Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Hut 8's reported balance sheet has expanded nearly tenfold, from $1.1B in 2024Q2 to $10.3B in 2026Q3, yet this growth appears driven by roughly $2.8B of investment purchases rather than by durable recurring income, with net interest income negligible and non-interest income carrying the revenue base.
Price trend, volume and key moving averages
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.98+235.8% vs -$0.72 | $71M-6.2% vs $76M |
Q3 2026 Aug 4, 2026 | -$1.27-130.9% vs -$0.55 | $75M-5.6% vs $79M |
Q2 2026 May 6, 2026 | -$1.98-498.6% vs -$0.33 | $71M-9.6% vs $79M |
Q1 2026 Feb 25, 2026 | -$2.42-1516.7% vs -$0.15 | $88M-4.8% vs $93M |
Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.
Hut 8's Q3 earnings missed estimates, but $27B in AI data center leases, $7.5B in project financing and expanding power capacity highlight its growth ambitions.
Hut 8 Corp (NASDAQ:HUT) on Wednesday posted mixed results for the third quarter.
Benchmark HUT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Hut 8 Corp. (HUT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $52.65 | $5.93B | -16.31 | 54.64% | -427.29% | -24.5% | — | |
| $6.35 | $2.42B | -0.70 | 33.47% | -453.74% | -108.46% | — | |
| $16.71 | $6.32B | -4.41 | 66.36% | -215.82% | -59.47% | — | |
| $6.16 | $1.58B | -1.66 | 102.21% | -146.9% | -75.24% | 0.55% | |
| $6.55 | $2.68B | -2.66 | 25.29% | — | -155.51% | — | |
| $0.73 | $256.77M | -0.88 | -32.54% | -5.61% | -38.19% | 0.04% |
Hut 8 Corp. (HUT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Hut 8 Corp. (HUT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 4, 2026·SEC
Aug 4, 2026·SEC
Jul 20, 2026·SEC
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Hut 8 Corp. (HUT) stock FAQ — growth, dividends, profitability & financials explained
Hut 8 Corp. (HUT) revenue fell by 80.9% over the trailing twelve months, compared with the twelve months before.
No. Hut 8 Corp. (HUT) reported a net loss of $432.7M over the trailing twelve months.
Hut 8 Corp. (HUT) had a return on equity (ROE) of -24.5% over the trailing twelve months. A negative ROE means the company lost money over the period.
Hut 8 Corp. (HUT) has a net interest margin (NIM) of -1.1%. NIM has been under pressure due to interest rate environment.
Hut 8 Corp. (HUT) has an efficiency ratio of 169.4%. This is higher than peers, suggesting room for cost optimization.