Hut 8 Corp. (HUT)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
$48.94-23.23%
Close 2026-11-04 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
Research Workspace
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is accelerating — up about 71% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 20%, softest on free-cash-flow margins.
View QualityManagement screens weak on earnings delivery, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 4% on a typical day and fell roughly 63% in its worst 12-month stretch.
View RiskHUT's data center expansion has to keep compounding to justify the price. Revenue grew 81% year over year in the last reported quarter. The company still missed its earnings target by 170%. HUT trades at 22x sales versus a 2x peer median. The price reflects less growth than our forecast. A 27% chance of another miss looms ahead. The 22x multiple must be earned by future results. Peer multiples imply a price about 43% below where it trades. This read is provisional.
Trailing returns as of 2026-11-04. HUT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering HUT (as of Nov 2026).
Based on 9 Wall Street analysts offering 12-month price targets for HUT in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| HUT Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across our valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No fair value published
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
This applies to all three horizons. The trailing multiples, peer comparison, and quality and trajectory reads on this page are unaffected. Names move in and out of this state day to day as the methods converge or diverge. Method agreement on this name is low.
Bottom 25% on quality vs scored peers
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put HUT next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Delivery of River Bend and Beacon Point data center campuses
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $48.94
The last 12 months of price, then the range of analyst 12-month targets from today’s $48.94.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Confirms 700MW timeline and expands buyback authorization.
Advances: Capital allocation via share buyback and debt refinancing
Strengthens capital allocation strategy through improved financing options.
Advances: Power-first development and commercialization of AI data centers
The deal enhances Hut 8's AI data center growth potential.
Settlement news positively impacts Hut 8's valuation narrative.
Advances: Development and financing of River Bend AI data center campus
Supports development of River Bend AI data center campus.
Advances: Power-first development and commercialization of AI data centers
Positive price target indicates growth potential in HPC.
Advances: Power-first development and commercialization of AI data centers
Reiteration of buy suggests confidence in growth.
Advances: Development and financing of River Bend AI data center campus
Closing bond indicates strong financing for AI campus.