Hut 8 Corp. (HUT)
Summary
Hut 8: The AI Infrastructure Giant The Market Is Still Mispricing
Hut 8 Corp. is rated Buy with a 12-month target of $140-150, reflecting a deep undervaluation versus its AI infrastructure contract pipeline. HUT's $26.6B in long-term AI data center contracts and a $9.8B lease with Nvidia underpin a transformative shift from mining to digital infrastructure. Non-recourse, investment-grade project financing and a simplified balance sheet strategically differentiate HUT, reducing dilution and parent-level risk.
Hut 8: $26.6 Billion Contracted Backlog And Non-Dilutive Debt Validate The AI Pivot
Hut 8 maintains a 'Buy' rating after a 108% stock rise, driven by significant data center contract wins and robust sector momentum. HUT has secured 949 MW under 15-year triple-net contracts, totaling $26.6 billion in backlog and projected $1.75 billion average annual NOI. Recent $7.5 billion in non-convertible debt financing eliminates near-term dilution risk and supports ongoing data center buildout.
Hut 8 Q2 2026: Buy The Transition Before It Shows In Earnings
Hut 8 Corp. is transitioning from a bitcoin miner to a power-first, AI-focused infrastructure platform, emphasizing long-term, contracted cash flows. Despite a weak 2Q26 print and GAAP losses driven by bitcoin mark-to-market volatility, HUT's adjusted EBITDA improved and gross margins expanded to 64%. HUT secured $7.5 billion in non-recourse, investment-grade project financing, enabling large-scale campus buildouts without equity dilution or parent-level debt.
Hut 8 Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 180 | $3,598.09 | $16,696.8 | $13,098.71 | 364.05% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 4,081 | $471,130 | $361,535.79 | -$109,594.21 | -23.26% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 200 | $9,188 | $17,712 | $8,524 | 92.77% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 50 | $2,345.5 | $4,538.5 | $2,193 | 93.5% |
| CWC Chad W. Coulter DELPHI FINANCIAL GROUP Inc. | 42,900 | $2.01M | $3.89M | $1.88M | 93.5% |
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Hut 8 Corp. Profile
| Health Care Providers & Services Industry | Healthcare Sector | Asher Kevin Genoot CEO | NASDAQ (NGS) Exchange | 44812J104 CUSIP |
| US Country | 248 Employees | - Last Dividend | 4 Dec 2023 Last Split | - IPO Date |
