Core Viewpoint - Hut 8 Corp. is expected to report its fourth-quarter 2024 results on March 3, 2025, with a consensus estimate for sales at $34.85 million and a loss of 18 cents per share [1][2]. Group 1: Financial Performance Expectations - The fourth-quarter performance is anticipated to benefit from cost optimization efforts and growth in the GPU-as-a-Service business [3]. - Hut 8's GPU-as-a-Service segment, Highrise AI, is expected to continue generating revenues, supported by fixed infrastructure payments and revenue share agreements [3]. - The company has successfully reduced energy costs by nearly 28% in previous quarters, which is expected to enhance profitability further [4]. Group 2: Business Growth Drivers - Hut 8's data center business, including Tier I and Tier III facilities, is likely to contribute to overall revenues and operational growth, particularly through the Vega project and AI infrastructure development [5]. - The managed services segment, including partnerships with companies like Ionic Digital, is expected to drive revenue growth, providing a stable revenue stream alongside the more volatile cryptocurrency mining business [6]. Group 3: Market Performance - Hut 8 shares have increased by 83.8% over the past 12 months, outperforming the Zacks Finance sector's 20.1% and the Financial – Miscellaneous Services industry's 9% [7]. - Compared to industry peers, Hut 8 has outperformed companies like Coinbase Global, LendingClub, and Columbia Financial in the same timeframe [9]. Group 4: Valuation and Market Position - Hut 8's stock is currently trading at a forward Price/Sales ratio of 4.36, which is higher than the Zacks industry average of 2.67, indicating a stretched valuation [11]. - The company is expanding its cryptocurrency mining operations through a partnership with BITMAIN, which aims to enhance mining capabilities and revenue potential [13]. Group 5: Operational Challenges - Hut 8's performance is closely tied to Bitcoin prices, making it vulnerable to market volatility, which can significantly impact earnings and cash flow [16][17]. - The company faces regulatory risks and macroeconomic uncertainties that could affect its operations in energy and cryptocurrency sectors [18]. Group 6: Overall Assessment - Hut 8 has shown remarkable growth driven by a diversified business model and strategic investments, but its heavy reliance on Bitcoin and overvalued stock price raise concerns [19][20].

Core Viewpoint - Hut 8 Corp. is set to release its financial results for the full year of 2024 on March 3, 2025, and will host a conference call to discuss these results [1][2]. Company Overview - Hut 8 Corp. operates as a vertically integrated energy infrastructure operator and is one of North America's largest Bitcoin miners, with operations including self-mining, hosting, managed services, and traditional data center operations [5]. - The company is headquartered in Miami, Florida, and has a diverse portfolio consisting of fifteen sites, including five Bitcoin mining and hosting sites, five high-performance computing data centers, and four power generation assets [5]. Upcoming Events - A conference call and webcast to review the financial results will take place on March 3, 2025, at 8:30 a.m. ET [2]. - The company will provide supplemental materials and financial information on its website to accompany the discussion of its results [3]. - Upcoming conferences include the Maxim Group Digital Assets 2025 Conference on February 12, 2025, and the 37th Annual ROTH Conference from March 16-18, 2025 [6].

Core Viewpoint - Hut 8 Corp. is nearing completion of infrastructure upgrades in anticipation of new miner deliveries, positioning itself for growth in the Bitcoin mining sector with a focus on optimizing returns and expanding its digital infrastructure [1][2]. Group 1: Infrastructure and Operations - The Vega project, with a capacity of 205 MW, is on track for energization in Q2 2025, supporting a colocation agreement with BITMAIN for approximately 15 EH/s [2][4]. - The company is currently managing a total energy capacity of 665 MW, with 115.3K deployed miners and a total hashrate of 12.7 EH/s as of January 2025, showing a decrease from December 2024 figures [3][5]. - Infrastructure upgrades have caused some downtime, but the company is focused on optimizing returns from its existing fleet, particularly at the Alpha site where power prices were elevated [2][4]. Group 2: Self-Mining and Bitcoin Production - In January 2025, the company deployed 47.1K miners for self-mining, producing 65 BTC, a decrease from 89 BTC in December 2024 [5][6]. - The total Bitcoin held in reserve increased slightly to 10,208 BTC from 10,171 BTC in the previous month [5][6]. Group 3: Energy Infrastructure and Revenue Streams - Hut 8 operates multiple sites with a total energy capacity of 1,020 MW across various locations, including Texas and Alberta, with a mix of self-mining, managed services, and hosting capabilities [6][9]. - The company anticipates generating revenue from the Vega site starting in Q2 2025, contributing to its overall revenue streams [6][9].

