Hut 8 (HUT) Stock Price, News & Analysis

Company Overview

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also 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 for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.

Key Stats

• Today's Range: C$15.91 to C$16.67
• 50-Day Range: C$12.21 to C$20.52
• 52-Week Range: C$8.35 to C$28.87
• Volume: 1.45 million shs
• Average Volume: 1.39 million shs
• Market Capitalization: C$1.49 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Strong Buy

HUT Stock Analysis - Frequently Asked Questions

How have HUT shares performed this year?

Hut 8's stock was trading at C$17.68 on January 1st, 2024. Since then, HUT shares have decreased by 7.7% and is now trading at C$16.31.
View the best growth stocks for 2024 here.

How were Hut 8's earnings last quarter?

Hut 8 Corp. (TSE:HUT) released its quarterly earnings data on Tuesday, August, 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.14. The company earned $48.18 million during the quarter, compared to the consensus estimate of $52.06 million. Hut 8 had a net margin of 102.21% and a negative trailing twelve-month return on equity of 122.68%.

How do I buy shares of Hut 8?

Shares of HUT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/13/2024
• Today: 10/06/2024
• Next Earnings (Estimated): 11/12/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Capital Markets
• Sub-Industry: Banking
• Current Symbol: TSE:HUT
• CUSIP: N/A
• CIK: N/A
• Web: www.hut8mining.com
• Phone: 647 256 1992
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): C($1.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 29.09
• P/E Growth: N/A
• Net Income: C$185.15 million
• Net Margins: 102.21%
• Pretax Margin: N/A
• Return on Equity: -122.68%
• Return on Assets: -4.25%

Debt

• Debt-to-Equity Ratio: 55.19
• Current Ratio: 1.67
• Quick Ratio: 1.26

Sales & Book Value

• Annual Sales: C$171.99 million
• Price / Sales: 8.64
• Cash Flow: C$2.08 per share
• Price / Cash Flow: 7.86
• Book Value: C$7.26 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 91,080,000
• Free Float: N/A
• Market Cap: C$1.49 billion
• Optionable: Not Optionable
• Beta: 3.45