Hut 8 Reports Fourth Quarter and Full Year 2024 Results
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of $31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 megawatts (“MW”) as of December 31, 2024.12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.Strategic Bitcoin reserve of 10,171 Bitcoin with a market value of $949.5 million as of December 31, 2024. MIAMI, March 03, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, e
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HUT
News
- Hut 8 (NASDAQ:HUT) had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Craig Hallum.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $65.00 price target on the stock.MarketBeat
- Hut 8 (NASDAQ:HUT) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.MarketBeat
HUT
Earnings
- 11/4/25 - Beat
HUT
Sec Filings
- 11/4/25 - Form 4
- 11/4/25 - Form 4
- HUT's page on the SEC website