Added to YB: 2026-07-27
Pitch date: 2026-07-23
HUT [neutral]
Hut 8 Corp.
Author Info
No bio for this author
Company Info
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada.
Market Cap
$13.2B
Pitch Price
N/A
Price Target
165.00
Dividend
N/A
EV/EBITDA
-34.84
P/E
-40.51
EV/Sales
48.61
Sector
Software
Category
value
Morgan Stanley's Bear Case for HUT Is My Base Case
HUT (holding update): Author holds; values HUT at $105-125 mean ($55 weak, $78-95 likely, $240-310 strong). MS initiated Overweight $263 PT (141% upside), $105 bear. Gap: bonds price rents low-6%, equity at 8%. 949MW contracted, $26.6B 15yr NNN rent. $263 = strong state (1-in-10 by 2027, 1-in-4 by 2028), needs delivery + 1 signature; requires paying 50c/$ for unsigned pipeline vs author's zero. Risks: 704MW single-counterparty concentration, delivery slips, $1B equity raise ($60-80 tail, 25%).
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