Hut 8 (HUT)
Market Price (2/10/2026): $56.55 | Market Cap: $6.0 BilSector: Financials | Industry: Diversified Capital Markets
Hut 8 (HUT)
Market Price (2/10/2026): $56.55Market Cap: $6.0 BilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 89% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Expensive valuation multiplesP/SPrice/Sales ratio is 9.0x, P/EPrice/Earnings or Price/(Net Income) is 29x |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 60% | Stock price has recently run up significantly6M Rtn6 month market price return is 177%, 12M Rtn12 month market price return is 172% | |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, Artificial Intelligence, and Datacenter Power. Themes include Cryptocurrency Mining, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -112% | |
| Key risksHUT key risks include [1] a reliance on digital asset appreciation for profitability over consistent operating profits, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 89% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 60% |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, Artificial Intelligence, and Datacenter Power. Themes include Cryptocurrency Mining, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 9.0x, P/EPrice/Earnings or Price/(Net Income) is 29x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 177%, 12M Rtn12 month market price return is 172% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -112% |
| Key risksHUT key risks include [1] a reliance on digital asset appreciation for profitability over consistent operating profits, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Major Data Center Lease Agreement. Hut 8 announced a significant 15-year, $7 billion data center lease agreement with Fluidstack, backed by Google, for its River Bend campus in Louisiana. This deal is projected to generate substantial net operating income and signifies a strong strategic move into the digital infrastructure sector.
2. Positive Analyst Ratings and Increased Price Targets. Several investment firms issued favorable ratings and raised their price targets for Hut 8 during this period. H.C. Wainwright initiated coverage with a "Buy" rating and an $80 target, while Benchmark analyst Mark Palmer raised his price target to $85, the highest on Wall Street, following the company's recent data center deal.
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Stock Movement Drivers
Fundamental Drivers
The 12.3% change in HUT stock from 10/31/2025 to 2/9/2026 was primarily driven by a 21.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.66 | 56.89 | 12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 550 | 668 | 21.4% |
| Net Income Margin (%) | 28.4% | 30.8% | 8.4% |
| P/E Multiple | 33.8 | 29.2 | -13.6% |
| Shares Outstanding (Mil) | 104 | 106 | -1.3% |
| Cumulative Contribution | 12.3% |
Market Drivers
10/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| HUT | 12.3% | |
| Market (SPY) | 1.7% | 55.3% |
| Sector (XLF) | 3.0% | 26.2% |
Fundamental Drivers
The 168.0% change in HUT stock from 7/31/2025 to 2/9/2026 was primarily driven by a 162.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.23 | 56.89 | 168.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 255 | 668 | 162.3% |
| P/S Multiple | 8.6 | 9.0 | 4.9% |
| Shares Outstanding (Mil) | 103 | 106 | -2.6% |
| Cumulative Contribution | 168.0% |
Market Drivers
7/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| HUT | 168.0% | |
| Market (SPY) | 10.1% | 54.0% |
| Sector (XLF) | 3.3% | 32.5% |
Fundamental Drivers
The 162.3% change in HUT stock from 1/31/2025 to 2/9/2026 was primarily driven by a 158.7% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.69 | 56.89 | 162.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 354 | 668 | 88.7% |
| Net Income Margin (%) | 49.5% | 30.8% | -37.8% |
| P/E Multiple | 11.3 | 29.2 | 158.7% |
| Shares Outstanding (Mil) | 91 | 106 | -13.6% |
| Cumulative Contribution | 162.3% |
Market Drivers
1/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| HUT | 162.3% | |
| Market (SPY) | 16.3% | 52.5% |
| Sector (XLF) | 5.9% | 40.6% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/9/2026| Return | Correlation | |
|---|---|---|
| HUT | ||
| Market (SPY) | 77.1% | 44.4% |
| Sector (XLF) | 54.3% | 33.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HUT Return | - | - | 27% | 54% | 124% | 15% | 405% |
| Peers Return | 31% | -85% | 505% | 48% | 42% | 4% | 158% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| HUT Win Rate | - | - | 100% | 58% | 75% | 50% | |
| Peers Win Rate | 44% | 33% | 67% | 47% | 62% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HUT Max Drawdown | - | - | -20% | -53% | -48% | -3% | |
| Peers Max Drawdown | -31% | -87% | -1% | -41% | -44% | -12% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RIOT, MARA, CORZ, CLSK, CIFR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/9/2026 (YTD)
How Low Can It Go
HUT has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to RIOT, MARA, CORZ, CLSK, CIFR
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
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About Hut 8 (HUT)
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Hut 8:
- 1. Barrick Gold for Bitcoin.
