NASDAQ: HUT

Hut 8 (HUT) Stock Analysis & Forecast

Sep 28 close

$92.71−4.11 (−4.2%)

Gekko Brief

AI summary

Hut 8 draws attention this week after closing a $1.07 billion four-year senior secured revolving credit facility, expanding non-dilutive bank liquidity across its development pipeline. The company also disclosed 949 MW of contracted AI infrastructure across its data centers, with an estimated total contract value of $26.6 billion, alongside a $140 million agreement to acquire Poolin's Pyote and Tarbush Texas data centers. Separately, UBS analyst Ryan Gravett initiated coverage with a Strong Buy rating and a $143 price target, citing catalysts including Beacon Point's full operation, and noted a wider-than-expected Q2 2026 loss.

Shares close at $92.71, down 4.2% on the day, sitting between the 50-day average of $93.55 and the 200-day average of $79.32. The GekkoIndex reads 59.5, placing the stock in the Neutral zone. Price sits 21.5% below Gekko Fair Value of $118.14.

The next earnings date falls on 3 November 2026, 35 days out and outside a typical 20-trading-day window. Options activity shows 4 unusual signals over the last 30 days, with call premium of $23.3 million against put premium of $4.4 million. Consensus among 19 firms stands at 18 buy and 1 hold, with a consensus target of $157.09. Seasonality over 5 years shows the next 20 trading days averaging 27.3%, positive in 5 of those years, worth noting alongside the stock's typical 20-day move of 20.2%.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Hut 8 price vs fair value

$118.14$92.71Sep ’25Mar ’26Sep ’26
Close $92.71200-day averageGekko Fair Value $118.14

Hut 8 quick facts

Market cap
$10.44B
P/E ratio
—
Forward P/E
138.9
EPS, TTM
−$5.40
Revenue, TTM
$318.0M
Profit margin
-188.6%
Dividend yield
—
Beta
5.98
Volume
2.14M avg 4.43M
1-year return
+165.8%
Typical daily move
±8.4%
Typical 20-day move
±20.2%
50-day average
$93.55
200-day average
$79.32
Next earnings
Nov 3 before open
Shares outstanding
123.3M
52-week range
$31.67$140.80

Hut 8 swing-trade checklist

Hut 8 scores 4 supportive, 2 mixed and 0 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive2 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $92.71 sits between the 50-day ($93.55) and 200-day ($79.32) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    59.5, Neutral

    Reading 59.5 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    21.5% below

    Price is 21.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 30 days: 4 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 35 days

    Next report Nov 3, 2026, 35 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +27.3% on average

    From this point in the calendar, the next 20 trading days averaged +27.3% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Hut 8 stock chart and price history

Hut 8 closed at $92.71 on Sep 28, 2026, +165.8% over the past year, inside a 52-week range of $31.67 to $140.80.

Close50-day average200-day averageVolume
Hut 8 share price, past year, with 50-day and 200-day moving averages and volume$25$50$75$125NovDecJan 2026FebMarAprMayJunJulAugSep92.71

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+6.4%
3 months
−21.6%
6 months
+95.5%
1 year
+165.8%
The full HUT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open HUT in Gekko

Follow Hut 8 through every session

Put HUT on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track HUT in GekkoFree for 7 days. No credit card required.

About Hut 8

Hut 8 provides the power and computing backbone for operations that demand heavy, continuous energy use across the United States and Canada. It builds and runs digital infrastructure that supports Bitcoin mining, data center hosting, and cloud computing, and it is recognized for combining energy supply with large-scale compute capacity under one platform.

The company works through separate lines covering power, digital infrastructure, compute, and other activities. Its offerings include planning and constructing energy sites, setting up utility contracts and hosting arrangements, and handling the software, staffing, and financial work behind running these facilities. It also mines Bitcoin directly, sells and services mining hardware, and delivers colocation, ASIC compute, traditional cloud, and AI cloud services to clients that need dedicated infrastructure and hosting support.

Hut 8 was founded in 2020 and is headquartered in Miami, Florida. Its shares trade on the NASDAQ under the ticker HUT.

Listed
NASDAQ
Sector
Technology services
Industry
Data processing services
Website
hut8.com

Hut 8 GekkoIndex: the smart money zone

Hut 8’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59.5, in the Neutral zone, up 7.8 points over five sessions.

