Hut 8 Corp
Hut 8 Corp operates in the Metals & Mining industry within the Basic Materials sector, generating revenue through mining activities.
Business. HUT.O operates in the Blockchain & Cryptocurrency industry within the broader Financial Technology (Fintech) & Infrastructure sector. The company generates revenue primarily through a fee-income model. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Analyst recommendations
15 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
HUT.O operates in the Blockchain & Cryptocurrency industry within the broader Financial Technology (Fintech) & Infrastructure sector. The company generates revenue primarily through a fee-income model. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Hut 8 Corp maintains a debt-free capital structure with a debt-to-equity ratio of 0.0, supported by total equity of $1.42 billion against total liabilities of $1.06 billion. The company holds $44.9 million in cash and equivalents, resulting in a low liquidity risk assessment. The market capitalization stands at $13.14 billion, implying a price-to-book ratio of 7.78 and an enterprise value-to-revenue multiple of 46.07.
Profitability metrics are currently negative, with a return on equity of -21.95% and a return on assets of -11.33%. The company reported an operating income of -$322.0 million and a net income of -$226.1 million on revenues of $235.1 million. The negative EV/EBITDA of -25.59 reflects the current loss-making status, contrasting with the high valuation multiples derived from market price.
Segment and geographic revenue concentration data is not provided in the available input, preventing a detailed analysis of revenue mix or regional exposure. The company's activity is broadly classified as Metals & Mining, but specific product or customer breakdowns are absent from the disclosed segments.
Growth trajectory analysis is limited by the absence of historical period data in the input. The current financial snapshot shows a significant operating loss relative to revenue, indicating a period of negative earnings performance, but year-over-year revenue trends cannot be quantified without historical data.
Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The company has 110.1 million basic and diluted shares outstanding, with no evidence of recent share issuance pressure in the provided data.
Recent IR observations show strong analyst sentiment, with a mean recommendation of 1.88 (where 1 is strong buy) and a mean price target of $110.12. The median price target is $120.00, with a high estimate of $226.00 and a low of $32.00, reflecting a wide dispersion in analyst expectations.
- Hut 8 Corp is debt-free with a debt-to-equity ratio of 0.0, providing a strong balance sheet foundation despite current operating losses.
- The company trades at a high price-to-book multiple of 7.78 and EV/Revenue of 46.07, suggesting the market prices in significant future growth or asset revaluation.
- Current profitability is negative, with ROE at -21.95% and net income of -$226.1 million, driven by operating losses exceeding revenue.
- Analyst sentiment is bullish, with a mean recommendation of 1.88 and a median price target of $120.00, indicating expected upside from the current market price of $119.39.
- Dilution risk is assessed as low, with no immediate flags for share issuance detected in the risk assessment.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue $71.0M, +225,5% YoY; Operating income −99,3% YoY.
- ▍Revenue $71.0M, +225,5% YoY
- ▍Operating income −99,3% YoY
- ▍Net income −64,2% YoY
- ▍Free cash flow −46,0% YoY
- ▍Net margin -309.6%
Revenue $88.5M, +179,2% YoY; Operating income −252,5% YoY.
- ▍Revenue $88.5M, +179,2% YoY
- ▍Operating income −252,5% YoY
- ▍Net income −283,7% YoY
- ▍Free cash flow −489,7% YoY
- ▍Net margin -316.0%
Revenue $83.5M, +91,0% YoY; Operating income +1 547,0% YoY.
- ▍Revenue $83.5M, +91,0% YoY
- ▍Operating income +1 547,0% YoY
- ▍Net income +7 644,8% YoY
- ▍Free cash flow +139,8% YoY
- ▍Net margin 60.0%
Revenue $41.3M, +17,3% YoY; Operating income +316,5% YoY.
- ▍Revenue $41.3M, +17,3% YoY
- ▍Operating income +316,5% YoY
- ▍Net income +291,1% YoY
- ▍Free cash flow +278,6% YoY
- ▍Net margin 332.5%
Revenue $21.8M; Operating income -$169.3M.
- ▍Revenue $21.8M
- ▍Operating income -$169.3M
- ▍Net margin -613.7%
Revenue $31.7M; Operating income $285.0M.
- ▍Revenue $31.7M
- ▍Operating income $285.0M
- ▍Net margin 480.3%
Revenue $43.7M; Operating income $4.4M.
- ▍Revenue $43.7M
- ▍Operating income $4.4M
- ▍Net margin 1.5%
Revenue $35.2M; Operating income -$86.7M.
- ▍Revenue $35.2M
- ▍Operating income -$86.7M
- ▍Net margin -204.1%
Revenue $235.1M, +44,8% YoY; Operating income −173,2% YoY.
- ▍Revenue $235.1M, +44,8% YoY
- ▍Operating income −173,2% YoY
- ▍Net income −168,1% YoY
- ▍Free cash flow −336,9% YoY
- ▍Net margin -96.2%
Revenue $162.4M, +167,9% YoY; Operating income +4 452,2% YoY.
