Hut 8 (HUT)
Develops power and data centers for AI, cloud services, and Bitcoin mining.
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Develops powered land and data centers, earns contracted infrastructure and cloud fees, and retains Bitcoin-mining exposure through majority-owned American Bitcoin. Its Power, Digital Infrastructure, and Compute layers span U.S. and Canadian sites, with growth centered on hyperscale AI campuses.
Develops and commercializes power and digital infrastructure for energy-intensive computing across the United States and Canada. The Power segment originates powered land and electrical infrastructure; Digital Infrastructure builds and leases data centers; Compute monetizes hardware and services through majority-owned Bitcoin miner American Bitcoin, enterprise cloud and colocation provider Hut 8 Canada, and AI cloud platform Highrise AI.
Combines power-market access, greenfield data-center development, and project financing to move sites into long-term leases, including hyperscale AI campuses in Louisiana and Texas. After divesting its Ontario generation portfolio, the platform focuses on power origination and data-center development while retaining cloud, AI compute, colocation, and Bitcoin exposure. Results depend on securing grid capacity, completing capital-intensive projects, tenant credit and demand, and Bitcoin mining economics through American Bitcoin.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Redburn Partners | Target | Target: — | Target: $96 |
| Sep 17, 2026 | Wells Fargo | Initiate | Rating: —Target: — | Target: $175 |
| Sep 8, 2026 | Coker Palmer | Target | Target: $165 | Target: $195 |
| Aug 6, 2026 | Piper Sandler | Reiterate | Rating: —Target: $93 | Target: $143 |
| Jul 23, 2026 | Morgan Stanley | Initiate | Rating: —Target: — | Target: $263 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.02B · Total debt $7.67B · Total assets $9.98B · Shareholders' equity $1.44B
- Revenue
- $74.9M
- Operating income
- −$206.3M
- Net income
- −$150.2M
No dividends on record.
| Institutions | ≈ 84.95% | 95.65M shares | |
|---|---|---|---|
| 474 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.20% | 6.98M shares | |
| 8 holders · as of Aug 25, 2026 | |||
| Other | ≈ 8.85% | 9.97M shares | |
| remainder | |||
112.59M company shares as of Sep 6, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (123.26M in the company's Sep 22, 2026 report, 112.59M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Coatue Management LLCInstitution | 8.63% | 9.72M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.41% | 9.47M | as of Jun 30, 2026 |
Michael Ho1,2Insiderdirector, officer: Chief Strategy Officer | 5.62% | 6.33M | filed Dec 7, 2023 |
Vanguard Portfolio Management LLCInstitution | 5.53% | 6.23M | as of Jun 30, 2026 |
Lone Pine Capital LLCInstitution | 5.13% | 5.77M | as of Jun 30, 2026 |
- Michael Ho's transaction reports restate only vehicles that traded; the 2023 ownership statement (6.33M) is used instead.
- Michael Ho reports a block also reported by Vanguard Portfolio Management LLC; it is counted once, under Vanguard Portfolio Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Sean Joseph Glennan | officer: Chief Financial Officer | −6,445 | $78.76 |
| Jun 17, 2026 | Victor Semah | officer: Chief Legal Officer | −10,000 | $125.00 |
| Jun 12, 2026 | Joseph Flinn | director | −7,719 | $117.91 |
| Jun 11, 2026 | Joseph Flinn | director | −30,500 | $116.21 |
| May 21, 2026 | Amy Marie Wilkinson | director | −20,000 | $100.78 |
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- CleanSpark
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- TeraWulf
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hut 8 | $106.81 | +3.28% | $11.64B | — | — | — | +81.4% |
| MARA | $13.37 | +0.68% | $5.06B | — | — | 6.3 | −26.7% |
| Riot Platforms | $24.49 | +1.28% | $9.14B | — | — | 13.6 | +13.9% |
| IREN | $48.29 | +2.24% | $16.85B | — | — | 23.8 | −26.8% |
| Core Scientific | $18.57 | +1.12% | $5.90B | — | 807.4 | 13.4 | +108.8% |
| CleanSpark | $14.67 | −0.61% | $3.79B | — | — | 5.6 | −30.5% |
| TeraWulf | $17.62 | +0.97% | $8.65B | — | — | 52.3 | −6.0% |
| Median | — | 807.4 | 13.5 | −16.3% |