Core Viewpoint - Hut 8 Corp. has experienced significant stock appreciation, outperforming both the finance sector and its industry peers, driven by its innovative infrastructure and strategic investments in Bitcoin reserves [1][2][8]. Group 1: Stock Performance - Hut 8 Corp. shares have increased by 170.3% over the past 12 months, compared to a 24.3% increase in the Zacks Finance sector and a 19% increase in the Zacks Financial – Miscellaneous Services industry [1]. - The company's stock performance has surpassed competitors such as Virtu Financial, LendingClub, and Columbia Financial during the same period [1]. Group 2: Business Model and Infrastructure - Hut 8 is leveraging cutting-edge infrastructure that supports Bitcoin mining, cloud services, colocation, and high-performance computing solutions for enterprise clients [2]. - The company is capitalizing on the rising demand for AI workloads through its GPU-as-a-Service business and innovative data center infrastructure [5]. - Hut 8's "power first" strategy focuses on securing high-quality power assets, enabling rapid scaling and monetization of energy resources [6]. - The Tier I Vega data center features advanced technologies, allowing Hut 8 to maintain low development costs while bridging the gap between different data center tiers [7]. Group 3: Bitcoin Reserves and Strategic Growth - Hut 8 is expanding its Bitcoin reserves through low-cost mining operations and strategic purchases, recently acquiring approximately 990 Bitcoin for $100 million, bringing its total reserves to 10,096 Bitcoin valued at over $1 billion [8]. - The company plans to utilize its Bitcoin reserves to support an innovative financing plan for upgrading mining equipment and is expanding its development pipeline with over 6 gigawatts of potential capacity [9]. - Collaborations with industry leaders like BITMAIN are enhancing Hut 8's technological capabilities, with plans to upgrade 111 megawatts of self-mining capacity in early 2025 [10]. Group 4: Financial Outlook - The Zacks Consensus Estimate for Hut 8's 2025 earnings is 33 cents per share, indicating an 82.07% year-over-year decline, while revenues are expected to surge by 84.32% to $305.15 million [13]. - Hut 8's stock is currently considered overvalued, with a Value Score of F and a forward price/sales ratio of 6.01X, significantly higher than the sector's average of 2.75X [15]. Group 5: Conclusion - Hut 8 has shown remarkable growth driven by its diversified business model and strategic investments, but its heavy reliance on Bitcoin and exposure to regulatory risks raise concerns [18]. - The company's Growth Score of C suggests that the stock may not be attractive for growth-oriented investors [18].

Core Insights - Pizza Hut has released its second annual Pizza Trends Report, highlighting consumer pizza eating habits and industry trends for 2025, indicating a continued love for pizza among Americans [1][2] - The report predicts that 32% of people expect to eat more pizza in 2025 compared to 2024, with a growing interest in unique flavors and pizza pairings [2][7] Consumer Preferences - The average American consumes 288 slices of pizza annually, totaling approximately 95 billion slices nationwide, equivalent to 240,000 Olympic-sized swimming pools [6][7] - 59% of Americans believe that pizza and wings are the ultimate pairing, with 71% occasionally ordering wings with their pizza [6][13] - Ranch is the most popular dipping sauce, with 38% of respondents preferring it, followed by garlic sauce (27%) and marinara sauce (23%) [14] Toppings and Flavors - Mushrooms (57%) are the most popular unique topping, followed by garlic (41%) and pineapple (38%) [14] - There is a notable interest in global flavors, with 37% of Americans wanting to try Mexican-inspired pizza and 21% interested in Greek-inspired pizza [14] Eating Habits - Nearly half of respondents (44%) consider eating pizza with a fork a "food crime," and 57% enjoy cold pizza as leftovers [14] - Friday is the most popular day for pizza consumption, with 43% of people choosing to eat pizza on that day [14] Market Position - Pizza Hut has a strong heritage of innovation in the pizza industry, having introduced iconic products like the Original Pan® Pizza and Original Stuffed Crust® [3][17] - The company operates over 19,000 restaurants in more than 100 countries, emphasizing its commitment to digital ordering and customer experience [17]

