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DC Infra·HUT
Hut 8 Corp.
NASDAQ · US
Digital infrastructure operator with bitcoin mining roots and AI/HPC data center hosting initiatives.
AI relevance
Public AI infrastructure pivot using powered sites and hosting capacity for AI and high-performance compute customers.
Price
$66.44
Change
-3.02 (-4.35%)
Market cap
$8.2B
52w range
$32–$141
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
HUT market performance
Daily close for Hut 8 Corp.
- Latest close
- $66.44
- Range move
- +$14.52 (+28.0%)
- Range high
- $133.0
- Range low
- $33.76
- Latest volume
- 3.1M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
25 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus17 ratings
Strong buy
0
Buy
16
Hold
1
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $294.8M | $255.7M - $330.8M | $-4.60 | $-5.60 - $-3.64 | -$359.9M | -$486.8M | -$486.8M | $129.3M | 16 rev / 9 EPS |
| 2027-12-31 | $580.9M | $407.3M - $728.2M | $-3.93 | $-8.74 - $-1.58 | -$682.6M | -$873.6M | -$873.6M | $254.9M | 13 rev / 9 EPS |
| 2028-12-31 | $1.33B | $957.3M - $1.59B | $-1.06 | $-3.25 - $3.07 | $348.3M | -$9.5M | -$9.5M | $584.2M | 12 rev / 9 EPS |
| 2029-12-31 | $2.07B | $1.52B - $2.52B | $-0.55 | $-0.70 - $-0.36 | $547.3M | -$57.4M | -$57.4M | $907.5M | 10 rev / 3 EPS |
| 2030-12-31 | $3.44B | $2.52B - $4.19B | $1.68 | $1.10 - $2.16 | $1.21B | $198.3M | $177.0M | $1.51B | 6 rev / 3 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $80.9M | $60.7M - $108.3M | $-0.94 | $-1.29 - $-0.56 | -$68.4M | -$110.9M | -$110.9M | $35.5M | 12 rev / 4 EPS |
| 2027-03-30 | $78.5M | $33.4M - $109.0M | $-1.16 | $-1.74 - $-0.29 | -$93.5M | -$137.0M | -$137.0M | $34.4M | 6 rev / 1 EPS |
| 2027-06-30 | $97.6M | $41.6M - $135.6M | $-1.37 | $-2.06 - $-0.35 | -$117.0M | -$162.0M | -$162.0M | $42.8M | 6 rev / 1 EPS |
| 2027-09-30 | $165.8M | $70.6M - $230.3M | $-1.03 | $-1.56 - $-0.26 | -$73.3M | -$122.5M | -$122.5M | $72.7M | 6 rev / 1 EPS |
| 2027-12-30 | $235.5M | $100.4M - $327.1M | $-0.84 | $-1.26 - $-0.21 | -$43.4M | -$99.2M | -$99.2M | $103.3M | 6 rev / 1 EPS |
| 2028-03-30 | $291.3M | $124.2M - $404.6M | $-0.26 | $-0.40 - $-0.07 | $32.9M | -$31.2M | -$31.2M | $127.8M | 5 rev / 2 EPS |
| 2028-06-30 | $315.9M | $134.6M - $438.7M | $-0.05 | $-0.07 - $-0.01 | $67.2M | -$5.9M | -$5.9M | $138.6M | 5 rev / 2 EPS |
| 2028-09-30 | $370.0M | $157.7M - $513.9M | $0.16 | $0.04 - $0.24 | $104.5M | $20.7M | $18.5M | $162.3M | 5 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 3 | $168.67 |
| Last quarter | 8 | $157.25 |
| Last year | 29 | $129.66 |
| All time | 52 | $84.27 |
Sources: StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-20 | Piper Sandler | Maintain | Overweight | Overweight |
| 2026-10-16 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-10-12 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-10-07 | Canaccord Genuity | Maintain | Buy | Buy |
| 2026-08-06 | Piper Sandler | Maintain | Overweight | Overweight |
| 2026-08-06 | Keefe, Bruyette & Woods | Maintain | Outperform | Outperform |
| 2026-08-05 | Needham | Maintain | Buy | Buy |
| 2026-08-05 | Rosenblatt | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 6 | 16 | 1 | 0 | 0 |
| 2026-09-01 | 6 | 15 | 1 | 0 | 0 |
| 2026-08-01 | 6 | 12 | 0 | 0 | 0 |
| 2026-07-01 | 6 | 12 | 0 | 0 | 0 |
| 2026-06-01 | 5 | 12 | 0 | 0 | 0 |
