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 $11.19, up 0.99% from the previous day, and has increased 50.4% in one year. It has overperformed other stocks in the Capital Markets industry by 0.33 percentage points. Hut 8 stock is currently +45.89% from its 52-week low of $7.67, and -64.98% from its 52-week high of $31.95.
At the moment, there are 103.86M HUT shares outstanding. The market cap of HUT is $1.16B. In the last 24 hours, 4.26M 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/E ratio of 3.02x, relative to Capital Markets industry P/E ratio of 18.89x
- HUT could be undervalued based on its P/B ratio of 1.19x, relative to Capital Markets industry P/B ratio of 1.96x
- HUT may be undervalued based on its PEG ratio of 0.08x
You can do more valuation analysis on HUT's stock here.
HUT Financial Summary
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 cash burn of 227286000. It does not have enough cash and short-term investments to cover this.
- HUT has $103.71M in cash and short term investments. This is not enough to cover its annual cash burn of $227.29M.
- There are more long-term liabilities than short-term assets on the HUT balance sheet.
- HUT profit margin has gone down from 493.6% to 204.4% in the past year.
- HUT has a relatively high debt to equity ratio of 0.55.
Do Wall Street analysts think it's a good time to buy HUT stock
Out of 10 Equities analysts who monitor HUT, the consensus analyst rating on Hut 8 is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent HUT Analyst Recommendations
Mike Colonnese, a top 34% analyst from HC Wainwright & Co. maintains HUT with a buy rating and lowers their HUT price target from $35.00 to $30.00, on Mar 4, 2025.
Joseph Vafi, a top 3% analyst from Canaccord Genuity maintains HUT with a strong buy rating and maintains their HUT price target from $32.00 to $32.00, on Mar 4, 2025.
Patrick Moley, a top 5% analyst from Piper Sandler initiates coverage on HUT with a strong buy rating and announces their HUT price target of $33.00, on Dec 17, 2024.
Stephen Glagola, a bottom 6% analyst from Jones Trading initiates coverage on HUT with a strong buy rating and announces their HUT price target of $36.00, on Dec 12, 2024.
George Sutton, a top 14% analyst from Craig-Hallum maintains HUT with a buy rating and raises their HUT price target from $15.00 to $32.00, on Nov 14, 2024.
You can dig deeper into what analysts are saying on the Hut 8 stock forecast page.
HUT Technicals
HUT Growth Metrics
Last year, HUT earnings were $331.88M. Over the past one years, HUT's earnings have increased by 50.81% per year. This was faster than the Capital Markets industry average of 24.96%.
Last year, HUT revenue was $162.39M. Over the last one years, HUT's revenue has increased by 294.7% per year. This was faster than the Capital Markets industry average of 18.62%.
Learn more about HUT's earnings and revenue performance here.
What are HUT insiders up to?
In the past 12 months, executives and large shareholders at HUT have bought more shares than they have sold.
Amy Marie Wilkinson, Director of HUT, was the latest HUT insider to buy. They bought $95,863.95 worth of HUT shares on Mar 28, 2025.
Learn more about who owns HUT shares here.
Does HUT stock generate passive income?
No, Hut 8 doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your HUT purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you want additional info about investing in stocks on eToro, click the how to video below:
Step 6: Monitor your HUT position
Now that you own some HUT shares, you'll want to stay up-to-date on your new stock purchase.
Put HUT on a watchlist to get alerted to the latest events about 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 require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Hut 8, hit the button below to create your watchlist.
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