- ▍Revenue $162.4M, +167,9% YoY
- ▍Operating income +4 452,2% YoY
- ▍Net income +5 246,0% YoY
- ▍Net margin 204.4%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -2,77 |
| Revenue | —no estimate | —no estimate | 318,9M USD |
| Operating income | —no estimate | —no estimate | -454,3M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Restricted Stock Units → Common StockAcquired 4 595grant · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 15 947exercise · 2026-06-11
- Director · Stock Options (Right to Buy) → Common StockDisposed 23 000exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 15 478exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockAcquired 4 863grant · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 14 775exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockAcquired 4 372grant · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 16 416exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockAcquired 4 773grant · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 15 713exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockAcquired 4 327grant · 2026-06-11
- Director · Restricted Stock Units → Common StockDisposed 15 713exercise · 2026-06-11
- Director · Restricted Stock Units → Common StockAcquired 4 550grant · 2026-06-11
- Chief Legal Officer · Restricted Stock Units → Common StockAcquired 27 229grant · 2026-06-11
- Chief Financial Officer · Restricted Stock Units → Common StockAcquired 27 229grant · 2026-06-11
- Chief Legal Officer · Restricted Stock Units → Common StockDisposed 27 100exercise · 2026-05-01
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 10 398exercise · 2026-03-07
- Chief Legal Officer · Restricted Stock Units → Common StockDisposed 14 556exercise · 2026-03-07
- Director, Chief Strategy Officer · Performance Stock Units → Common StockAcquired 505 789grant · 2025-11-02
- Director, Chief Executive Officer · Restricted Stock Units → Common StockAcquired 2 339 272grant · 2025-11-02
- Director, Chief Executive Officer · Performance Stock Units → Common StockAcquired 505 789grant · 2025-11-02
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 12 355exercise · 2025-08-21
- Director · Restricted Stock Units → Common StockAcquired 14 775grant · 2025-08-06
- Director · Restricted Stock Units → Common StockAcquired 15 947grant · 2025-08-06
- Director · Restricted Stock Units → Common StockAcquired 15 713grant · 2025-08-06
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Enterprise Valuemarket_cap - net_cash
- Return On Assetsnet_income / total_assets
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Capex To Revenuecapital_expenditure / revenue
- Hut 8 Corp. Market data — financials · 2026-07-07
- Hut 8 Corp Market data — analyst estimates · 2026-07-07
- Hut 8 Corp Market data — ESG · 2026-07-07
- Hut 8 Corp HA canonical relationships · 2026-07-07
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,06 %$0M
- Institutional Investor · as of 2026-03-310,03 %$137M
- Investment Managers · as of 2026-03-310,01 %$72M
- Investment Managers · as of 2026-03-310,01 %$139M
- Investment Managers · as of 2026-03-310,01 %$61M
- Investment Managers · as of 2026-03-310,01 %$47M
- Investment Managers · as of 2025-12-310,01 %$367M
- Investment Managers · as of 2026-03-310,00 %$37M
- Funds · as of 2026-03-310,00 %$29M
- Investment Managers · as of 2026-03-310,00 %$23M
- Investment Managers · as of 2026-03-310,00 %$119M
- Institutional Investor · as of 2026-03-310,00 %$16M
- Investment Managers · as of 2026-03-310,00 %$49M
- Investment Managers · as of 2024-06-300,00 %$94M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2024-12-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Brokerage Firms · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Chief Legal Officer · Common StockSold 10 000 @ $125,00$1,2M · 2026-06-17
- Director · Common StockSold 914 @ $116,80$107K · 2026-06-12
- Director · Common StockSold 4 449 @ $117,69$524K · 2026-06-12
- Director · Common StockSold 2 348 @ $118,76$279K · 2026-06-12
- Director · Common StockSold 8 @ $119,44$956 · 2026-06-12
- Director · Common StockOther 14 775 · 2026-06-11
- Director · Common Stock, par value $0.01 per shareOther 16 416 · 2026-06-11
- Director · Common StockOther 15 713 · 2026-06-11
- Director · Common StockOther 15 947 · 2026-06-11
- Director · Common StockOther 15 713 · 2026-06-11
- Director · Common StockOther 23 000 · 2026-06-11
- Director · Common StockSold 23 000 @ $115,94$2,7M · 2026-06-11
- Director · Common StockSold 7 500 @ $117,04$878K · 2026-06-11
- Director · Common StockOther 15 478 · 2026-06-11
- Director · Common StockSold 20 000 @ $100,78$2,0M · 2026-05-21
- Director · Common StockSold 17 491 @ $110,00$1,9M · 2026-05-13
- Director · Common StockSold 16 496 @ $105,00$1,7M · 2026-05-11
- Chief Legal Officer · Common StockSold 10 518 @ $76,83$808K · 2026-05-04
- Chief Legal Officer · Common StockOther 27 100 · 2026-05-01
- Chief Legal Officer · Common StockSold 5 498 @ $49,05$270K · 2026-03-10
- Chief Financial Officer · Common StockSold 4 625 @ $49,05$227K · 2026-03-10
- Chief Financial Officer · Common StockOther 10 398 · 2026-03-07
- Chief Legal Officer · Common StockOther 14 556 · 2026-03-07
- Director · Common StockSold 8 500 @ $26,55$226K · 2025-08-28
- Director · Common StockSold 1 500 @ $26,63$40K · 2025-08-27
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 45.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 97.7%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 81.3%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -103.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -169.9%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 44.8%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -47.2%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 24.4%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -157.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -162.9%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -174.8%Derived (calculated)
- Net margin (FY 2025-12-31): -105.5%Derived (calculated)
- Return on equity (FY 2025-12-31): -17.4%Derived (calculated)
- Return on assets (FY 2025-12-31): -9.0%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.09xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.75xDerived (calculated)
- Shareholders' equity (annual): USD 1.42BSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -2SEC XBRL filing
- Cost of revenue (annual): USD 107.77MSEC XBRL filing
- Net income (annual): USD -248MSEC XBRL filing
- Revenue (annual): USD 235.12MSEC XBRL filing
- Cash & equivalents (annual): USD 44.91MSEC XBRL filing
- Current liabilities (annual): USD 375.58MSEC XBRL filing
- Pre-tax income (annual): USD -299.83MSEC XBRL filing