| 2026-05-01 | 5 | 11 | 0 | 0 | 0 |
| 2026-04-01 | 5 | 11 | 0 | 0 | 0 |
| 2026-03-01 | 5 | 11 | 0 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $235.1M | $127.3M | 54.2% | $0 | -$220.0M | -$220.1M | -$248.0M | $-2.14 |
| FY 2024 | $162.4M | $75.7M | 46.6% | $0 | $460.5M | $531.1M | $331.9M | $3.71 |
| FY 2023 | $72.3M | $31.5M | 43.6% | $0 | $7.1M | $46.1M | $16.5M | $0.46 |
| FY 2022 | $65.5M | $32.9M | 50.3% | $0 | -$51.9M | $43.3M | -$49.5M | $-4.97 |
| FY 2021 | $79.2M | $53.4M | 67.4% | $0 | -$25.5M | $3.2M | -$31.8M | $-1.53 |
| FY 2020 | $9.1M | -$21.1M | -232.4% | $0 | -$23.3M | $14.4M | -$19.3M | $-1.03 |
| FY 2019 | $82.0M | $2.1M | 2.6% | $0 | $6.0M | $30.4M | $2.1M | $0.12 |
| FY 2018 | $49.4M | -$23.5M | -47.5% | $0 | -$48.1M | -$1.1M | -$136.8M | $-8.11 |
| FY 2017 | $6.7M | $6.0M | 88.3% | $0 | $1.4M | $2.3M | $567,072 | $49.88 |
| FY 2016 | $0 | $0 | -- | $0 | -$104,111 | -$104,111 | -$105,959 | $-9.32 |
| FY 2015 | $0 | $0 | -- | $0 | -$102,835.4 | -$105,438 | -$105,438 | $-9.27 |
| FY 2014 | $0 | $0 | -- | $0 | -$57,107 | -$32,107 | -$82,107 | $-7.22 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$139.2M | $216.9M | -$787.3M |
| FY 2024 | -$68.5M | $163.6M | -$333.1M |
| FY 2023 | -$19.6M | $604,000 | -$27.3M |
| FY 2022 | -$79.3M | $54.9M | -$134.2M |
| FY 2021 | -$80.2M | $86.4M | -$166.7M |
| FY 2020 | -$1.3M | $5.8M | -$7.1M |
| FY 2019 | $14.5M | $9.2M | $5.3M |
| FY 2018 | -$6.8M | $84.4M | -$91.1M |
| FY 2017 | $49.2M | $52.6M | -$3.4M |
| FY 2016 | -$42,592 | $0 | -$42,592 |
| FY 2015 | -$67,443 | $0 | -$67,443 |
| FY 2014 | -$118,630 | $0 | -$118,630 |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $44.9M | $31.1M | $0 | $661.7M | $2.75B | $429.3M | $384.4M | $1.06B | $1.42B |
| FY 2024 | $85.0M | $8.1M | $0 | $242.3M | $1.52B | $345.6M | $260.6M | $538.3M | $976.7M |
| FY 2023 | $47.4M | $4.4M | $0 | $174.9M | $976.9M | $203.3M | $227.9M | $333.9M | $643.0M |
| FY 2022 | $23.0M | $1.2M | $7.5M | $94.3M | $311.7M | $35.8M | $12.8M | $41.9M | $269.8M |
| FY 2021 | $140.1M | $647,428 | $3.4M | $206.9M | $720.7M | $40.7M | -$99.4M | $154.7M | $566.0M |
| FY 2020 | $9.7M | $0 | $0 | $7.4M | $43.2M | $4.6M | -$2.1M | $6.4M | $36.7M |
| FY 2019 | $2.9M | $943,438 | $321,189 | $34.4M | $71.2M | $26.0M | $23.1M | $28.5M | $42.7M |
| FY 2018 | $3.6M | $0 | $0 | $58.1M | $82.9M | $32.4M | $28.8M | $50.2M | $32.7M |
| FY 2017 | $259,519 | $3,275 | $0 | $0 | $262,794 | $0 | -$259,519 | $253,068 | $9,726 |
| FY 2016 | $286,252 | $5,343 | $0 | $0 | $291,595 | $0 | -$286,252 | $223,842 | $67,753 |
| FY 2015 | $328,844 | $6,695 | $0 | $0 | $335,539 | $0 | -$328,844 | $161,827 | $173,712 |
| FY 2014 | $396,287 | $14,302 | $0 | $0 | $410,589 | $0 | -$396,287 | $131,439 | $279,150 |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 54.2% | -93.6% | -105.5% | 1.1x | 1.1x | -17.4% | -7.1% | 22.2x | -23.7x | -16.3% | 0.0% | 48d |
| FY 2024 | 46.6% | 283.6% | 204.4% | 1.7x | 1.7x | 34.0% | 24.0% | 13.1x | 4.0x | -17.8% | 0.0% | -29d |
| FY 2023 | 43.6% | 9.8% | 22.7% | 0.7x | 0.7x | 2.6% | 0.7% | 8.8x | 13.8x | -5.8% | 0.0% | -154d |
| FY 2022 | 50.3% | -79.2% | -75.6% | 8.2x | 7.8x | -18.4% | -16.9% | 9.7x | 14.6x | -21.7% | 0.0% | 40d |
| FY 2021 | 67.4% | -32.2% | -40.2% | 18.0x | 17.8x | -5.6% | -3.6% | 1.6x | 41.3x | -72.6% | 0.0% | -50d |
