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Hut 8 Mining Corp. (HUT) Stock Forecast & Price Prediction

Live HUT Stock Price & Analysis

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$21.10

+0.28 (1.34%)

12 Month Price Forecast For HUT

$21.10
Current Price
$1.95B
Market Cap
9 Ratings
Buy 9
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to HUT Price Forecasts

+94.3%
To High Target of $41.00
+65.9%
To Median Target of $35.00
+42.2%
To Low Target of $30.00

HUT Price Momentum

-2.7%
1 Week Change
-10.2%
1 Month Change
+182.5%
1 Year Change
+3.0%
Year-to-Date Change
-34.0%
From 52W High of $31.95
+232.8%
From 52W Low of $6.34

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 7, 2025 10:06 PM UTC

HUT Analyst Ratings & Price Targets

Based on our analysis of 9 Wall Street analysts, HUT has a consensus that is bullish. The median price target is $35.00, with forecasts ranging from $30.00 to $41.00. Currently, there are 9 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With HUT currently trading at $21.10, the median price forecast suggests a 65.9% upside. The most optimistic forecast comes from Mark Palmer at Benchmark, projecting a 94.3% upside, while at provides the most conservative target, suggesting a 42.2% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HUT Analyst Consensus

9
Buy
0
Hold
0
Sell

HUT Price Target Range

Low
$30.00
Average
$35.00
High
$41.00
Current: $21.10

Latest HUT Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HUT.

Date Firm Analyst Rating Change Price Target
Jan 13, 2025 Needham John Todaro Buy Reiterates $38.00
Jan 7, 2025 Benchmark Mark Palmer Buy Reiterates $41.00
Jan 7, 2025 Cantor Fitzgerald Brett Knoblauch Overweight Reiterates $35.00
Dec 17, 2024 Needham Buy Maintains $0.00
Dec 17, 2024 Piper Sandler Overweight Initiates $0.00
Dec 12, 2024 Jones Trading Buy Initiates $0.00
Dec 12, 2024 Cantor Fitzgerald Overweight Reiterates $0.00
Dec 9, 2024 Cantor Fitzgerald Overweight Initiates $0.00
Nov 14, 2024 HC Wainwright & Co. Mike Colonnese Buy Maintains $35.00
Nov 14, 2024 Craig-Hallum George Sutton Buy Maintains $32.00
Nov 14, 2024 Canaccord Genuity Joseph Vafi Buy Maintains $32.00
Nov 14, 2024 Benchmark Mark Palmer Buy Maintains $32.00
Nov 14, 2024 Needham John Todaro Buy Maintains $32.00
Oct 7, 2024 Benchmark Mark Palmer Buy Reiterates $17.00
Oct 2, 2024 Craig-Hallum George Sutton Buy Maintains $15.00
Sep 24, 2024 Needham John Todaro Buy Maintains $16.50
Sep 20, 2024 HC Wainwright & Co. Mike Colonnese Buy Reiterates $13.50
Aug 23, 2024 Needham John Todaro Buy Reiterates $15.00
Aug 21, 2024 Canaccord Genuity Joseph Vafi Buy Maintains $22.00
Aug 14, 2024 Needham John Todaro Buy Reiterates $15.00

Stocks Similar to Hut 8 Mining Corp.

The following stocks are similar to Hut 8 based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Hut 8 Mining Corp. (HUT) Financial Data

Hut 8 Mining Corp. has a market capitalization of $1.95B with a P/E ratio of -28.2x. The company generates $194.02M in trailing twelve-month revenue with a 93.2% profit margin.

Revenue growth is +101.5% quarter-over-quarter, while maintaining an operating margin of -4.6% and return on equity of -239.7%.

Valuation Metrics

Market Cap $1.95B
Enterprise Value $2.11B
P/E Ratio -28.2x
PEG Ratio -260.3x
Price/Sales 10.1x

Growth & Margins

Revenue Growth (YoY) +101.5%
Gross Margin +58.4%
Operating Margin -4.6%
Net Margin +93.2%
EPS Growth +95.9%

Financial Health

Cash/Price Ratio +5.3%
Current Ratio 1.0x
Debt/Equity 48.3x
ROE -239.7%
ROA -34.5%

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Hut 8 Mining Corp. logo

Hut 8 Mining Corp. (HUT) Company Overview

About Hut 8 Mining Corp.

What They Do

Operates Bitcoin mining and energy infrastructure services.

Business Model

The company generates revenue through its four segments: Digital Assets Mining by mining Bitcoin, Managed Services by offering energy infrastructure development and operational support, High Performance Computing through colocation and cloud services, and Other services including equipment sales and maintenance. This diversified approach allows Hut 8 to capitalize on both cryptocurrency mining and energy management.

