HUT
Hut 8 Corp. Common Stock
NASDAQ: HUT · FINANCIAL SERVICES · CAPITAL MARKETS
$118.86
+2.19% today
Updated 2026-06-12
Market cap
$13.38B
P/E ratio
—
P/S ratio
47.07x
EPS (TTM)
$-2.82
Dividend yield
—
52W range
$15 – $141
Volume
4.9M
Hut 8 Corp. Common Stock (HUT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed HUT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$118.86
Today
Analyst consensus
$107.72
-9.37% · 12M
2030 Base
$460.77
+287.66% future
NPV today
$226.99
@ 17% WACC
18 analysts:
17 Buy0 Hold1 Sell
Management guidance
Hut 8 has not published explicit revenue guidance through 2030. However, management has committed to $16.8 billion in contracted AI data center lease value (base-term) across 597 MW of capacity, with 352 MW at Beacon Point generating $9.8B over 15 years (~$653M/year). River Bend (245 MW) generates ~$7.0B over 15 years (~$467M/year). These contracted commitments represent 'near-certain' revenue floors through 2041, with initial Beacon Point delivery targeted for Q3 2027.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
HUT · Hut 8 Corp. Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$197.24
NPV today: $97.17
Base case (2030)
$460.77
NPV today: $226.99
Bull case (2030)
$961.48
NPV today: $473.65
WallStSmart.com
HUT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.0B | $0.5B | $0.9B | $1.5B | $2.2B | $3.0B |
| Revenue growth | -90.7% | 139.2% | 23.6% | 25.0% | 21.0% | 17.4% |
| Net margin | — | 31.2% | 27.0% | 26.5% | 24.8% | 23.7% |
| EPS | $-2.14 | $1.38 | $2.15 | $3.50 | $4.80 | $6.25 |
| Diluted shares | — | 113M | 113M | 113M | 114M | 114M |
| Net debt | — | $746.97M | $1.20B | $1.95B | $3.05B | $4.55B |
| P/S multiple | — | 19.0x | 19.0x | 19.0x | 19.0x | 19.0x |
| Implied price (base) | — | $77.51 | $140.54 | $234.19 | $341.10 | $460.77 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $3.0B | $3.0B | $3.0B |
| P/S multiple | 9.0x | 19.0x | 38.0x |
| Diluted shares | 114M | 114M | 114M |
| Net debt | $4.55B | $4.55B | $4.55B |
| Implied P/E † | 32x | 74x | 154x |
| 2030 Price | $197.24 | $460.77 | $961.48 |
| NPV @ 17% | $97.17 | $226.99 | $473.65 |
† Implied P/E: Multiples remain elevated across all three scenarios because HUT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $460.77 base case
HUT catalysts and risks
Growth catalysts
+ Beacon Point AI data center Phase 1 (352 MW) operational delivery Q3 2027 (~$653M annualized)
+ River Bend AI data center Phase 1 (245 MW) operational delivery 2027 (~$467M annualized)
+ Potential Phase 2/3 expansions at both campuses (1 GW total capacity possible)
+ Secondary hyperscaler lease deals (repeatability of $9.8B Beacon Point model)
+ Bitcoin mining revenue stabilization + digital asset appreciation upside
+ Potential acquisition by hyperscaler or energy infrastructure player at $150-200+ per share
Key risks
- Execution risk on gigawatt-scale buildouts; historical tech capex projects face delays/overruns
- Customer concentration: single tenant represents >70% of AI data center contracted revenue; tenant default or renegotiation risk
- Bitcoin price volatility and mining profitability headwinds; unrealized losses on BTC holdings compressed Q1 2026 earnings
- Zoning/permitting delays (Logan County, Illinois moratorium mentioned; regulatory pushback on large data centers)
- Hyperscaler capex slowdown if AI ROI disappoints; customer demand for capacity could decline 2028-2030
- Rising power costs and water infrastructure capex requirements strain cash flow and returns on capital
- Competitive threat from legacy hyperscalers (AWS, Azure, Google Cloud) building internal HPC capacity
Methodology · Hut 8 Corp. Common Stock 2030 stock forecast model
Hut 8 Corp. Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for HUT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($4.55B by 2030) |
| 3. Time value | NPV calculated using 17% WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 9.0x / base 19.0x / bull 38.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
HUT price target FAQ
What is the HUT price target for 2030?
WallStSmart's Hut 8 Corp. Common Stock 2030 base case is $460.77 per share, with a bull case of $961.48 and bear case of $197.24. The NPV of the base case discounted to today at 17% WACC is $226.99.
How is the Hut 8 Corp. Common Stock 2030 stock forecast calculated?
The HUT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the HUT price target account for dilution?
Hut 8 Corp. Common Stock is projected to grow diluted share count from 113M to 114M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on HUT stock?
18 analysts cover HUT with an average 12-month price target of $107.72. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.