H.C. Wainwright is Bullish on Hut 8 Corp. (HUT)

Core Insights - Hut 8 Corp. is recognized as one of the best Bitcoin and blockchain stocks to invest in, highlighting its strong position in the market [1][2]. Company Performance - Hut 8 Corp. reported $83.5 million in revenue, $50.6 million in net income, and $109.0 million in Adjusted EBITDA for the most recent quarter [5]. - The company has an energy capacity of 1,020 MW and is developing a pipeline of 8,650 MW through various stages [5]. - Hut 8 holds 13,696 Bitcoin valued at approximately $1.6 billion [5]. - The stock has increased by 3.80% year-to-date as of February 11, 2026 [5]. Analyst Ratings and Price Targets - H.C. Wainwright analyst Kevin Dede initiated coverage of Hut 8 with a Buy rating and a price target of $80, citing potential for infrastructure collaborations with hyperscalers [3]. - Roth Capital also maintained a Buy rating and raised its price target to $80, emphasizing the company's scalability potential beyond 1 gigawatt [4]. Industry Position - Hut 8 Corp. specializes in Bitcoin mining and offers services such as hosting, managed infrastructure operation, and digital asset mining [6].