Hut 8 Corp. research snapshot
HUT AI stock analysis currently reads Hut 8 Corp. as an energy infrastructure platform that has validated its power-first model by fully commercializing the 1-GW Beacon Point campus in Texas with two 15-year investment-grade leases totaling about $19.6 billion in base-term campus value, alongside Bitcoin mining through majority-owned American Bitcoin and hosting services. The page uses a scenario framework, not a certain price prediction. At the August 3, 2026 research cutoff, the latest regular-session quote used was $107.63 (July 31, 2026 close), market capitalization was about $12.12 billion, and the main question was whether contracted NOI converts into cash and earnings before the Q2 2026 report expected on August 4. This is informational research and not investment advice.
Current price
$107.63
Market cap
$12.12 billion
AI score
58 / 100
Rating
Energy-compute platform with validated AI lease backlog
Trend status
Uptrend intact with short-term pullback
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Hut 8 monetizes energy infrastructure through Power, Digital Infrastructure, and Compute. Compute is now the dominant revenue line, and the fully contracted Beacon Point campus adds long-dated investment-grade AI lease cash flow to the mining story. | Medium-high |
| Moat | Moat now rests on power access, site control, scale (949 MW contracted), and 15-year leases with an investment-grade tenant, but delivery and execution still determine whether that advantage becomes durable cash flow. | Medium |
| Management | Management is tested by capital allocation between mining, AI buildouts, non-recourse project financing, Bitcoin-backed credit, and dilution. The July 2026 lease and the June 2026 investment-grade notes are evidence of disciplined execution. | Medium |
| Financial trend | TTM revenue rose to $284.32 million (+114.6% YoY), but TTM net loss widened to about $311.4 million and TTM EPS is about -$2.90. Q1 2026 revenue was $71.0 million with a $219.8 million net loss attributable to Hut 8. | Medium-high on reported figures |
| Valuation | At about $12.12 billion market cap and TTM EPS near -$2.90, PE is not useful. Valuation now embeds a validated AI lease backlog plus Bitcoin optionality, with PS around 42x and PB near 8.8x. | Medium-low |
| Technical trend | Price sits at $107.63, below the 50-day moving average near $111.46 but well above the 200-day near $70.04, with RSI around 51. Pullback within a strong uptrend (YTD about +134%). | Medium |
| Risk level | High. Construction and delivery delays, tenant concentration (one tenant contracted for 704 MW at Beacon Point), zoning or permitting stalls, financing and dilution, Bitcoin drawdowns, GAAP losses, beta 6.07, and short interest near 10.5% of shares. | High |
| AI confidence | Medium data confidence for quote math, revenue history, and lease details. Lower confidence for forward cash conversion and timing. | Medium data confidence |
| Investment certainty | Low to medium-low certainty because the page is a research framework, not a personalized buy or sell instruction. | Low to medium-low |
HUT AI stock forecast
The HUT AI stock forecast uses scenario ranges around the $107.63 quote rather than a point target. GAAP EPS is distorted by digital-asset fair value and heavy buildout costs, so scenario math uses a normalized EPS proxy of $3.00 with 3-year growth and PE assumptions, then converts those outputs into planning ranges. These ranges are not promises.
$210 to $288
More likely if Beacon Point energizes on schedule (Q1 2027), River Bend and Phase 2 deliveries hold, more investment-grade leases convert the 949 MW backlog to revenue, NOI turns into cash and positive earnings, and price reclaims the $116 to $133 zone on volume. Morgan Stanley’s $263 target sits inside this band.
$90 to $160
More likely if contracts progress but GAAP losses continue through the buildout, delivery slips in places, Bitcoin stays rangebound, and the stock trades around moving averages while investors wait for Q2 2026 results and cash conversion evidence.
$25 to $85
More likely if construction or permitting delays spread (the Logan Prairie, Illinois stall is a live example), tenant concentration becomes an issue, financing or dilution pressure rises, Bitcoin falls sharply, or price loses the $94 to $96 support zone and trends toward the 200-day area near $70.
