Hut 8 Corp. (HUT)

Hut 8 Corp. stock has seen a 179.03% increase over the past six months, but a 12.91% decrease in the past month as of November 28, 2025. In Q3 2025, Hut 8 reported revenue of $83.5 million, a 91% increase year-over-year, with a net income of $50.6 million and adjusted EBITDA of $109 million. In Q2 2025, the company reported revenue of $41.3 million and a net income of $137.5 million, including gains on digital assets of $217.6 million. In Q1 2025, Hut 8 reported a net loss of $134.3 million, attributed to significant investments and strategic shifts. In August 2025, Hut 8 announced plans to develop four new sites across the United States, adding over 1.5 GW of total capacity. The company launched American Bitcoin Corp. on April 1, 2025, and expanded its Bitcoin-backed credit facility with Coinbase to $130 million in June 2025. In August 2025, Director Joseph Flinn sold 8,500 shares of the company's stock. As of November 2025, analysts generally have a "Buy" rating on Hut 8, with an average target price of $48.80.

Demand seasonality for Hut 8 Corp.'s products and services is influenced by its diverse operations. Bitcoin mining profitability is tied to Bitcoin's price. Demand for HPC is projected to grow significantly. Bitcoin mining margins are sensitive to energy costs, which Hut 8 mitigates through technological innovation and geographic diversification. The company's strategic pivot towards a broader energy infrastructure model and its expansion into HPC and data center services for AI and machine learning suggest a move towards more stable and growing demand streams.

Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale, headquartered in Miami, Florida. The company operates in the Technology Services sector, focusing on Data Processing Services and Application Software. Hut 8's business model is diversified, leveraging advanced technology and strategic energy partnerships. Its major products and services include Bitcoin Mining through American Bitcoin Corp., Digital Infrastructure (ASIC and CPU colocation), Compute Services (data center cloud services and GPU-as-a-Service), and Power Generation & Managed Services.

Hut 8 Corp. has a significant geographic footprint across North America, including eleven sites: five high-performance computing data centers in British Columbia and Ontario, Canada, and six Bitcoin mining, hosting, and managed services sites in Alberta, Canada, and New York, Nebraska, and Texas in the United States. The company plans to develop four new sites across the United States, which are expected to more than double its platform's scale and diversify its presence across strategic energy markets.

Hut 8 Corp. undertook a corporate rebrand in July 2025 to emphasize its identity as a vertically integrated energy infrastructure platform. Hut 8 is recognized as a reliable name in the cryptocurrency mining industry, known for its innovative infrastructure, advanced blockchain technology, and commitment to sustainability. However, the company's proposed facilities in Louisiana and Illinois have drawn scrutiny from local communities regarding water usage and electricity demand.

Hut 8 Corp. is primarily owned by institutional shareholders, who hold 63.72% of the stock, insiders own 10.22%, and retail investors hold 26.06%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., Coatue Management, L.L.C., Ameriprise Financial Inc., Geode Capital Management, LLC, State Street Corp, and D. E. Shaw & Co., Inc. The largest individual shareholder is Michael Ho, owning 5.86% of the company's shares, and Asher Genoot, the CEO, directly holds 3.3% of the total shares outstanding.