Additional Information

Founded in 2017 and based in Miami, Florida, Hut 8 Corp. is positioned in the growing cryptocurrency sector, leveraging energy infrastructure expertise to enhance operational efficiency. Its focus on managed services and cloud solutions provides additional revenue streams and resilience against market volatility.

Company Information

Sector

Financial Services

Industry

Capital Markets

Employees

219

CEO

Mr. Asher Kevin Genoot

Country

United States

IPO Year

2018

Website

hut8.com

Hut 8 Mining Corp. (HUT) Latest News & Analysis

HUT stock latest news image
Quick Summary

Hut 8 Corp. reports nearing completion of infrastructure upgrades for miner deliveries, with the 205 MW Vega project on track for Q2 2025 energization, enhancing its mining capacity.

Why It Matters

Hut 8's infrastructure upgrades and upcoming miner deliveries position the company for increased operational capacity and potential revenue growth, impacting its stock performance positively.

Source: GlobeNewsWire
Market Sentiment: Neutral
HUT stock latest news image
Quick Summary

Hut 8 Corp. is leveraging AI solutions and increasing Bitcoin reserves, but faces challenges from market volatility and regulatory risks.

Why It Matters

Hut 8's AI advancements and Bitcoin reserves could enhance growth, but market volatility and regulatory risks may impact performance and investor confidence.

Source: Zacks Investment Research
Market Sentiment: Neutral
HUT stock latest news image
Quick Summary

Brett Knoblauch of Cantor Fitzgerald discussed the energy requirements for AI related to the Stargate deal and identified potential winners from this development on 'Power Lunch.'

Why It Matters

The discussion highlights the intersection of AI and energy consumption, signaling potential investment opportunities in tech and energy sectors linked to digital assets and emerging technologies.

Source: CNBC Television
Market Sentiment: Positive
HUT stock latest news image
Quick Summary

Needham analyst John Todaro reiterated a Buy rating on Hut 8 Corp (HUT) with a maintained price target of $38.00.

Why It Matters

Needham's Buy rating and $38 price target for Hut 8 Corp signal confidence in the company's growth potential, influencing investor sentiment and stock demand.

Source: Benzinga
Market Sentiment: Positive
HUT stock latest news image
Quick Summary

Crypto ETFs surged with Bitcoin reaching $108,000 in December but have since declined as Bitcoin approaches $90,000, prompting concerns about potential ETF sell-offs.

Why It Matters

The decline in Bitcoin and rising ETF outflows signal potential market instability, impacting investor sentiment and strategies in crypto assets.

Source: Investors Business Daily
Market Sentiment: Negative
HUT stock latest news image
Quick Summary

Hut 8 Corp. plans to begin miner shipments in January 2025, aiming for fleet efficiency of 19.9 J/TH. The Vega project is on track for energization by Q2 2025.

Why It Matters

Hut 8's operational updates indicate improved efficiency and timely project advancements, which can enhance profitability and investor confidence in its growth potential.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About HUT Stock

What is Hut 8 Mining Corp.'s (HUT) stock forecast for 2025?

Based on our analysis of 9 Wall Street analysts, Hut 8 Mining Corp. (HUT) has a median price target of $35.00. The highest price target is $41.00 and the lowest is $30.00.

Is HUT stock a good investment in 2025?

According to current analyst ratings, HUT has 9 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $21.10. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HUT stock?

Wall Street analysts predict HUT stock could reach $35.00 in the next 12 months. This represents a 65.9% increase from the current price of $21.10. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Hut 8 Mining Corp.'s business model?

The company generates revenue through its four segments: Digital Assets Mining by mining Bitcoin, Managed Services by offering energy infrastructure development and operational support, High Performance Computing through colocation and cloud services, and Other services including equipment sales and maintenance. This diversified approach allows Hut 8 to capitalize on both cryptocurrency mining and energy management.

What is the highest forecasted price for HUT Hut 8 Mining Corp.?

The highest price target for HUT is $41.00 from Mark Palmer at Benchmark, which represents a 94.3% increase from the current price of $21.10.

What is the lowest forecasted price for HUT Hut 8 Mining Corp.?

The lowest price target for HUT is $30.00 from at , which represents a 42.2% increase from the current price of $21.10.

What is the overall HUT consensus from analysts for Hut 8 Mining Corp.?

The overall analyst consensus for HUT is bullish. Out of 9 Wall Street analysts, 9 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $35.00.

How accurate are HUT stock price projections?

Stock price projections, including those for Hut 8 Mining Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.