010059.5Neutral

Up 7.8 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying230.0%−4.2%+2.0%+23.0%
Accumulation201+3.9%+6.3%+7.8%+47.0%
Neutral (current zone)377+2.5%+4.8%+11.4%+29.7%
Distribution70+3.6%+11.2%+25.2%+11.0%
Selling1Too few readings yet

Average HUT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the HUT price, zone by zone.Track HUT in Gekko

Is Hut 8 stock overvalued? Gekko Fair Value

Hut 8 trades 21.5% below Gekko Fair Value of $118.14, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Hut 8 shares are worth, recalculated every trading day.

$118.14

Gekko Fair Value, Sep 29, 2026

21.5% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open HUT in Gekko

Hut 8 insider and Congress trading

No open-market insider purchases were filed for Hut 8, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for HUT in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every HUT insider filing, plotted on the chart in Gekko.Open HUT in Gekko

Congress trades last 90 days

No trades in HUT were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for HUT, plotted on the chart in Gekko.Open HUT in Gekko

Unusual options activity last 30 days

4signals, 84% of the flagged premium in calls.

Latest: Bullish flow on Sep 23, $5.52M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

4of the funds Gekko tracks hold HUT.

1added2opened1trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Hut 8 earnings: next date and track record

Hut 8 reports on Nov 3, 2026, before the open (35 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±11.1%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−3.0%Nov ’24−4.9%Mar ’25+9.7%May ’25−6.0%Aug ’25−14.5%Nov ’25−7.4%Feb ’26+25.7%May ’26−17.2%Aug ’26

Last earnings call, Aug 4, 2026 AI summary

What they said
Hut 8 presented Q2 2026 results highlighting strong operational progress and major financing milestones that validate its "power-first" infrastructure platform. Revenue grew ~81% year-over-year to $74.9M, gross margin expanded to ~64%, and adjusted EBITDA (ex-digital asset mark-to-market) was $10.4M. The GAAP net loss of $177.1M was driven primarily by a non-cash $138M digital asset mark-to-market loss. Management emphasized a repeatable, power-originated development model and announced two large project financings: a $3.25B River Bend senior secured note and a $4.25B Beacon Point senior secured note — both nonrecourse project financings with investment-grade underwriting and fully amortizing structures. Beacon Point now hosts ~704 MW contracted IT capacity (two buildings) with ~$19.6B expected base-term contract value; Building 2 added 352 MW/$9.8B of base-term value. The development pipeline stands at ~8.7 GW (up ~300 MW QoQ), with 11 sites in diligence/exclusivity. Corporate liquidity includes ~$233.6M unrestricted cash and ~$6.8B restricted cash held in project accounts (proceeds from financings), and consolidated debt of ~$7.6B that is largely nonrecourse project debt. SG&A rose to $76.1M (driven largely by $43.6M of share-based compensation) as management invests in platform capabilities. Management reiterated disciplined financing principles (asset-level self-sufficiency, optimization, disciplined equity use, preserving parent liquidity) and emphasized execution priorities (deliver River Bend and Beacon Point on schedule). They stressed continued demand from large AI/data-center tenants, inbound M&A interest, and optional behind-the-meter solutions, while noting regulatory/community engagement (e.g., Texas/Governor Abbott letter) and bitcoin market volatility as considerations.
Risks flagged
Regulatory and community scrutiny (e.g., Governor Abbott/PUC/ ERCOT inquiries), construction and execution risk (timelines, permitting, interconnection), bitcoin price volatility and digital asset mark-to-market exposure, concentrated counterparty/tenant risk during early commercialization, higher reported consolidated debt and interest costs during construction (though largely project-level nonrecourse), SG&A growth and hiring risk, supply-chain/capex inflation risk, and potential political or ratepayer-driven constraints on development (water, noise, environmental concerns).
ReportedEPSSurpriseRevenueSurpriseMove
Aug 4, 2026−$0.26
est −$0.50
+48.0%$74.93M
est $79.37M
−5.6%−17.2%
May 6, 2026−$1.98
est −$0.33
−499.8%$71.02M
est $78.53M
−9.6%+25.7%
Feb 25, 2026$0.36
est −$0.15
+340.0%$88.17M
est $92.97M
−5.2%−7.4%
Nov 4, 2025−$0.07
est −$0.16
+56.3%$83.51M
est $92.97M
−10.2%−14.5%
Aug 7, 2025−$0.14
est −$0.15
+6.7%$41.30M
est $64.70M
−36.2%−6.0%
May 8, 2025−$0.18
est −$0.12
−50.0%$21.82M
est $49.10M
−55.6%+9.7%
Mar 3, 2025$1.38
est $0.23
+500.0%$339.9M
est $33.68M
+909.0%−4.9%
Nov 13, 2024$0.01
est −$0.37
+102.7%$43.74M
est $35.62M
+22.8%−3.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Hut 8 stock forecast and analyst price targets

