Hut 8 recently participated in the H.C. Wainwright 27th Annual Global Investment Conference in New York, with CEO Asher Kevin Genoot presenting the company’s vision to institutional investors.
This event coincided with sector momentum after Nebius Group announced a five-year, US$17.4 billion GPU supply agreement with Microsoft, highlighting the growing market significance of large-scale computing infrastructure for both AI and digital assets.
We’ll examine how Hut 8’s exposure to AI infrastructure and recent pipeline expansion could shift the company’s overall investment case.
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To buy into Hut 8 as a shareholder, you need to believe the company can successfully pivot from being a pure-play Bitcoin miner to an infrastructure partner for artificial intelligence and compute-intensive industries, which could lessen its dependency on volatile crypto prices. This recent conference appearance and sector rally, sparked by the Nebius-Microsoft GPU deal, may buoy sentiment but doesn’t immediately change the biggest catalyst, the commercial buildout of Hut 8’s AI/data center pipeline, or the core risk, which remains revenue sensitivity to Bitcoin prices and execution challenges on new infrastructure projects.
Of recent company developments, the planned expansion across four new U.S. sites, adding over 1.5 GW in pipeline capacity, stands out. This is especially relevant given the market’s renewed optimism around large-scale compute and AI infrastructure, making successful execution of these projects even more important as a short-term driver for Hut 8’s investment case.
In contrast, short-term optimism does little to address Hut 8’s underlying exposure to sustained Bitcoin price swings, a risk every investor should be aware of, especially when…
Read the full narrative on Hut 8 (it’s free!)
Hut 8’s narrative projects $767.3 million in revenue and $140.6 million in earnings by 2028. This requires 76.9% yearly revenue growth and a $13.4 million decrease in earnings from the current $154.0 million.
Uncover how Hut 8’s forecasts yield a $28.60 fair value, a 8% downside to its current price.
HUT Community Fair Values as at Sep 2025
Simply Wall St Community contributors set fair value estimates for Hut 8 between US$13 and US$36, reflecting four highly varied views. While pipeline expansion is a key catalyst for bulls, much depends on how reliably the company converts these plans into recurring earnings.
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Explore 4 other fair value estimates on Hut 8 – why the stock might be worth as much as 16% more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include HUT.
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