The Panic-Proof Portfolio (Stockchase Research)
Hut 8 Corp.
HUT-T
PAST TOP PICK
May 20, 2025
(A Top Pick May 01/25, Up 29.8%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with HUT has achieved its target at $24. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $10) to $15.
HUT operates energy infrastructure platforms for the development of data centres and bitcoin mining in North America. It recently announced it has created "American Bitcoin" in conjunction with Eric Trump. It trades at 4x earnings, 1.3x book and supports a 45% ROE. We recommend setting a stop-loss at $10, looking to achieve $24 -- upside potential of 28%. Yield 0%
Our PAST TOP PICK with HUT has achieved its target at $24. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $10) to $15.