Analysts’ average 12-month price target for Hut 8 is $157.09, +69.4% from the last close, from 19 firms rating the stock in the last 90 days.

$157.09consensus 12-month target, +69.4% from the last close
Low $96High $273
Buy18
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 19 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 23UBSBuy, initiated$143+54.2%
Sep 21Rothschild & Co RedburnHold, initiated$96+3.5%
Sep 18Northland SecuritiesBuy, maintained$120+29.4%
Sep 17Wells FargoBuy, initiated$175+88.8%
Aug 19Freedom Capital MarketsBuy, initiated——
+11.4%average 20-day move after past Neutral readings
+27.3%average move over the next 20 trading days in the last 5 years
±8.4%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Hut 8 seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Hut 8 averaged +27.3% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+54.0%2021+17.1%2022+8.7%2023+40.4%2024+42.9%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+11.5%4 of 5
Next 10 trading days+12.6%3 of 5
Next 15 trading days+21.8%4 of 5
Next 20 trading days+27.3%5 of 5
Next 30 trading days+34.7%4 of 5

For scale, HUT’s typical 20-trading-day move in either direction is about 20.2%.

Hut 8 market cap and key statistics

Hut 8’s market cap is $10.44B and revenue of $318.0M over the last twelve months.

Valuation

Market cap
$10.44B
Forward P/E
138.9
EPS, TTM
−$5.40
Gekko Fair Value
$118.14

Trading

Volume
2.14M
Avg volume, 20 days
4.43M
52-week high
$140.80
52-week low
$31.67
Shares outstanding
123.3M

Financials

Revenue, TTM
$318.0M
Profit margin
-188.6%
Return on equity
-43.4%
Quarterly earnings growth, YoY
+6,007.0%

Risk and income

Beta
5.98
Typical daily move
±8.4%
Typical 20-day move
±20.2%

Hut 8 peers

Hut 8’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
PAYXPaychex−0.8%Buying24.5% below
VRSKVerisk Analytics−0.6%Accumulation27.1% below
JJacobs Solutions+0.7%Accumulation6.2% above
AKAMAkamai Technologies−3.4%Neutral15.4% below
IRENIREN−3.8%Neutral24.3% below
TYLTyler Technologies+1.0%Accumulation15.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Hut 8 stock FAQ

What is Hut 8’s market cap?

Hut 8’s market cap is $10.44B at the Sep 28, 2026 close of $92.71, with 123.3M shares outstanding.

What is the Hut 8 stock forecast?

The consensus analyst 12-month price target for Hut 8 is $157.09, +69.4% from the last close. Of the 19 firms that rated the stock in the last 90 days, 18 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Hut 8 stock overvalued or undervalued?

On Gekko’s estimate Hut 8 is undervalued: the Sep 28, 2026 close of $92.71 is 21.5% below Gekko Fair Value of $118.14. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Hut 8 report earnings next?

Hut 8 is expected to report on Nov 3, 2026, before the market opens (35 days away). Analysts expect earnings of −$0.81 per share on revenue of $73.78M. Hut 8 beat the earnings estimate in 6 of its last 8 reports, moving 11.1% on average across the report.

What is Hut 8’s 52-week high and low?

Hut 8’s 52-week high is $140.80 and its 52-week low is $31.67; it closed at $92.71 on Sep 28, 2026, +165.8% over the past year.

Is Hut 8 stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (fair value, smart money, earnings risk and seasonality), 2 as mixed (trend and gekkoindex). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Hut 8?

Gekko flagged 4 unusual options signals in Hut 8 over the last 30 days, with $23.28M of flagged premium in calls and $4.35M in puts. The latest, bullish flow, was on Sep 23, 2026 with $5.52M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

See Hut 8 the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,380 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.