H.C. Wainwright Reiterates Buy Rating on Hut 8 Mining Corp. (HUT)

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating and $80.00 price target on Hut 8 Mining Corp. (NASDAQ: HUT).

The analyst commented: "Hut 8 published 2025 year-end earnings pre-market yesterday, with sales of $235.1M, up from $162.4M for a 44.8% year-over-year rise; for the 4Q25 quarter, sales were $88.5M, up from $83.5M in 3Q25, or 6% sequentially, with the lion's share still driven by bitcoin mining. However, our excitement around the Hut 8 investment opportunity was clearly confirmed through the Fluidstack-Anthropic deal announcement in December and discussed Feb. 2 here, HPC Infrastructure Meteor Now Powered by Google and Deep Pipeline. Beyond that milestone, the deal capped a business transition many ex-bitcoin miners are making to focus their hard-won electrons on building HPC facilities. We have discussion regarding the bitcoin drop Feb. 2 as well, here, Intersection of Influence and Infrastructure: The Cultural Flashpoint of Trump and Bitcoin. With the migration well understood, Hut went further to detail its facility pipeline, validating it through clarity, while we compare the River Bend process to the next build at Corpus Christi within. We are maintaining our Buy rating and our $80 price target is unchanged."

For an analyst ratings summary and ratings history on Hut 8 Mining Corp. click here. For more ratings news on Hut 8 Mining Corp. click here.

Shares of Hut 8 Mining Corp. closed at $55.30 yesterday.

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