$Hut 8 Mining(HUT.US) | 𝐇𝐮𝐭 𝟖: BTIG reiterates 𝐁𝐮𝐲, raises 𝐏𝐓 𝐭𝐨 $𝟗𝟎
Analyst sees HPC/AI transition gaining momentum, with Fluidstack-Google deal positioning HUT for multi-year contract wins and infrastructure-led growth.Source: Hardik Shah
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale t...
HUT.US fell sharply during regular trading on Wednesday, dropping approximately 5% as of 09:47 ET, with a swing of over 5% from its pre-market high to intraday low, dragged by a broad pullback in the data center sector. The stock briefly surged to $103.31 in pre-market but reversed quickly after the open, hitting a session low of $97.94. Despite Q1 2026 revenue surging 225.54% YoY to $71.02 million, net loss widened to $219.85 million, with EPS of -$1.98, a 52.11% YoY decline, indicating profitability remains elusive. The current price of $97.87 sits below both its 20-day ($109.59) and 60-day ($105.02) moving averages, and is 30.49% off its 52-week high of $140.80, though it is still up 90.89% year-to-date, likely prompting some profit-taking. A recent Bitwise report noted crypto-related stocks outperformed Bitcoin in H1 2026, keeping the sector in focus.
Hut 8 Corp. staged a strong intraday rebound, surging over 5% during regular trading from a slightly negative pre-market session, closing at $103.47, up 5.2% from the prior close of $98.33. The primary catalyst was a broad recovery in the data center sector, with ORCL and NBIS rising 3% and 2%, respectively, alongside a rebound in cryptocurrency prices that lifted peers like CRWV and IREN. Financially, Q1 2026 revenue surged 225.5% YoY to $71.02 million, yet net loss widened to $219.85 million, with EPS of -$1.98 deteriorating 52.1% YoY, underscoring persistent profitability pressures. The stock remains 26.5% below its 52-week high of $140.80 and has fallen below both its 20-day ($110.79) and 60-day ($104.71) moving averages, despite a YTD gain of 101.8%. However, post-market trading saw the stock retreat to $98.76, signaling lingering market skepticism.
Hut 8 Corp. experienced a rally-then-retreat session, driven by widened losses and technical resistance. The company reported Q1 2026 net loss of $219.8 million, widening 64.2% YoY, with EPS of -$1.98, despite revenue surging 225.54% YoY to $71.0 million. Negative net profit margin of -309.57% highlighted cost pressures. The stock rose to $101.95 in pre-market, reached an intraday high of $102.16, then fell to close at $98.24, down 3.89%. Current price is 30.23% below the 52-week high of $140.80 (June 2, 2026), below both MA20 ($112.607) and MA60 ($103.761), yet YTD still up 91.61%. However, post-market trading at $102.35 on 237,199 shares suggests lingering bullish sentiment.
HUT.US saw an intraday reversal, climbing to a high of $109.300 during pre-market before falling steadily to close at $102.220, down approximately 3.8%. The decline was driven by broad weakness in the data center sector, with multiple intraday reports indicating the sector fell broadly and HUT dropped between 3% and 4%. In its Q1 2026 earnings, operating revenue surged 225.54% YoY to $71.017 million, but net loss widened 64.2% to -$219.849 million, with a net profit margin of -309.57%. The stock now sits 27.4% below its 52-week high of $140.80 and has broken below both its 20-day ($113.509) and 60-day ($103.308) moving averages, reflecting weak price positioning; however, HUT still holds a year-to-date gain of 99.38%, and the price stabilized at $102.220 in post-market trading without further decline.
Hut 8 staged a sharp intraday rally, driven by a broad recovery in the data center sector and a Buy rating reaffirmation from Craig-Hallum. The stock dipped to $91.00 in pre-market trading before rebounding strongly to hit a high of $101.63, closing at that level for a gain of approximately 5.1%, fully erasing pre-market losses. Despite recent decoupling of Bitcoin mining stocks from BTC prices and sector divergence, the company's revenue surged 225.54% YoY to $71.017 million, highlighting growth momentum from its AI infrastructure pivot. However, the company remains unprofitable with a Q1 net loss of $219.849 million, and the current price of $101.63 sits below its 20-day moving average of $113.80, 27.8% off its 52-week high of $140.80, though YTD gains stand at 98.2%.
Data Center Stocks Fall in Overnight Trading, NBIS Down 5%, CRWV Down 4%
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$Hut 8 Mining(HUT.US) | 𝐇𝐮𝐭 𝟖: BTIG reiterates 𝐁𝐮𝐲, raises 𝐏𝐓 𝐭𝐨 $𝟗𝟎
Analyst sees HPC/AI transition gaining momentum, with Fluidstack-Google deal positioning HUT for multi-year contract wins and infrastructure-led growth.Source: Hardik Shah
