Hut 8 Mining Corp. (HUT) AI Stock Analysis

Hut 8 Mining Corp. stands at the forefront of cryptocurrency mining in North America, specializing in industrial-scale operations focused on bitcoin. Founded in 2011 and headquartered in Toronto, Canada, the company operates several dedicated mining facilities, including 38 BlockBoxes in Drumheller, Alberta, and 51 BlockBoxes in Medicine Hat, Alberta. These sites house the necessary computing power and specialized equipment required for validating transactions and securing the bitcoin blockchain. Hut 8 leverages access to reliable and affordable energy sources in Alberta to support efficient mining capacity while pursuing opportunities within the broader digital asset ecosystem.

Hut 8 generated a 5-year revenue CAGR of 91.7% from FY2020 to FY2025. Annual revenue expanded from $79.2M in FY2021 to $162.4M in FY2024 and $235.1M in FY2025, which represented 44.8% growth. Profitability has been volatile, shifting from net income of $331.9M and an operating margin of 283.6% in FY2024 to a net loss of -$248.0M and an operating margin of -93.6% in FY2025. Over the trailing twelve months, revenue was $318.0M with a profit margin of -188.6%. For the latest quarter ended June 30, 2026, quarterly revenue growth reached 81.4% year-over-year, with quarterly earnings growth of 6006.8%.

As of June 30, 2026, Hut 8 held $7.02B in cash and short-term investments against total debt of $7.67B, yielding net debt of $648.1M. The company reported a current ratio of 19.35 and a debt-to-equity ratio of 5.32 on shareholders' equity of $1.44B. In FY2025, operating cash flow was -$139.2M and capital expenditures were $648.1M, resulting in free cash flow of -$787.3M. In addition, Hut 8 saw a share count change of 249.3% over five years.

At a last close of $67.75, Hut 8 has a market capitalization of $8.35B and an enterprise value of $20.07B. The stock trades at a forward P/E of 138.9x and a price-to-sales ratio of 26.3x, both above the median of its US-listed Financial Services peers at 10.8x and 3.2x, respectively. Its EV/EBITDA multiple of 11.6x is comparable to the peer median of 11.7x. Over the past year, Hut 8 posted a return of 38.9%, exceeding the 16.8% return for the S&P 500 (SPY).

Hut 8 currently holds 16 Strong Buy, 6 Buy, and 1 Hold ratings from analysts, with no Sell or Strong Sell recommendations. The mean price target is $152.78, which is 125.5% above the last close of $67.75. For the fiscal year ending December 31, 2026, consensus estimates anticipate revenue of $295.5M and EPS of -$3.42. The company has beaten EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Hut 8 Mining Corp. (HUT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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