Hut 8 (HUT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Hut 8 has executed a successful transformation from Bitcoin mining to digital infrastructure, validated by strong Q1 results and repeatable project finance. Gross margin expanded from 14% to 64% YoY, driven by compute segment growth and high-margin digital infrastructure contracts with investment-grade tenants. Two major AI data center leases (River Bend and Beacon Point) secure $16.8B in contracted revenue, with a project finance model proven by two investment-grade bonds.
HUT's AI infrastructure push, Bitcoin exposure and stronger execution make it stand out against MSTR's Bitcoin-driven volatility.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 168 | $3,035.15 | $16,422 | $13,386.85 | 441.06% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 200 | $9,188 | $19,550 | $10,362 | 112.78% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 50 | $2,345.5 | $4,820.5 | $2,475 | 105.52% |
| CWC Chad W. Coulter DELPHI FINANCIAL GROUP Inc. | 42,900 | $2.01M | $4.19M | $2.18M | 108.38% |
Daniel Loeb | 869,563 | $40.79M | $85.6M | $44.81M | 109.86% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Mark Palmer Benchmark | 3,365.33 | $330,912.5 | $309,307.11 | -$21,605.39 | -6.53% |
| JV Joseph Vafi Canaccord Genuity | -1,478.25 | $63,455.46 | $140,212.43 | -$76,756.97 | -120.96% |
| Health Care Providers & Services Industry | Healthcare Sector | Asher Genoot CEO | NASDAQ (NGS) Exchange | 44812J104 CUSIP |
| US Country | 248 Employees | - Last Dividend | 4 Dec 2023 Last Split | - IPO Date |