Related posts
Weekly 52-Week Low (or 52-Week High): BAM-T, LB-T, S-T, NSCI-X and More 52-Week Highs and Lows (Nov 27-Dec 03)Markets up on WednesdayMost Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)This summary was created by AI, based on 3 opinions in the last 12 months.
Hut 8 Mining Corp is a bitcoin mining company that has expanded into digital assets mining, managed services, and high-performance computing. The majority of its revenue comes from bitcoin mining, with additional revenue from managed services and AI cloud computing. The company holds a significant amount of BTC on its balance sheet and has strong momentum amid the recent rally in Bitcoin. While it is unprofitable, the potential for AI cloud computing revenues to offset weaker margins from bitcoin mining operations is noted. The stock is considered highly volatile and risky, but some experts see it as a value play with potential. However, there is also concern about its valuation compared to its bitcoin holdings. Overall, the management team is seen as talented, but there is a desire for a visible earnings path and model.
HUTs valuation is close to its bitcoin holdings, and we feel this effectively means the market is either pricing in bitcoins price to decline or its operations to be worth near-zero. We think it looks interesting here as a value play. Overall, we would prefer GLXY due to its strong leadership, diverse operations, and history of success across crypto 'bull markets'.
Unlock Premium - Try 5i Free
This name will follow the price of bitcoin. Fabulous run here. Not covered by a bunch of analysts, which is what you want for a young company. Pretty speculative. Management team looks talented. He needs to see an earnings path and a visible model.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recently added to the TSX index. A Canadian bitcoin mining company. They have strong revenue growth, low debt levels and good profitability. Valuation is good. There is risk but the company should continue to perform well in the future. Unlock Premium - Try 5i Free
(A Top Pick May 14/18, Down 21%) It had a tough go since he was on. He continues to believe it is one of the best plays to get exposure to bit coin. It is a well run company.
If you can't buy the coin directly this is a very interesting leveraged play. It is one of the biggest bit coin miners out there. Two years from now the net asset value of the company could double. (Analysts’ target: $7.85).
Hut 8 Mining Corp. is a Canadian stock, trading under the symbol HUT-T on the Toronto Stock Exchange (HUT-CT). It is usually referred to as TSX:HUT or HUT-T
In the last year, 3 stock analysts published opinions about HUT-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hut 8 Mining Corp..
Hut 8 Mining Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Hut 8 Mining Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Hut 8 Mining Corp. In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Hut 8 Mining Corp. (HUT-T) stock closed at a price of $43.78.
Hut 8 is traditionally a bitcoin mining company which now has a few main operating segments; digital assets mining, managed services (infrastructure development), and high-performance computing (AI cloud computing). The majority of its revenue is from bitcoin mining (59%), 18% is from managed services, and 6% is from AI cloud computing.
HUT has 17.8 EH/s, a pretty good level of compute power for mining. A $150M investment from Coatue to support the buildout of next generation AI infrastructure, and it holds 9,105 BTC on its balance sheet (equivalent to $590M today). HUT is a $2.6B company, sales growth is good, it is unprofitable, but AI cloud computing revenues can help to offset the weaker margins from its bitcoin mining operations. Momentum has been strong amid the recent rally in Bitcoin and the potential for a favourable political environment for the crypto asset space. We would consider it to be highly volatile and not without its risks, but we would be OK with a position while acknowledging its volatility risks and small-cap risks.
Unlock Premium - Try 5i Free