Street Calls of the Week
Hut 8 Corp stock reached a 52-week high, hitting 39.75 USD, marking a significant milestone for the company. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 1.81, indicating strong liquidity. This peak reflects a robust performance over the past year, with the stock experiencing a remarkable 224.79% increase in value. The surge in Hut 8 Corp’s stock price underscores the company’s strong market presence and investor confidence, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. Notably, the company has achieved a gross profit margin of 43.48% in the last twelve months, despite analysts anticipating challenges ahead. This achievement highlights the company’s strategic advancements and resilience in the face of market fluctuations. As Hut 8 Corp continues to navigate the dynamic landscape of its industry, reaching this 52-week high serves as a testament to its growth and potential for future success. With a market capitalization of $4.12 billion and moderate debt levels, the company maintains a solid foundation for future operations. InvestingPro has identified 14 additional investment tips for this stock, available to subscribers along with comprehensive analysis and Fair Value estimates.
In other recent news, Hut 8 Corp. has completed a significant merger involving its subsidiary, American Bitcoin Corp., and Gryphon Digital Mining, Inc. The merger agreement, initially announced in May 2025, results in American Bitcoin Corp. shareholders receiving approximately 98% of Gryphon’s stock on a fully diluted basis. Additionally, Hut 8 Corp. secured a $200 million revolving credit facility backed by Bitcoin, with an interest rate of 7.99% per annum. This facility was established with Two Prime Lending Limited and will mature 364 days after the first borrowing date.
Hut 8 Mining Corp. also received increased price targets from analysts, with Clear Street and Benchmark raising their targets to $33 and $36, respectively. These upgrades follow the company’s announcement of developing four new U.S. sites, expanding its platform potential to 2.5 gigawatts across 19 locations. Meanwhile, IREN Ltd. saw its price target raised by BTIG from $22 to $32, maintaining a Buy rating. This adjustment comes after IREN’s expansion of its GPU portfolio, including the acquisition of approximately 9,000 GPUs from Nvidia.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.