HUT
Hut 8
October 8, 2026 · market open
- Rarity
- 1.23
- Peak move
- −12.29%
- Float cap
- $8.9B
Hut 8 is an energy infrastructure platform that develops, commercializes and operates power generation assets, data centers and compute capacity across the United States and Canada. It sells Bitcoin mining and ASIC colocation, managed hosting and high-performance computing capacity to institutional customers, miners and AI data center tenants, and holds a strategic Bitcoin reserve. Its sites span Alberta, Ontario, British Columbia, New York, Texas, Louisiana and Illinois.
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What we found
16 events · 0 from SEC or newswire · 0 timed with the moveearnings_releaseHut 8 scheduled its third-quarter 2026 earnings release for before market open on November 4, 2026, with a conference call and webcast at 8:30 a.m. ET.
macro_dataMinutes of the Federal Reserve's September 15-16 meeting released October 7 showed unanimous support for a 25-basis-point hike to a 3.75%-4.00% fed funds range.
analyst_ratingUBS analyst Ryan Gravett reiterated a Buy rating and $143 price target on Hut 8 after the River Bend First Look event, citing the Poolin acquisition's 230 MW of active power.
- Key event
insider_saleA Form 144 filed September 29 disclosed Hut 8 affiliate Michael Ho intends to sell 1.5 million shares worth roughly $139 million.
commodity_eventBrent crude rose above $101-$102 a barrel and WTI to about $91 after Iran stepped up attacks on tankers in the Strait of Hormuz.
geopoliticalIran stepped up attacks on tankers in the Strait of Hormuz, and an IRGC commander's adviser said the strait had been closed.
macro_dataThe U.S. 10-year Treasury yield rose to about 5.33% and the 30-year to roughly 5.70-5.73%, both 24-year highs, ahead of the Federal Reserve's September meeting minutes.
insider_saleHut 8 Director Mayo A. Shattuck III sold 20,000 shares at an average price of $100.00, a $2,000,000 transaction, leaving him 89,408 shares.
analyst_ratingNeedham analyst John Todaro maintained a Buy rating and $138 price target on Hut 8 after the River Bend site tour, citing on-schedule, on-budget construction and 245 MW of first-phase IT capacity.
- Key event
crypto_moveBitcoin fell about 2.7% to roughly $82,700-$83,840 on October 7, its lowest since October 2, amid oil spikes, rising Treasury yields and roughly $547-610 million in crypto liquidations.
analyst_ratingRoth Capital initiated or reinstated Buy coverage on Hut 8 with a $108 price target, citing its 50 MW Batavia campus and River Bend expansion.
analyst_ratingCanaccord Genuity reiterated a Buy rating on Hut 8 on October 7, 2026.
analyst_ratingRothschild & Co Redburn initiated coverage of Hut 8 with a Neutral rating and $96 price target, warning credit markets imply more risk than equity-market optimism.
- Key event
operating_metricsHut 8 said construction at its River Bend campus in West Feliciana Parish, Louisiana remained on schedule and on budget, with first-phase 245 MW of commercialized IT capacity on 330 MW of utility capacity and initial data hall delivery targeted for Q2 2027.
analyst_ratingStoneX reiterated a Buy rating on Hut 8 with a $195 price target.
acquisition_acquirerA U.S. bankruptcy court approved Hut 8's $180 million purchase of bankrupt crypto miner Poolin's Pyote and Tarbush Texas data center sites.