Hut 8 Corp. Common Stock (HUT)
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Hut 8 assembles power plants, data centers and Bitcoin mining into one energy platform — and lit up 17 hits in our momentum scanner run of July 17, 2026, after roughly 150 percent of share-price gains in three months. We read the annual reports (10-K) for 2024 and 2025 and the quarterly reports (10-Q) through March 31, 2026: a 15-year lease worth about $9.8 billion with an unnamed multi-trillion-dollar technology company, a Google backstop for the second campus, 16,331 Bitcoin on the balance sheet — and an income statement that swung from plus $332 million in 2024 to minus $226 million in 2025 because Bitcoin revaluation dominates it. Not investment advice — just a look at what remains once you twist the Bitcoin price out of the profit column.
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This stock currently matches 22 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
Sells AIGeprüft am 17.07.2026 gegen den Geschäftsbericht (10-K) für 2025 (eingereicht 25.02.2026), den 10-K für 2024 (03.03.2025) und die vier jüngsten Quartalsberichte (10-Q, zuletzt zum 31.03.2026, eingereicht 06.05.2026): KI-Produkte und -Dienste sind bei Hut 8 nachweislich Umsatzquelle. Erstens betreibt der Konzern mit Highrise AI eine hundertprozentige KI-Cloud-Marke, die laut 10-K (Item 1 „Business“) eine „cloud infrastructure platform purpose-built for AI“ an Entwickler und Unternehmen vermietet und zum 31.12.2025 1.000 Nvidia-H100- und 96 H200-GPUs betrieb. Zweitens kommerzialisiert Hut 8 KI-Rechenzentrums-Infrastruktur direkt: Am River-Bend-Campus soll laut 10-K Fluidstack als Mieter einziehen (mit finanzieller Absicherung durch Google über die 15-jährige Grundmietzeit), am Beacon-Point-Campus wurde laut 10-Q zum 31.03.2026 ein Triple-Net-Mietvertrag über rund 9,8 Milliarden US-Dollar Basisvolumen mit einem „multi-trillion-dollar market capitalization“ Technologiekonzern geschlossen — ausdrücklich als „AI infrastructure“ deklariert. Nach der Vorrang-Regel gewinnt „Verkauft KI“ vor allen anderen Kategorien.
View the full file — quotes, sources, reviewed filings
„Highrise AI is an AI Cloud business wholly owned by Hut 8, offering a cloud infrastructure platform purpose-built for AI. Designed for developers and enterprises operating in performance-critical and security-sensitive domains, Highrise AI delivers bare-metal performance with full-stack orchestration to support the training and deployment of production-scale AI models. As of December 31, 2025, Highrise AI operated 1,000 NVIDIA H100 GPUs and 96 NVIDIA H200 GPUs."
Highrise AI ist ein KI-Cloud-Geschäft im vollständigen Besitz von Hut 8 und bietet eine eigens für KI gebaute Cloud-Infrastruktur-Plattform an. Ausgelegt für Entwickler und Unternehmen in leistungskritischen und sicherheitssensiblen Bereichen liefert Highrise AI Bare-Metal-Leistung mit vollständiger Orchestrierung, um das Training und den Einsatz von KI-Modellen im Produktionsmaßstab zu unterstützen. Zum 31. Dezember 2025 betrieb Highrise AI 1.000 NVIDIA-H100- und 96 NVIDIA-H200-GPUs.
„We are advancing scaled AI infrastructure development at our River Bend campus in Louisiana, where Fluidstack is expected to serve as tenant and Google is expected to provide a financial backstop that covers the lease payments and related pass-through obligations for the 15-year base lease term."
Wir treiben die Entwicklung skalierter KI-Infrastruktur an unserem River-Bend-Campus in Louisiana voran; dort soll Fluidstack als Mieter auftreten, und Google soll eine finanzielle Absicherung stellen, die die Mietzahlungen und die zugehörigen Durchleitungsverpflichtungen für die 15-jährige Grundmietzeit abdeckt.
„Hut 8 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."
Hut 8 ist eine Energie-Infrastruktur-Plattform, die Strom, digitale Infrastruktur und Rechenleistung im großen Maßstab integriert, um Technologien der nächsten Generation mit hohem Energiebedarf wie KI, High-Performance-Computing und ASIC-Rechenleistung zu versorgen.
Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2025-11-04 · 10-Q 2025-08-07 · 10-Q 2025-05-08 · 10-K 2026-02-25 · 10-K 2025-03-03
Rated on July 17, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.51 | 841.80 | 340 | 1,082.70 | 44.80 | -22 | -208 |
| 2025: Q1 | -1.30 | -148.60 | 22 | -57.80 | -613.70 | -34 | -98 |
| 2025: Q2 | 1.15 | – | 41 | – | 332.50 | -49 | -94 |
| 2025: Q3 | 0.41 | 6,032.10 | 160 | 266.10 | 31.30 | 1 | -351 |
| 2025: Q4 | -2.66 | -276.30 | -313 | -192.20 | – | -57 | -244 |
| 2026: Q1 | -1.98 | – | 71 | 225.50 | -309.60 | -27 | -63 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Beacon Point (roughly $9.8 billion of base contract value over 15 years with a multi-trillion-dollar tech company, expected average annual net operating income of about $655 million) and River Bend (245 MW, Fluidstack/Google as expected partners, $3.25 billion financing placed) give the stock a contracted future foundation for the first time — deliveries from Q2/Q3 2027 (10-Q as of 03/31/2026, 10-K for 2025).
Fair-value accounting for the 16,331 Bitcoin dictates the group result: +$331.9 million (2024), −$226.1 million (2025), −$219.8 million (Q1 2026), with valuation swings from +$509.3 to −$401.9 million per period — the 10-K explicitly names the Bitcoin concentration as a central risk (Item 1A).
Growth driver American Bitcoin is separately listed, and Hut 8's stake fell to roughly 55.3 percent (ABTC 10-K, 03/25/2026); the 10-K warns of conflicts of interest with minority shareholders and records a board-approved purchase of 23.2 million ABTC Class B shares at $1.40 by an LLC of the two group chiefs (related-party footnote).
Cleverly structured project debt ($3.25 billion non-recourse, investment-grade ratings) meets negative operating cash flow (−$139.2 million in 2025), ongoing ATM dilution (share count +10.7 percent in 2025, another $120.1 million raised in Q1 2026) and a Bitcoin-collateralized loan with margin calls from 130 percent coverage (FalconX, May 2026).
17 scanner hits, a relative strength of 98 and a stage-2 trend meet roughly 46 times trailing revenue, price-to-book around 9.5 and absent trailing profits (data as of July 8, 2026) — the market prices the rents from 2027, not the present; an average daily range around 9 percent makes the stock fast in both directions.
Hut 8 is that rare transformation story with signed receipts: two triple-net mega leases, a placed $3.25 billion project financing, and a site that proves the construction speed. But until the rents flow from 2027, the Bitcoin price writes the income statement (−$226.1 million in 2025 after +$331.9 million in 2024), the group's best asset is now only a little more than half-owned, and growth is continuously paid for with new shares and debt — at 46 times trailing revenue. Not investment advice.
- HUT reached the research list through the momentum/stage-2 run of our in-house stock scanner on July 17, 2026 (17 hits, including Stan Weinstein stage 2, RS leader 90, Oliver Kell doublers, Qullamaggie top gainers 6M); price and valuation data carry the July 8, 2026 cut-off.
- The market-data vendor's quarterly series for HUT contains fair-value artifacts (including "negative revenue" for Q4 2025); the revenue and results series in this analysis are therefore derived directly from the SEC filings, with Q4 2025 as the difference between full-year and nine-month figures.
- Analyses are evergreen, daily prices are not a buy argument: price (~$117.70) and market value (~$13.0 billion) dated July 8, 2026; Bitcoin holdings and balance sheet as of 03/31/2026. Hut 8 Corp. has existed as a U.S. entity only since 2023 — longer time series are only comparable to a limited degree because of the business combination.
About the Company
Hut 8 Corp. ist mit ihren Tochtergesellschaften eine Energieinfrastrukturplattform, die Strom, digitale Infrastruktur und Rechenleistung im großen Maßstab integriert, um energieintensive Anwendungsfälle in den USA und Kanada zu bedienen.
| Employees | 248 |
|---|---|
| Headquarters | Miami, FL |
| Website | hut8.com |
| IPO Date | 8. Mar 2018 |
| Next Earnings | 6. Aug 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Asher Kevin Genoot | Co-Founder, CEO & Non-Independent Director | 1996 |
| Michael Ho | Co-Founder, Chief Strategy Officer & Non-Independent Director | 1994 |
| Sean Glennan | Chief Financial Officer | 1984 |
| Victor Semah J.D. | Chief Legal Officer & Corporate Secretary | 1983 |
| Mark Eidelman | Head of Investor Relations & Senior Vice President of Strategic Finance | – |
| Matthew Saxon | Chief People Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.