Hut 8 (HUT)

• Market cap: $1.34B
• 1 day: 11.27%
• 5 days: -4.22%
• 1 month: -8.17%
• 3 months: -40.93%
• 6 months: 11.85%
• Year to date: -40.93%
• 1 year: 19.50%
• 5 years: -39.72%
• 10 years: -39.72%
• Sector: Financials
• Industry: Finance Services

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

159% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 27

103% more call options, than puts

Call options by funds: $196M | Put options by funds: $96.7M

82% more capital invested

Capital invested by funds: $574M [Q3] → $1.05B (+$472M) [Q4]

27% more funds holding

Funds holding: 158 [Q3] → 200 (+42) [Q4]

18% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 49

3.38% more ownership

Funds ownership: 51.11% [Q3] → 54.49% (+3.38%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $23 78% upside
• Avg. target: $31 140% upside
• High target: $41 217% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Cantor Fitzgerald Brett Knoblauch 23% 1-year accuracy 18 / 77 met price target	132% upside $30	Overweight Reiterated	7 Mar 2025
Rosenblatt Chris Brendler 0% 1-year accuracy 0 / 7 met price target	78% upside $23	Buy Initiated	7 Mar 2025
Needham John Todaro 27% 1-year accuracy 20 / 73 met price target	132% upside $30	Buy Reiterated	4 Mar 2025
HC Wainwright & Co. Mike Colonnese 13% 1-year accuracy 8 / 64 met price target	132% upside $30	Buy Maintained	4 Mar 2025
Canaccord Genuity Joseph Vafi 24% 1-year accuracy 19 / 80 met price target	147% upside $32	Buy Maintained	4 Mar 2025