HUT

In Q1 2026, Hut 8 announced its earnings, and in Q2 2026, it reported a wider-than-expected loss of $1.27 per share and a revenue miss of $74.93 million, largely due to a $138.6 million unrealized mark-to-market loss on its Bitcoin holdings, despite an 81.0% year-over-year revenue increase. The company's valuation is increasingly tied to its AI data center development, having fully commercialized its 1 GW Beacon Point AI Data Center Campus with a second 352 MW IT lease, bringing the campus-level base-term contract value to $19.6 billion, with initial data hall delivery targeted for Q3 2027. Initial data hall delivery at River Bend Data Center Campus is targeted for Q2 2027. In December 2025, Hut 8 launched a partnership with Anthropic and Fluidstack to deploy hyperscale AI infrastructure in the U.S., agreeing to develop and deliver up to 2,295 MW of AI data center infrastructure for Anthropic, a deal potentially worth up to $18 billion. HUT stock has shown significant increases, rising 15.90% in the past week, 28.87% in the past month, and 168.50% over the last year (as of September 2026), reaching an all-time high of $140.80 USD on June 1, 2026. On September 18, 2026, shares rose 8.5% to $98.74, trading between a 52-week low of $31.67 and a high of $140.80. CFO Sean Glennan sold approximately $508K in shares in August 2026 to cover tax withholding obligations, and insiders have sold $13.2 million worth of shares over the past 12 months with no recorded buying. Analysts have lifted the central fair value estimate for Hut 8, reflecting views on its AI-focused data center leases and expanding contracted capacity, resulting in a consensus 'Buy' rating with an average target price of $143.95.