Hut 8 (NASDAQ:HUT) Research Coverage Started at HC Wainwright

HC Wainwright assumed coverage on shares of Hut 8 (NASDAQ:HUT) in a report published on Monday, MarketBeat.com reports. The firm issued a buy rating and a $80.00 price target on the stock. HC Wainwright also issued estimates for Hut 8’s Q4 2025 earnings at $0.03 EPS, FY2025 earnings at ($0.37) EPS and FY2026 earnings at ($0.10) EPS.

HUT has been the subject of a number of other research reports. JMP Securities raised their price objective on shares of Hut 8 from $25.00 to $65.00 and gave the company a “market outperform” rating in a report on Tuesday, October 21st. Citigroup restated an “outperform” rating on shares of Hut 8 in a research report on Tuesday, October 21st. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Hut 8 in a report on Thursday, December 18th. Wall Street Zen raised shares of Hut 8 from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $80.00 target price on shares of Hut 8 in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $62.35.

Hut 8 Trading Down 8.2%

NASDAQ HUT opened at $54.17 on Monday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of -138.90 and a beta of 4.42. Hut 8 has a twelve month low of $10.04 and a twelve month high of $66.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average is $51.15 and its 200 day moving average is $40.13.

Hut 8 (NASDAQ:HUT) last posted its earnings results on Tuesday, November 4th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%.The firm had revenue of $80.72 million during the quarter, compared to the consensus estimate of $64.70 million. As a group, sell-side analysts expect that Hut 8 will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Hut 8

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Hut 8 by 19.4% in the 2nd quarter. Rhumbline Advisers now owns 146,356 shares of the company’s stock valued at $2,722,000 after buying an additional 23,753 shares during the period. Zweig DiMenna Associates LLC acquired a new position in Hut 8 during the 2nd quarter worth approximately $3,688,000. Tobam boosted its holdings in Hut 8 by 48.9% in the second quarter. Tobam now owns 34,945 shares of the company’s stock worth $650,000 after acquiring an additional 11,482 shares in the last quarter. Paradiem LLC bought a new position in Hut 8 in the third quarter worth approximately $1,652,000. Finally, Y Intercept Hong Kong Ltd grew its stake in Hut 8 by 26.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 131,110 shares of the company’s stock valued at $4,564,000 after acquiring an additional 27,568 shares during the period. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.