Headquartered in Miami, FL·Fiscal year ends December·NASDAQ: HUT·hut8.com
About Hut 8
Hut 8 Corp. (Nasdaq, TSX: HUT) is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. Hut 8 operates across three business segments: Power (power generation and managed services), Digital Infrastructure (colocation services including through its King Mountain Joint Venture), and Compute (ASIC compute/Bitcoin mining, AI Cloud, and Traditional Cloud solutions). The Company is actively developing large-scale AI data center campuses, including its River Bend and Beacon Point sites, with a total development pipeline of approximately 8,660 MW. Hut 8 also holds significant Bitcoin on its balance sheet, including holdings through its American Bitcoin subsidiary. The Company's business model centers on securing power capacity at scale and commercializing it through long-term leases with investment-grade counterparties for AI and high-performance computing workloads. Updated
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Canaccord raised its price target on Hut 8 (NASDAQ:HUT) stock to $130 from $70, keeping its Buy rating. The price target hike, delivered May 7, nearly doubles the firm’s prior valuation and…
Shares of Hut 8 (NASDAQ:HUT) are surging 35% in midday trading Wednesday. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is climbing 13% in tandem, as investors reprice former Bitcoin mining pure-plays…
Hut 8 Corp. (Nasdaq, TSX: HUT) is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute.
What is the HUT stock price target?
The Wall Street consensus 12-month price target for HUT is $153.96.