# Hut 8 Corp. Common Stock (HUT.US)

Canonical: https://gigainvestors.com/s/HUT

Analysis as of: 2026-10-16T07:29:12.079Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $76.09 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Stephen Mandel](https://gigainvestors.com/LPC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Daniel Loeb](https://gigainvestors.com/tp): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 39% since May 2026

Story as of 2026-10-16T10:01:27.366Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in capital markets; annual sales are USD 235.1 million.

- Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm#000110465926019392 (filed 2026-02-25); FY2025: revenue 235118000; grossProfit 127344000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); HUT.US: Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company 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. It also engages in the operation of compute infrastructure; and provision, hosting, monitoring, troubleshooting, repair, maintenance, and sale of mining equipment. In addition, the company offers Bitcoin mining; data center and cloud infrastructure services, including colocation services; and ASIC compute, traditional cloud, and AI cloud services. Hut 8 Corp. was founded in 2020 and is based in Miami, Florida.

### Why customers stay

Margins ranged from 46.6% to 54.2% during 2023–25.

- Source: https://query2.finance.yahoo.com/ws/fundamentals-timeseries/v1/finance/timeseries/HUT (filed 2026-02-25); FY2023: grossProfit / revenue = 53.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2024: grossProfit / revenue = 46.6%.

- Source: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm (filed 2026-02-25); FY2025: grossProfit / revenue = 54.2%.

### Where the cash goes

Paid no dividends in 2 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2024: growth capex 106471605.65656203; upkeep 158124394.34343797; cash acquisitions 3203000; owner earnings 223166605.65656203. Growth capex plus acquisitions / owner earnings = 0.4914472097377493.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Dividend observations: [[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 8.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); HUT.US SharesStats.PercentInsiders = 8.549 percentage points; cache date 2026-10-16.

### What the price says

The price is 34.1 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Closing price 76.09 USD; reporting-to-trading FX 1; FY2025 annual sales per share 2.2322270746421045; price multiple 34.08703391531061. FY2025 cash earnings/share -6.366817634007608. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2018-03: $2.56 per share

- 2018-04: $3.35 per share

- 2018-05: $3.08 per share

- 2018-06: $2.26 per share

- 2018-07: $2.22 per share

- 2018-08: $2.69 per share

- 2018-09: $2.21 per share

- 2018-10: $2.18 per share

- 2018-11: $1.37 per share

- 2018-12: $1.05 per share

- 2019-01: $1.30 per share

- 2019-02: $0.98 per share

- 2019-03: $0.66 per share

- 2019-04: $1.18 per share

- 2019-05: $1.69 per share

- 2019-06: $2.06 per share

- 2019-07: $1.78 per share

- 2019-08: $1.72 per share

- 2019-09: $1.60 per share

- 2019-10: $1.39 per share

- 2019-11: $1.00 per share

- 2019-12: $0.78 per share

- 2020-01: $0.95 per share

- 2020-02: $0.90 per share

- 2020-03: $0.52 per share

- 2020-04: $0.61 per share

- 2020-05: $1.26 per share

- 2020-06: $0.77 per share

- 2020-07: $0.87 per share

- 2020-08: $0.82 per share

- 2020-09: $0.74 per share

- 2020-10: $0.96 per share

- 2020-11: $1.44 per share

- 2020-12: $2.75 per share

- 2021-01: $3.80 per share

- 2021-02: $7.88 per share

- 2021-03: $7.57 per share

- 2021-04: $5.45 per share

- 2021-05: $4.07 per share

- 2021-06: $4.40 per share

- 2021-07: $4.73 per share

- 2021-08: $7.86 per share

- 2021-09: $8.40 per share

- 2021-10: $13.40 per share

- 2021-11: $12.05 per share

- 2021-12: $7.85 per share

- 2022-01: $5.94 per share

- 2022-02: $6.11 per share

- 2022-03: $5.52 per share

- 2022-04: $3.56 per share

- 2022-05: $2.55 per share

- 2022-06: $1.33 per share

- 2022-07: $2.12 per share

- 2022-08: $2.03 per share

- 2022-09: $1.78 per share

- 2022-10: $2.24 per share

- 2022-11: $1.19 per share

- 2022-12: $0.85 per share

- 2023-01: $1.93 per share

- 2023-02: $1.65 per share

- 2023-03: $1.85 per share

- 2023-04: $1.79 per share

- 2023-05: $2.16 per share

- 2023-06: $3.30 per share

- 2023-07: $3.56 per share

- 2023-08: $2.43 per share

- 2023-09: $1.95 per share

- 2023-10: $2.17 per share

- 2023-11: $1.90 per share

- 2023-12: $13.34 per share

- 2024-01: $7.47 per share

- 2024-02: $8.49 per share

- 2024-03: $11.04 per share

- 2024-04: $7.86 per share

- 2024-05: $8.69 per share

- 2024-06: $14.99 per share

- 2024-07: $14.64 per share

- 2024-08: $10.11 per share

- 2024-09: $12.26 per share

- 2024-10: $15.79 per share

- 2024-11: $28.02 per share

- 2024-12: $20.49 per share

- 2025-01: $21.69 per share

- 2025-02: $14.75 per share

- 2025-03: $11.62 per share

- 2025-04: $12.31 per share

- 2025-05: $15.27 per share

- 2025-06: $18.60 per share

- 2025-07: $21.23 per share

- 2025-08: $26.73 per share

- 2025-09: $34.81 per share

- 2025-10: $50.66 per share

- 2025-11: $45.00 per share

- 2025-12: $45.94 per share

- 2026-01: $55.83 per share

- 2026-02: $53.23 per share

- 2026-03: $46.91 per share

- 2026-04: $75.78 per share

- 2026-05: $124.83 per share

- 2026-06: $115.45 per share

- 2026-07: $107.63 per share

- 2026-08: $78.64 per share

- 2026-09: $86.10 per share

- 2026-10: $76.09 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm); period 2025-12-31, filed 2026-02-25.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.