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Investor Insights

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.

Consensus
Speculative
Valuation
Undervalued
RISKY
Hut 8 Mining Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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.
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Technology
DON'T BUY
Hut 8 Mining Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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'.
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Technology
RISKY
Hut 8 Mining Corp.

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.

Technology
TOP PICK
Hut 8 Mining Corp.
Blockchain miner. Blockchain is like the internet in 1995-96. Once it gets going, you can't stop it. Technology moving forward is diversifying. Investors can participate in the building of the network. $20 target. No dividend. (Analysts’ price target is $22.99)
Technology
RISKY
Hut 8 Mining Corp.

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

Technology
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Hut 8 Mining Corp.
Hut-8 is another Canadian Bitcoin miner headquarted in Toronto, though it trades on the TSX. Daily volumes average 2.5 million, but swing wildly. Over 12 months, Bitfarms outperforms HUT-T 753% vs 858%, but the stocks have run in parallel the past month. Neither stock pays a dividend (no surprise). HUT's EPS in -0.22 while BITF's is -0.12. Out of Vancouver comes another miner, HIVE Blockchain Technologies (HIVE on the Venture). HIVE boasts a positive EPS of 0.05 with average volumes of 8 million. Over the past year, HIVE stock has performed twice as well as BITF or HUT, but badly lags them since Bitcoin boomed last fall. At least, some Bay Street analysts have looked at HIVE and one (Jaime Carrasco) recommends it. There's scant coverage on the other names.
Technology
PAST TOP PICK
Hut 8 Mining Corp.

(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.

Technology
TOP PICK
Hut 8 Mining Corp.

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).

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Hut 8 Mining Corp.(HUT-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Hut 8 Mining Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hut 8 Mining Corp.(HUT-T) Frequently Asked Questions

What is Hut 8 Mining Corp. stock symbol?

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

Is Hut 8 Mining Corp. a buy or a sell?

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..

Is Hut 8 Mining Corp. a good investment or a top pick?

Hut 8 Mining Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Hut 8 Mining Corp..

Why is Hut 8 Mining Corp. stock dropping?

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.

Is Hut 8 Mining Corp. worth watching?

3 stock analysts on Stockchase covered Hut 8 Mining Corp. In the last year. It is a trending stock that is worth watching.

What is Hut 8 Mining Corp. stock price?

On 2024-12-06, Hut 8 Mining Corp. (HUT-T) stock closed at a price of $43.78.