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Upturn AI SWOT - About
Hut 8 Corp. Common Stock (HUT)
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Upturn Advisory Summary
03/11/2025: HUT (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 18.26% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 03/11/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.23B USD | Price to earnings Ratio - | 1Y Target Price 24.95 |
Price to earnings Ratio - | 1Y Target Price 24.95 | ||
Volume (30-day avg) 4374569 | Beta 3.45 | 52 Weeks Range 6.95 - 31.95 | Updated Date 03/30/2025 |
52 Weeks Range 6.95 - 31.95 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.78 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-03 | When - | Estimate - | Actual 1.5302 |
Profitability
Profit Margin 102.21% | Operating Margin (TTM) -239.94% |
Management Effectiveness
Return on Assets (TTM) -4.25% | Return on Equity (TTM) -122.68% |
Valuation
Trailing PE - | Forward PE 27.7 | Enterprise Value 1467408071 | Price to Sales(TTM) 8.52 |
Enterprise Value 1467408071 | Price to Sales(TTM) 8.52 | ||
Enterprise Value to Revenue 2.18 | Enterprise Value to EBITDA 2.76 | Shares Outstanding 93392400 | Shares Floating 71989722 |
Shares Outstanding 93392400 | Shares Floating 71989722 | ||
Percent Insiders 58.66 | Percent Institutions 57.48 |
Analyst Ratings
Rating 4.56 | Target Price 24.95 | Buy 4 | Strong Buy 5 |
Buy 4 | Strong Buy 5 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Hut 8 Corp. Common Stock
Company Overview
History and Background
Hut 8 Mining Corp., rebranded as Hut 8 Corp after merging with US Bitcoin Corp. (USBTC) in late 2023, was founded in 2011. It's evolved from primarily a Bitcoin miner to a diversified infrastructure and energy company.
Core Business Areas
- Bitcoin Mining: Engages in Bitcoin mining operations, deploying and managing mining hardware to secure the Bitcoin network and earn block rewards.
- High Performance Computing: Offers cloud computing and other high-performance computing services to various industries.
- Managed Services: Provides hosting services for other digital asset miners.
Leadership and Structure
Asher Genoot is the current CEO. The company operates with a board of directors overseeing strategic decisions. Org structure includes executive, technology, operations, and finance teams.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bitcoin mining is Hut 8's primary revenue generator. Market share fluctuates based on hash rate and Bitcoin price. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK). Market share is highly variable and dependent on network hashrate and luck in finding blocks. Revenue is highly volatile due to Bitcoin price fluctuations.
- High Performance Computing (HPC): Hut 8 offers HPC services through its data centers for machine learning and other compute intensive tasks. Competitors include Amazon AWS, Microsoft Azure, and Google Cloud.
- Managed Services: Hut 8 provides hosting services for other Bitcoin miners, providing infrastructure and power. Competitors include Core Scientific (CORZ), Compute North (bankrupt).
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and capital-intensive. It is affected by bitcoin price volatility, hashrate difficulty increases, and changes in energy costs and regulatory frameworks. The HPC market is experiencing rapid growth, driven by demand for AI and machine learning.
Positioning
Hut 8 aims to be a leader in digital asset mining and high-performance computing, emphasizing sustainable energy sources where possible. The merger with USBTC enhanced the company's market positioning.
Total Addressable Market (TAM)
The global Bitcoin mining market is projected to reach billions of USD. The high-performance computing market TAM is also significant and growing rapidly. Hut 8 aims to capture a significant portion of both markets. The HPC market is expected to exceed hundreds of billions of USD.
Upturn SWOT Analysis
Strengths
- Diversified revenue streams (mining, HPC, managed services)
- Experienced management team
- Significant Bitcoin holdings
- Post USBTC Merger access to varied geographies
Weaknesses
- High energy consumption
- Exposure to Bitcoin price volatility
- Capital-intensive operations
- Dependence on regulatory environment
Opportunities
- Expansion of HPC services
- Strategic acquisitions
- Increased adoption of Bitcoin
- Growth in sustainable energy sources
Threats
- Increased mining difficulty
- Regulatory uncertainty
- Competition from larger mining firms
- Bitcoin price crashes
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
- CORZ
Competitive Landscape
Hut 8 faces intense competition in both Bitcoin mining and HPC. Success depends on efficient operations, access to cheap energy, and strategic partnerships. The company will need to execute strategic intitatives effectively to compete with the larger companies in the industry.
Major Acquisitions
US Bitcoin Corp (USBTC)
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Merger to diversify operations and scale business. Enhances geographic diversification and revenue streams.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been volatile, tied to Bitcoin price swings and expansion of mining capacity. The merger with USBTC represents a significant growth event.
Future Projections: Future growth depends on Bitcoin adoption, HPC market growth, and successful execution of strategic initiatives. Analyst estimates are volatile and vary widely.
Recent Initiatives: Recent initiatives include the merger with USBTC, expansion of HPC infrastructure, and exploration of new energy sources.
Summary
Hut 8 Corp. is a Bitcoin mining company that has diversified into high-performance computing. The merger with USBTC has provided scale and diversification, although is heavily reliant on Bitcoin's price volatility. Hut 8 needs to focus on managing energy costs, navigating regulatory challenges, and executing its growth strategy to maintain competitiveness. They must be wary of Bitcoin crashes and overall regulatory uncertainty.
Similar Companies
CIFR
Cipher Mining Inc
CIFR
Cipher Mining Inc
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual due diligence and consultation with a financial advisor. Market share estimates are approximate and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hut 8 Corp. Common Stock
Exchange NASDAQ | Headquaters Miami, FL, United States | ||
IPO Launch date 2018-03-08 | Co-Founder, CEO, President & Director Mr. Asher Kevin Genoot | ||
Sector Financial Services | Industry Capital Markets | Full time employees 222 | Website https://hut8.com |
Full time employees 222 | Website https://hut8.com | ||
Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company operates through four segments: Power, Digital Infrastructure, Compute, and Other. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services, as well as engages in the Bitcoin mining business. In addition, the company provides colocation and data center cloud services; hosting services, which include the provision of mining equipment, as well as monitors, troubleshoots, repairs, and maintains related equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.
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