How to Buy Hut 8 Stock
Hut 8 Corp
Hut 8 Corp Hut 8 Corp. is a vertically integrated operator of large-scale energy infrastructure and Bitcoin miners.
Hut 8 stock last closed at $17.48, down 4.79% from the previous day, and has increased 51.87% in one year. It has overperformed other stocks in the Capital Markets industry by 0.23 percentage points. Hut 8 stock is currently +100.21% from its 52-week low of $8.73, and -45.29% from its 52-week high of $31.95.
At the moment, there are 104.22M HUT shares outstanding. The market cap of HUT is $1.82B. In the last 24 hours, 4.83M HUT shares were traded.
How to Buy Hut 8 Stock
Not sure how to invest in Hut 8 stock? Here's how.
- Figure out where to buy Hut 8 stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Hut 8 stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Evaluate Hut 8 stock: The Hut 8 ticker symbol is HUT. Is Hut 8 stock a good investment? Should you buy shares of HUT? How do HUT's underlying business fundamentals look? Do top analysts think Hut 8 is a good buy? Why has HUT's stock price moved recently? (Hint: Our stock research tools can help you evaluate if HUT is a good stock to buy).
- Execute your HUT purchase: Decide if you will purchase HUT shares at the current market price or use a limit order to purchase HUT stock at a given price.
- Monitor your HUT position: Create a watchlist to important updates regarding your position in Hut 8 stock.
Step 1: Figure out where to buy Hut 8 stock
You will need a brokerage account to access the NASDAQ market and buy HUT shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can invest in HUT today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on app for investing, you need to deposit funds:
Watch the walkthrough below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Hut 8 stock
Once you have decided on the best place to buy Hut 8 stock, it's critical to evaluate their stock prior to buying, so you can comprehend the risk and opportunity.
Hut 8 stock data
HUT Due Diligence Score
WallStreetZen was built to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on HUT's stock page.
Is HUT stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge HUT's true value.
Using relative valuations ratios:
- HUT may be undervalued based on its P/B ratio of 1.9x, relative to Capital Markets industry P/B ratio of 2.32x
You can access more valuation research on HUT's stock here.
HUT Financial Health Overview
Signs that HUT is financially healthy:
- There are more short-term assets than short-term liabilities on the HUT balance sheet.
Signs that HUT is not financially healthy:
- HUT has $130.37M in cash and short term investments. This is not enough to cover its annual cash burn of $286.30M.
- HUT profit margin has gone down from 565.3% to -39.9% in the past year.
- There are more long-term liabilities than short-term assets on the HUT balance sheet.
- HUT has a relatively high debt to equity ratio of 0.61.
- HUT has cash burn of 286304000. It does not have enough cash and short-term investments to cover this.
Is HUT stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 12 sell side analysts who give ratings on HUT, the consensus analyst rating on Hut 8 is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent HUT Analyst Forecasts
Matthew Galinko, a top 23% analyst from Maxim Group initiates coverage on HUT with a strong buy rating and announces their HUT price target of $20.00, on May 1, 2025.
Mike Grondahl, a top 12% analyst from Northland Securities initiates coverage on HUT with a buy rating and announces their HUT price target of $20.00, on Apr 21, 2025.
Gregory Lewis, a top 6% analyst from BTIG initiates coverage on HUT with a strong buy rating and announces their HUT price target of $18.00, on Apr 14, 2025.
Mark Palmer, a top 1% analyst from Benchmark maintains HUT with a strong buy rating and lowers their HUT price target from $41.00 to $33.00, on Apr 2, 2025.
Brett Knoblauch, a bottom 4% analyst from Cantor Fitzgerald reiterates HUT with a strong buy rating and maintains their HUT price target from $30.00 to $30.00, on Mar 7, 2025.
You can dive deeper into what analysts are forecasting on the Hut 8 stock forecast page.
HUT Technicals
HUT Performance Numbers
Last year, HUT revenue was $132.46M. Over the last 1 years, HUT's revenue has grown by 71.5% per year. This was faster than the Capital Markets industry average of 16.71%.
You can research HUT's earnings and revenue performance here.
Who is buying/selling HUT?
Over the last 12 months, insiders at HUT have bought more shares than they have sold.
Victor Semah, Chief Legal Officer of HUT, was the latest HUT insider to sell. They sold $147,184.94 worth of HUT stock on May 5, 2025.
Learn more about who owns HUT shares here.
Can I rely on HUT as an income stream?
No, Hut 8 doesn't provide an income stream by paying out dividends.
What do other investors have to say about HUT?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your HUT purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you require more help with investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your HUT position
Now that you own some HUT stock, you'll want to keep up with your shares.
Make a watchlist to keep tabs on your HUT stock.
HUT Feed
How to Buy Stock in Hut 8
To reiterate, here are the 6 steps for buying Hut 8 stock:
- Figure out where to buy Hut 8 stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Hut 8 stock
- Execute your HUT purchase
- Monitor your HUT position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your investment in Hut 8, click below.
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