HUT AI technical analysis
HUT AI technical analysis starts from the $107.63 July 31, 2026 close, the day range of about $104.62 to $116.72, and published moving averages (50-day near $111.46, 200-day near $70.04) as of August 2, 2026. Because this static page does not fetch request-time chart data, live moving averages and momentum should be confirmed in a charting tool before use.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $107.63 | July 31, 2026 regular-session close used for this page as of the August 3, 2026 data cutoff. |
| Near support | $100 to $104 | Zone near the July 31 session low and round-number support. Treat as a zone, not a guaranteed floor. |
| Next support | $94 to $96 | Prior consolidation low area. A close below this band would weaken the short-term setup. |
| Near resistance | $111 to $116 | Aligns with the 50-day moving average near $111.46 and the July 31 high near $116.72. A sustained close above this band would improve momentum. |
| 200-day moving average | About $70.04 | Longer-term trend support as of August 2, 2026. Price remained well above this zone at the cutoff. |
| Momentum | Pullback within an uptrend | RSI near 51 and price below the 50-day band point to cooling short-term momentum, not a confirmed trend break. YTD return about +134%. |
| Volume | About 4.25M average daily shares (20-day) | Average volume supports liquid trading, which can also amplify false breakouts and breakdowns. |
| Volatility | High monitoring priority | Beta about 6.07 and a 52-week range of about $18.68 to $140.80 show extreme range. Position size should tolerate wide daily movement. |
| Invalidation | Close below $94 | A decisive close below the $94 to $96 support zone would weaken the short-term setup and raise the odds of a deeper mean reversion toward the 200-day area. |
HUT AI trading strategy
The HUT AI trading strategy is a rules-based research framework. It is not personalized advice and should be paired with position sizing, stop levels, Bitcoin and power monitoring, and fresh filings or news checks.
Wait for HUT to reclaim the $111 to $116 resistance band with volume after holding above the $100 to $104 support zone. Prefer confirmation that lease delivery and financing news are not deteriorating at the same time.
A close below $94, a failed breakout back under $111, or a sharp Bitcoin drawdown should invalidate the setup.
If HUT falls toward support without a thesis break on lease delivery, power access, or financing, compare price action with the Q2 2026 earnings release expected August 4 and digital-asset mark-to-market noise.
Do not average down without a predefined maximum loss. GAAP losses can dominate the income statement even when signed contracts and revenue rise.
Track Beacon Point and River Bend delivery milestones, the 949 MW contracted backlog, NOI to cash conversion, cash and Bitcoin liquidity, Bitcoin-backed credit terms, dilution, and tenant credit concentration.
Reduce confidence when equity moves are driven only by AI-lease headlines without matching delivery, cash conversion, or balance-sheet updates.
Investment research summary
Customers pay Hut 8 for power-backed compute capacity, AI and HPC leasing, digital infrastructure, and Bitcoin mining economics. In one sentence: Hut 8 is turning scarce power into long-dated, investment-grade AI data center leases while keeping Bitcoin mining and hosting as secondary revenue.
Brand pricing power is modest. The emerging moat comes from power access, site control, development scale (949 MW contracted), and 15-year leases with escalators to an investment-grade tenant. Switching costs and network effects are limited. Technology is executional and design-led (Nvidia DSX architecture), not a durable IP monopoly. The moat widened in 2026 with the Beacon Point full commercialization, and it stays wide only if delivery matches contracts.
Failure paths include construction and permitting delays (the 500 MW Logan Prairie, Illinois stall is a live example), tenant concentration (one tenant contracted for 704 MW), financing and dilution stress, Bitcoin drawdowns, power or interconnection cost inflation, earnings opacity from digital-asset mark-to-market, and high beta making any negative surprise much larger.