- 2. An Equinix that also mines Bitcoin.
AI Analysis | Feedback
- Bitcoin Mining: Operates large-scale data centers to mine Bitcoin, earning rewards for validating transactions on the blockchain.
- High Performance Computing (HPC) Services: Provides specialized computing infrastructure and solutions for complex workloads, including AI, machine learning, and data analytics.
- Managed Services (Colocation & Hosting): Offers secure data center facilities, power, and connectivity for clients to host their own digital asset mining equipment or other IT infrastructure.
AI Analysis | Feedback
Hut 8's (symbol: HUT) primary business activity, and thus its largest revenue source, is the mining of Bitcoin. This Bitcoin is then sold into the open market. While the market includes both individual and institutional buyers, Hut 8 does not have direct "major customers" in the traditional B2B sense for its mined Bitcoin. For its smaller, yet growing, Managed Services and High-Performance Computing (HPC) segments, Hut 8 serves other businesses (B2B). However, no specific major customer companies for these segments have been publicly disclosed as material in their financial filings. Given that the vast majority of its revenue (over 90%) is derived from the sale of Bitcoin into a broad and liquid market, and without direct major B2B customers disclosed for this primary activity, we will describe the categories of ultimate buyers of the Bitcoin it mines, representing its "customers" in the broader market sense.Customer Categories:
- Individual Retail Investors: These are individuals who purchase Bitcoin through various exchanges and platforms for personal investment, long-term savings, or speculative purposes. They represent a significant portion of the overall demand in the digital asset market into which Hut 8 sells its mined Bitcoin.
- Institutional Investors and Corporate Treasuries: This category includes investment funds, asset managers, hedge funds, and public or private companies that acquire Bitcoin for their investment portfolios, diversification strategies, or as part of their corporate treasury reserves. While these are entities, they function as buyers of the commodity (Bitcoin) on the open market, rather than direct B2B clients contracting services from Hut 8.
- Digital Asset Traders and Speculators: This group comprises both individual and professional trading desks that actively buy and sell Bitcoin on exchanges, seeking to profit from short-term price movements or to provide liquidity to the market.
AI Analysis | Feedback
- Bitmain
- MicroBT
AI Analysis | Feedback
Asher Genoot, Chief Executive Officer
Asher Genoot was appointed CEO of Hut 8 in February 2024. He co-founded US Bitcoin Corp (USBTC), which merged with Hut 8, and previously served as its President and Chief Operating Officer. Early in his career, he founded and managed multiple ventures in Shanghai, including an education company which he later sold. Genoot also served as a Managing Director at a brand incubator. He is a member of Young Presidents Organization and was recognized in the 2024 Forbes 30 Under 30 – Energy. He holds a Bachelor's in Business Administration from the University of Southern California, graduating summa cum laude.
Sean Glennan, Chief Financial Officer
Sean Glennan became Hut 8's Chief Financial Officer on August 21, 2024. He brings nearly 20 years of experience in financial services, having most recently served as a Managing Director in the Global Power, Utilities & Renewables group at Citigroup Global Markets' Investment Banking division. During his 13 years at Citigroup, Glennan advised on over $80 billion in M&A and capital markets activity within the power sector. His professional background aligns with Hut 8's strategic focus on energy infrastructure.
Mike Ho, Chief Strategy Officer
Mike Ho serves as the Chief Strategy Officer of Hut 8. He is also a member of the company's Board of Directors.
Victor Semah, Chief Legal Officer
Victor Semah holds the position of Chief Legal Officer at Hut 8.