| FY 2020 | -232.4% | -257.0% | -212.6% | 1.6x | 1.6x | -52.6% | -22.4% | 36.0x | 22.8x | -2.2% | 0.0% | -9d |
| FY 2019 | 2.6% | 7.3% | 2.6% | 1.7x | 1.6x | 5.0% | 8.7% | 1.4x | 3.8x | 5.8% | 0.0% | 3d |
| FY 2018 | -47.5% | -97.4% | -276.6% | 0.2x | 0.2x | -418.8% | -74.0% | 3.0x | -132.0x | -75.7% | 0.0% | -9d |
| FY 2017 | 88.3% | 20.4% | 8.4% | 1.0x | 1.0x | 5830.5% | 11923.4% | -0.0x | -0.0x | -1323.6% | 0.0% | 0d |
| FY 2016 | 0.0% | 0.0% | 0.0% | 1.3x | 1.3x | -156.4% | -153.7% | 0.0x | 0.2x | -16.1% | 0.0% | 0d |
| FY 2015 | 0.0% | 0.0% | 0.0% | 2.1x | 2.1x | -60.7% | -59.2% | 0.0x | 0.6x | -25.5% | 0.0% | 0d |
| FY 2014 | 0.0% | 0.0% | 0.0% | 3.1x | 3.1x | -29.4% | -20.5% | 0.0x | 4.4x | -46.4% | 0.0% | 0d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +44.8% | +68.2% | 0.0% | -147.8% | -174.7% | -157.7% | -136.3% | -144.9% | -47.2% | 0.0% | +81.3% | +24.2% |
| FY 2024 | +124.6% | +140.3% | 0.0% | +6409.9% | +1917.3% | +706.5% | -1120.4% | -32357.4% | +79.6% | 0.0% | +55.5% | +70.0% |
| FY 2023 | +10.4% | -4.3% | 0.0% | +113.6% | +133.2% | +109.3% | +79.7% | +98.5% | +105.6% | -100.0% | +213.4% | +468.0% |
| FY 2022 | -17.3% | -38.3% | 0.0% | -103.3% | -55.7% | -224.8% | +19.5% | +36.5% | -83.6% | +122.3% | -56.7% | -12.0% |
| FY 2021 | +772.2% | +353.1% | 0.0% | -9.3% | -64.7% | -48.5% | -2246.5% | -1387.4% | +1339.3% | 0.0% | +1569.7% | +785.0% |
| FY 2020 | -88.9% | -1090.1% | 0.0% | -490.3% | -1006.1% | -958.3% | -234.7% | +37.1% | +230.5% | -100.0% | -39.4% | -82.3% |
| FY 2019 | +65.8% | +109.1% | 0.0% | +112.4% | +101.6% | +101.5% | +105.8% | +89.1% | -17.2% | 0.0% | -14.1% | -19.6% |
| FY 2018 | +633.6% | -494.6% | 0.0% | -3595.1% | -24217.8% | -116.3% | -2576.2% | -60.2% | +1270.4% | 0.0% | +31443.9% | 0.0% |
| FY 2017 | 0.0% | 0.0% | 0.0% | +1423.2% | +635.2% | +635.2% | -7895.5% | 0.0% | -9.3% | 0.0% | -9.9% | 0.0% |
| FY 2016 | 0.0% | 0.0% | 0.0% | -1.2% | -0.5% | -0.5% | +36.8% | 0.0% | -13.0% | 0.0% | -13.1% | 0.0% |
| FY 2015 | 0.0% | 0.0% | 0.0% | -80.1% | -28.4% | -28.4% | +43.1% | 0.0% | -17.0% | 0.0% | -18.3% | 0.0% |
| FY 2014 | 0.0% | 0.0% | 0.0% | +74.6% | +63.5% | +63.6% | -103.2% | 0.0% | -29.5% | 0.0% | -27.5% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $235.1M
High Performance Computing, Colocation And Cloud$202.3M · 86.1%
Power$23.2M · 9.9%
Digital Infrastructure$9.6M · 4.1%
Latest geography mixFY 2025 · $235.1M
UNITED STATES$202.6M · 86.2%
CANADA$32.5M · 13.8%
Product revenue annual
| Period | Total | Digital assets mined | High Performance Computing, Colocation And Cloud | Power | Digital Infrastructure | Hosting fees | Service, Other |
|---|---|---|---|---|---|---|---|
| FY 2025 | $235.1M | -- | $202.3M | $23.2M | $9.6M | -- | -- |
| FY 2024 | $171.4M | -- | $80.7M | $56.6M | $25.5M | -- | $8.5M |
| FY 2022 | $133.8M | $133.0M | -- | -- | -- | $751,000 | -- |
| FY 2021 | $173.8M | $165.4M | -- | -- | -- | $8.4M | -- |
Geography revenue annual
| Period | Total | UNITED STATES | CANADA |
|---|---|---|---|
| FY 2025 | $235.1M | $202.6M | $32.5M |
| FY 2024 | $162.4M | $111.0M | $51.4M |
Transcripts25 on file
Transcripts
Events
Events
Next earnings
2026-11-04EPS est $-0.72
Latest news
- Hut 8 (HUT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research · 2026-10-28
- Hut 8: Positioned For A Bounce Back After The Neocloud Sell-Off
Seeking Alpha · 2026-10-28