Core Insights - Hut 8 Corp. is set to begin miner shipments in January 2025, aiming to enhance fleet efficiency to an average of 19.9 J/TH [2][4] - The 205 MW Vega project is on track for energization in Q2 2025, which will support the company's self-mining operations [2][4] Operational Metrics - Total energy capacity under management decreased from 967 MW in November 2024 to 665 MW in December 2024 [4] - Total deployed miners under management fell from 201.1K in November 2024 to 121.4K in December 2024 [5] - Total hashrate under management decreased from 21.0 EH/s in November 2024 to 13.2 EH/s in December 2024 [5] - Bitcoin production slightly declined from 94 BTC in November 2024 to 89 BTC in December 2024, while Bitcoin held in reserve increased from 9,122 BTC to 10,171 BTC [5] Infrastructure Developments - The company is upgrading infrastructure at existing sites to prepare for new miner deliveries [2][4] - The Vega site is expected to implement a rack-based Tier I data center architecture, aiming for an average fleet efficiency of 15.7 J/TH by Q2 2025 [2][4] Future Projects - Hut 8 is focusing on high-impact projects in both AI and Bitcoin mining, with several large-scale AI data center developments in various stages [2][4] - The company anticipates that the Vega site will create a path to approximately 24 EH/s of self-mining hashrate [2][4]

Core Viewpoint - Hut 8 Corp. has strategically increased its Bitcoin reserve by purchasing approximately 990 Bitcoin for around $100 million, bringing its total reserve to 10,096 Bitcoin valued at over $1 billion, positioning it among the top ten corporate Bitcoin holders globally [1][2]. Group 1: Bitcoin Purchase and Reserve - The recent purchase of 990 Bitcoin was made at an average price of approximately $101,710 per Bitcoin, contributing to a total reserve of 10,096 Bitcoin [1][2]. - The total Bitcoin reserve consists of 9,106 Bitcoin produced at a realized average cost of $16,088 per Bitcoin and the newly purchased Bitcoin, resulting in an overall average cost of $24,484 per Bitcoin [2][3]. - The strategic reserve is expected to support an innovative financing model for the company's fleet upgrade [1][2]. Group 2: Financial Strategy and Value Creation - Hut 8's Bitcoin reserve serves as a flexible asset that can optimize balance sheet performance and fund capital-intensive growth initiatives, including power and digital infrastructure development [4]. - The company aims to leverage its Bitcoin holdings through various strategies such as options, pledges, and sales, optimizing for return on invested capital [4][6]. - The strategic reserve is a key component of Hut 8's treasury strategy, designed to generate risk-adjusted returns that outperform idle cash [5][6]. Group 3: Operational Insights - The company anticipates that scaling operations and extending its cost advantage in Bitcoin production will enable organic growth of its Bitcoin holdings at a significant discount to market prices [5]. - Hut 8's operating strategy focuses on driving significant and scalable cost advantages in building its strategic Bitcoin reserve [3][6]. - The expected cost to mine a Bitcoin post-fleet upgrade is projected to be $21,180, reflecting the impact of increased nameplate hashrate from new miners [3].

Reserve built through low-cost production and strategic at-market purchase Purchased Bitcoin to support innovative financing model for fleet upgrade MIAMI, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced the purchase of approximately 990 Bitcoin. The aggregate purchase price of the acquired Bitcoin was approximately $10 ...

MIAMI, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced that board member Amy Wilkinson has been named by the National Association of Corporate Directors (NACD) to the 2024 NACD Directorship 100. This annual award celebrates and recognizes the most influential directors and leaders in the corporate governance community, ...

After reaching an important support level, Hut 8 (HUT) could be a good stock pick from a technical perspective. HUT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to other SMAs, if ...