Sue Ennis, Vice President, Corporate Development
Sue Ennis is the Vice President of Corporate Development at Hut 8. A Chartered Investment Manager and advocate for emerging technology and innovation, she has been instrumental in guiding digital asset companies to multi-billion market capitalization opportunities since 2016. Before joining Hut 8, Ennis worked with various blockchain and cryptocurrency startups and scale-ups, including helping to launch the commercial operations for the wealth division at Coinsquare. She also served as a fintech innovation leader and board member for the FICANEX group of companies during its acquisition by Prodigy labs in 2021. Prior to 2016, she accumulated a decade of experience in the financial services and fintech sectors.
AI Analysis | Feedback
The public company Hut 8 (HUT) faces several significant risks, primarily stemming from the volatile nature of the cryptocurrency market and the capital-intensive demands of its operations.
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Bitcoin Price Volatility: Hut 8's financial performance and the value of its substantial Bitcoin reserve are highly dependent on the unpredictable and volatile price of Bitcoin. Significant fluctuations in Bitcoin's market price directly impact the company's net income and the overall strength of its balance sheet.
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Operational Risks and Energy Infrastructure Challenges: The company's business is subject to various operational risks, including equipment failures, power outages, and cybersecurity breaches, which can disrupt mining activities and lead to revenue loss. Furthermore, expanding and managing its energy infrastructure, a strategic pivot for the company, involves potential delays, cost overruns, and power sourcing issues.
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Reliance on Digital Asset Appreciation and Shareholder Dilution: There are concerns that Hut 8's profitability has been significantly driven by the appreciation in the value of its digital assets rather than consistent operating profits from its core or diversified businesses. To fund its operations and growth, the company has at times resorted to issuing new shares, which leads to the dilution of existing shareholders' ownership and a reduction in their share of future earnings.
AI Analysis | Feedback
The emergence and increasing maturity of Decentralized Physical Infrastructure Networks (DePINs) pose an emerging threat to Hut 8's High-Performance Computing (HPC) and data center services segment. DePINs utilize blockchain technology to incentivize and coordinate globally distributed, often underutilized, hardware resources (such as GPUs for AI/rendering or storage capacity) to create decentralized networks for computing, storage, and other infrastructure services. This model presents a disruptive alternative to traditional, centralized data centers like those operated by Hut 8. As these networks grow, they could offer more flexible, potentially lower-cost, and censorship-resistant solutions for specific workloads, siphoning market share or exerting pricing pressure on traditional providers. This parallels historical disruptions where new business models or platforms (e.g., Netflix vs. Blockbuster, Uber vs. Taxis) challenged established industries.
AI Analysis | Feedback
Hut 8 (HUT) operates in several key markets:
- Digital Asset Mining (primarily Bitcoin mining): The global cryptocurrency mining revenue is projected to reach approximately $20.4 billion in 2025, with Bitcoin mining contributing an estimated $13.5 billion. The global Bitcoin miner market size was valued at USD 11.19 billion in 2024 and is projected to reach USD 14.17 billion in 2025, with a forecast to grow to USD 94.14 billion by 2033. North America is a significant region, with the U.S. leading with 44% of Bitcoin's global hash rate.
- High-Performance Computing (HPC) Colocation and Cloud: The global high-performance computing market size was estimated at USD 57.00 billion in 2024 and is projected to reach USD 87.31 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.2% from 2025 to 2030. North America dominated the global HPC market, accounting for a revenue share of 41.6% in 2024.
- Managed Services: The global managed services market size was estimated at USD 335.37 billion in 2024 and is projected to reach USD 731.08 billion by 2030, exhibiting a CAGR of 14.1% from 2025 to 2030. North America held the largest market share in the managed services industry, exceeding 33% in 2024.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Hut 8 over the next 2-3 years:- Expansion of Energy Infrastructure and New Site Development: Hut 8 plans to develop four new sites across the United States, which will add over 1.5 gigawatts (GW) of power capacity and position its total platform to exceed 2.5 GW across 19 sites upon commercialization. This significant expansion is designed to meet growing demand from energy-intensive applications.
- Growth in High-Performance Computing (HPC) and GPU-as-a-Service: The company is strategically expanding into high-performance computing (HPC) and its GPU-as-a-Service offerings, targeting AI-focused businesses. This diversification is anticipated to generate substantial annualized revenue and provide a hedge against the volatility of Bitcoin.
- Optimized and Expanded Bitcoin Mining Operations: Hut 8 is focused on enhancing its Bitcoin mining capabilities through strategic investments, including an ASIC fleet upgrade in Q1 2025. This upgrade is expected to increase the self-mining hash rate by 66% and improve overall fleet efficiency. The expansion of Bitcoin mining revenue through American Bitcoin was a primary driver for the Compute segment's growth in Q3 2025.
- Growth in Managed Services: Revenue from Hut 8's managed services segment has experienced significant year-over-year growth. This segment, which involves managing energy and infrastructure for other clients, is expected to continue contributing positively to the company's revenue streams.
AI Analysis | Feedback
Share Repurchases
- In December 2024, Hut 8 authorized a stock repurchase program of $250 million, allowing for the repurchase of up to 4,683,936 shares, representing 5% of its outstanding common stock, over a 12-month period.
Share Issuance
- Hut 8 launched a new At-The-Market (ATM) equity program in August 2025, with the ability to raise up to $1 billion through stock sales.
- A prior $500 million ATM program, launched in December 2024, was terminated in August 2025 after selling approximately $275.5 million worth of shares (9.8 million shares at an average price of $28.23).
- Shares were issued to holders of U.S. Data Mining Group, Inc. (USBTC) as part of the business combination agreement dated February 6, 2023, which resulted in the merger of Hut 8 Mining Corp. and USBTC into Hut 8 Corp.
Outbound Investments
- Hut 8 completed the go-public transaction for American Bitcoin, which became a majority-owned subsidiary, effectively transitioning Hut 8's Bitcoin mining operations to American Bitcoin starting April 1, 2025.
- The company holds a 50% membership interest in the King Mountain Joint Venture.
- Hut 8's merger with U.S. Data Mining Group, Inc. (USBTC) in February 2023 was a significant acquisition, with USBTC becoming a wholly-owned subsidiary of Hut 8 Corp.
Capital Expenditures
- Hut 8's annual capital expenditures were $164 million in 2024, $600K in 2023, and $72.7 million in 2022.
- Capital expenditures for the first quarter of 2025 totaled $63.3 million, primarily focused on fleet upgrades and infrastructure projects such as the Vega data center and initial site work at River Bend.
- The company is developing four new large-scale infrastructure sites across the U.S., advancing 1,530 megawatts of capacity, including a $2.5 billion artificial intelligence data center in Louisiana, with the first building expected to be finished by the end of 2025.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.87 |
| Mkt Cap | 5.6 |
| Rev LTM | 653 |
| Op Inc LTM | -163 |
| FCF LTM | -898 |
| FCF 3Y Avg | -532 |
| CFO LTM | -343 |
| CFO 3Y Avg | -173 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 60.7% |
| Rev Chg 3Y Avg | 82.7% |
| Rev Chg Q | 102.2% |
| QoQ Delta Rev Chg LTM | 16.4% |
| Op Mgn LTM | -49.2% |
| Op Mgn 3Y Avg | -42.7% |
| QoQ Delta Op Mgn LTM | 4.2% |
| CFO/Rev LTM | -76.2% |
| CFO/Rev 3Y Avg | -48.4% |
| FCF/Rev LTM | -138.5% |
| FCF/Rev 3Y Avg | -155.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.6 |
| P/S | 8.6 |
| P/EBIT | -4.5 |
| P/E | -2.2 |
| P/CFO | -7.4 |
| Total Yield | 1.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -19.6% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.8% |
| 3M Rtn | -14.1% |
| 6M Rtn | 31.2% |
| 12M Rtn | 38.1% |
| 3Y Rtn | 342.0% |
| 1M Excs Rtn | -2.1% |
| 3M Excs Rtn | -21.9% |
| 6M Excs Rtn | 22.9% |
| 12M Excs Rtn | 24.0% |
| 3Y Excs Rtn | 243.0% |
Price Behavior
| Market Price | $56.89 | |
| Market Cap ($ Bil) | 6.0 | |
| First Trading Date | 12/04/2023 | |
| Distance from 52W High | -11.9% | |
| 50 Days | 200 Days | |
| DMA Price | $51.07 | $33.35 |
| DMA Trend | up | up |
| Distance from DMA | 11.4% | 70.6% |
| 3M | 1YR | |
| Volatility | 120.1% | 99.6% |
| Downside Capture | 507.52 | 386.73 |
| Upside Capture | 573.54 | 437.15 |
| Correlation (SPY) | 52.4% | 52.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.85 | 3.42 | 4.73 | 4.64 | 2.55 | 0.04 |
| Up Beta | -2.97 | 1.86 | 4.73 | 3.45 | 1.71 | -0.26 |
| Down Beta | 1.69 | 0.32 | 3.77 | 4.00 | 2.06 | -0.50 |
| Up Capture | 747% | 850% | 780% | 1910% | 3142% | 11298% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 24 | 35 | 79 | 131 | 274 |
| Down Capture | 355% | 408% | 380% | 299% | 168% | 113% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 17 | 26 | 46 | 117 | 258 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUT | |
|---|---|---|---|---|
| HUT | 169.2% | 99.4% | 1.45 | - |
| Sector ETF (XLF) | 4.6% | 19.2% | 0.11 | 41.0% |
| Equity (SPY) | 15.5% | 19.4% | 0.62 | 52.7% |
| Gold (GLD) | 78.8% | 24.9% | 2.30 | 13.2% |
| Commodities (DBC) | 9.9% | 16.6% | 0.40 | 30.5% |
| Real Estate (VNQ) | 4.8% | 16.5% | 0.11 | 19.9% |
| Bitcoin (BTCUSD) | -27.0% | 44.8% | -0.57 | 52.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUT | |
|---|---|---|---|---|
| HUT | 40.1% | 106.5% | 1.22 | - |
| Sector ETF (XLF) | 14.3% | 18.7% | 0.63 | 33.9% |
| Equity (SPY) | 14.2% | 17.0% | 0.67 | 44.4% |
| Gold (GLD) | 22.3% | 16.9% | 1.07 | 11.3% |
| Commodities (DBC) | 11.6% | 18.9% | 0.49 | 19.2% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 20.6% |
| Bitcoin (BTCUSD) | 14.7% | 58.0% | 0.47 | 53.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUT | |
|---|---|---|---|---|
| HUT | 18.3% | 106.5% | 1.22 | - |
| Sector ETF (XLF) | 14.0% | 22.2% | 0.58 | 33.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 44.4% |
| Gold (GLD) | 15.8% | 15.5% | 0.85 | 11.3% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 19.2% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 20.6% |
| Bitcoin (BTCUSD) | 69.0% | 66.8% | 1.08 | 53.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | -12.5% | -14.2% | -22.2% |
| 8/7/2025 | -3.2% | 8.1% | 22.7% |
| 3/3/2025 | -4.5% | -8.4% | -21.2% |
| 11/13/2024 | 3.9% | 6.1% | 14.5% |
| 8/13/2024 | -3.8% | 7.3% | -7.1% |
| 3/28/2024 | 12.0% | -1.7% | -10.6% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 4 | 3 | 4 |
| Median Positive | 7.9% | 7.3% | 18.6% |
| Median Negative | -4.2% | -8.4% | -15.9% |
| Max Positive | 12.0% | 8.1% | 22.7% |
| Max Negative | -12.5% | -14.2% | -22.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-KT |
| 09/30/2023 | 12/19/2023 | 10-Q |
| 06/30/2023 | 11/09/2023 | 424B3 |
| 03/31/2023 | 06/13/2023 | S-4/A |
| 12/31/2022 | 04/18/2023 | S-4/A |
| 09/30/2022 | 02/13/2023 | S-4 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Flinn, Joseph | Direct | Sell | 8292025 | 26.63 | 1,500 | 39,939 | 487,018 | Form | |
| 2 | Flinn, Joseph | Direct | Sell | 8292025 | 26.55 | 8,500 | 225,675 | 259,951 | Form | |
| 3 | Glennan, Sean Joseph | Chief Financial Officer | Direct | Sell | 8252025 | 22.09 | 6,060 | 133,839 | 139,029 | Form |
| 4 | Flinn, Joseph | Direct | Sell | 6232025 | 15.77 | 11,069 | 174,585 | 312,152 | Form | |
| 5 | Semah, Victor | Chief Legal Officer | Direct | Sell | 5052025 | 12.95 | 11,363 | 147,186 | 203,856 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.