Capital allocation is the core test: non-recourse investment-grade notes, Bitcoin-backed credit, a buyback program, and heavy buildout spend. June 2026’s $4.25 billion Baa2 notes and July 2026’s lease were constructive, but shares are up about 13% YoY, so dilution continues. Key-person risk exists around CEO Asher Genoot, and E. Stanley O’Neal as board chair adds governance credibility.
AI compute demand is a civilization-scale power-and-infrastructure story, and power is becoming a scarce asset. Hut 8 is a power-first developer and landlord rather than a pure Bitcoin miner. Competition from IREN, TeraWulf, CoreWeave, and others is intense, and the open question is whether Hut 8 becomes durable energy infrastructure or a construction-stage story that stalls.
At $107.63 and about $12.12 billion market cap, the market prices the validated lease backlog plus Bitcoin optionality. With TTM EPS near -$2.90, PE is not a useful margin-of-safety tool. Scenario work using a normalized $3.00 EPS proxy produced bull, base, and bear planning bands of roughly $288, $91, and $18 on pure PE math; practical trading ranges on this page are wider and less precise because earnings quality is unstable, and analyst targets span about $80 to $263.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| HUT price | $107.63 (July 31, 2026 close) | Yahoo Finance and StockAnalysis quote snapshots | August 3, 2026 |
| Market capitalization | $12.12 billion, verified as $107.63 x 112.59 million shares (0.02% variance vs reported $12.12B) | financial_rigor.py market cap verification; Yahoo Finance | August 3, 2026 |
| Shares outstanding | 112.59 million; shares change about +13.34% YoY | Yahoo Finance and StockAnalysis statistics | August 3, 2026 |
| TTM revenue and net income | Revenue $284.32 million (+114.6% YoY); net income about -$311.40 million; TTM EPS about -$2.90 | Yahoo Finance and StockAnalysis | August 3, 2026 |
| Q1 2026 revenue and net loss | Revenue $71.0 million; net loss attributable to Hut 8 $219.8 million | Yahoo Finance quarterly data | August 3, 2026 |
| FY2025 revenue and net loss | Revenue $235.1 million; net loss $248.0 million, including large primarily unrealized digital-asset losses | Hut 8 full-year 2025 results press release / PR Newswire | August 3, 2026 |
| FY2024 revenue and net income | Revenue $162.4 million; net income $331.4 million | Hut 8 FY2024 results exhibit and company release | August 3, 2026 |
| Beacon Point AI leases | Second 15-year, $9.8 billion lease (352 MW IT) fully commercializes the campus; campus base-term value $19.6 billion; portfolio $26.6 billion base-term value across 949 MW with average annual NOI above $1.75 billion | Hut 8 press release July 20, 2026 / PR Newswire | August 3, 2026 |
| Beacon Point project financing | $4.25 billion of investment-grade senior secured notes, rated Baa2, due 2042, non-recourse and non-dilutive | Hut 8 press release June 4, 2026 / PR Newswire | August 3, 2026 |
| Balance sheet | Cash $160.02 million; total debt about $422.91 million; net cash about -$262.90 million as of the latest quarter | StockAnalysis statistics | August 3, 2026 |
| Technical snapshot | 50-day MA about $111.46; 200-day MA about $70.04; RSI about 51.27; beta about 6.07; 52-week range about $18.68 to $140.80 | StockAnalysis statistics | August 3, 2026 |
| Analyst consensus | Strong Buy from 17 analysts; average price target about $156.82 with a range of about $80 to $263 | StockAnalysis and Yahoo Finance analyst data | August 3, 2026 |
| Scenario valuation input status | Three-scenario tool ran with normalized EPS proxy $3.00, growth 40%/15%/-15%, PE 35/20/10, 3 years; GAAP TTM EPS remains negative | financial_rigor.py three-scenario | August 3, 2026 |
This HUT AI stock analysis page is an informational tool only. It is not investment advice, a recommendation, or a promise of future returns. Forecast scenarios are based on available data as of August 3, 2026, may be incomplete, and can be wrong if new filings, market prices, lease delivery, power or permitting events, Bitcoin prices, company events, or macro conditions change.
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