Hut 8 Corp. (HUT) Stock

Hut 8 Corp. (HUT) is a Financials stock trading at $88.64 (as of 2026-08-20), with a market capitalization of $10.93B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hut 8 Corp. operates large-scale energy and data infrastructure and also mines Bitcoin. The company acquires, designs, builds, manages, and runs data centers that support compute-intensive activities such as Bitcoin mining and other high-performance computing workloads for customers requiring that capacity.

Understand Hut 8 Corp.: how it makes money

Hut 8 Corp. builds and operates data centers and energy infrastructure that power compute-intensive workloads like Bitcoin mining, and it earns money from contracted capacity and related compute and managed services.

The business model is capacity and compute driven, contracted revenue base plus compute and managed services revenue power the top line, but the quarter showed a deeply negative operating margin (-521.5%), meaning operating costs and other items can overwhelm gross profit.

Revenue by segment (latest quarter)
Compute$0.1B
ManagedSvc$0.0B
Other$0.0B

Business quality (Weak): The company is vertically integrated across data centers and energy infrastructure, and it reports a strong gross margin (64.0%), but the operating margin is extremely negative (-521.5%), highlighting a gap between gross profitability and operating profitability that investors will want to understand.

Bull case

  • Contracted capacity is a stated cornerstone of revenue: The company reports a Contracted Revenue Base of 16.8 USD_B, alongside smaller contributions from compute segment revenue and managed services revenue.
  • Gross profitability exists even in the latest quarter: Gross margin is reported at 64.0% for the period ending 2026-03-31.

Bear case

  • Operating losses are very large versus gross profit: Operating margin is reported at -521.5% for the period ending 2026-03-31, which suggests substantial operating costs and or other operating impacts.
  • Capacity monetization appears uneven: Energy capacity commercialized under executed agreements is reported at 85%, while Energy Capacity Under Development is reported at 550 and Development Pipeline Capacity is reported at 8650, implying a reliance on future progress to convert pipeline into operating results.
Valuation — source: SEC EDGAR (first-party)
Price$88.64
Market Cap$10.93B
Price / Book6.23
Price / Sales36.36
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$235.12M
Net Margin-96.2%
Revenue Growth (YoY)44.8%
EPS Growth (YoY)-157.7%
Financial Health — source: SEC EDGAR
Altman Z-Score5.26 (safe)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($404.61M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOAsher Kevin Genoot
Employees222
CountryUS
IPO Date2018-03-08

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HUT earnings history · HUT institutional & insider holders · HUT KPIs & operating metrics · HUT financials · HUT investor presentations & press releases · HUT SEC filings · HUT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.