Hut 8 Corp. Common Stock (HUT)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am a patient investor who wants consistent earning power, modest debt, and a margin of safety. Hut 8 is described as an energy-infrastructure platform for power and compute. The top line is moving: FY2025 revenue was $235.1M versus $162.4M in FY2024, and in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $74.9M versus $41.3M in fiscal Q2 2025. But profits are not. FY2024 produced net income of $331.9M and diluted EPS of $3.40, while FY2025 swung to a net loss of $226.1M and diluted EPS of -$2.14. In fiscal Q1 2026, the quarter ended 2026-03-31, net loss was $219.8M and diluted EPS was -$1.98; in fiscal Q2 2026, net loss was $150.2M and diluted EPS was -$1.27. There was a profitable fiscal Q3 2025, ended 2025-09-30, with $50.1M net income and $0.43 EPS, but consistency is absent. The FairStock calculations at the 2026-10-13 close show a negative P/E of -15.48, P/B of 7.14, ROE of -43.37%, ROCE of -9.74%, debt-to-equity of 4.37, beta of 5.98, and score of 23/100. A 7.14 times book price for negative returns offers no Graham margin of safety. The Lynch category is TURNAROUND, based on a loss after earlier profits, and Piotroski is 4/9. Since it is labeled financial services, I would want CET1, net interest margin and combined ratio, but none are in the data. I see revenue growth but no durable moat or earnings consistency.

In plain English: Hut 8 operates energy infrastructure and computing sites in the United States and Canada. The business is growing revenue, but it is losing large amounts of money and has posted very uneven profits and losses. At the recent price, the shares look expensive compared with the company's assets and its lack of consistent profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2022 10-K (period ended 2022-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer