable for budget-conscious investors looking to enter the market. With a high average trading volume of 4,750,670.00 the stock indicates strong liquidity, making it accessible for trading. Hut 8 Mining Corp. has a mid-range market capitalization of $1,206,806,720.00 positioning the company as a steady performer in the cryptocurrency sector. As it continues to innovate, Hut 8 is a key player in the Financial - Capital Markets industry, contributing significantly to the overall market landscape. Moreover, it belongs to the Financial Services sector, driving innovation and growth in the evolving cryptocurrency market.
Is Hut 8 Mining Corp. (HUT) a good investment?
Investing in Hut 8 Mining Corp. (HUT) depends on multiple factors, including revenue growth, profit margins, debt-to-equity ratio, earnings per share, and return on equity. Analysts have rated it as B+, with a Bullish outlook. Always conduct your own research before investing.
What is Hut 8 Mining Corp. (HUT)'s stock forecast?
Analysts predict Hut 8 Mining Corp. stock to fluctuate between $6.95 (low) and $31.95 (high) in the next 365 days, reflecting market expectations and potential volatility.
What is Hut 8 Mining Corp.'s market capitalization?
As of 2025-04-02, Hut 8 Mining Corp.'s market cap is $1,206,806,720, based on 103,856,000 outstanding shares.
How does Hut 8 Mining Corp. compare to competitors like Meta Platforms, Inc. Class A Common Stock?
Compared to Meta Platforms, Inc. Class A Common Stock, Hut 8 Mining Corp. has a Lower Market-Cap, indicating a difference in performance.
How can I buy Hut 8 Mining Corp. (HUT) stock?
To buy Hut 8 Mining Corp. (HUT) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for HUT. Place an order (Market, Limit, etc.).
What is the best time to invest in Hut 8 Mining Corp.?
The best time to invest depends on market trends and technical indicators, which show a Bullish trend based on economic conditions and company performance.
Has Hut 8 Mining Corp. stock ever split?
Hut 8 Mining Corp.'s last stock split was 1:5 on 2023-12-04.
How did Hut 8 Mining Corp. perform in the last earnings report?
Revenue: $81,797,778 | EPS: $0.16 | Growth: -102.53%.
Where can I find Hut 8 Mining Corp.'s investor relations reports?
Visit https://hut8mining.com/investor-relations for detailed financial reports.
Where can I find historical stock prices for Hut 8 Mining Corp.?
You can explore historical data from here
What is the all-time high and low for Hut 8 Mining Corp. stock?
All-time high: $82.85 (2021-11-09) | All-time low: $3.90 (2022-12-27).
What are the key trends affecting Hut 8 Mining Corp. stock?
Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.
News
globenewswire.com
American Bitcoin Highlights American Bitcoin aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve Path to 50+ EH/s at average fleet efficiency of
prnewswire.com
Spot Debuts Alongside Latest Culinary Innovation with Signature Pizza Hut Flavors Designed to Dip and Dunk Just in Time for March Madness® PLANO, Texas , March 26, 2025 /PRNewswire/ -- Some people bring the party. Others bring the pizza.
seekingalpha.com
Four months ago, I recommended holding off on Hut 8 due to its inflated valuation despite a decent Q3 report. More recently, HUT 8 was able to grow total revenue by 69% for the full year 2024. Gross margins improved, but the company still lost money during the year. The reported $338 million in positive net income for 2024 was entirely due to a $509 million unrealized gain in the company's Bitcoin holdings.
globenewswire.com
Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million. Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of $31.63, a 30% decrease from the fourth quarter of 2023.
zacks.com
HUT's fourth-quarter results are expected to benefit from cost optimizations, AI-driven GPU services, and data center expansion, despite Bitcoin volatility risks.
globenewswire.com
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced it will release financial results for the full year of 2024 before the market opens on March 3, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m.
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