Overview
Energy infrastructure firm's Q4 revenue missed analyst expectations
Adjusted EBITDA for Q4 missed analyst expectations
Company sold 310 MW portfolio of natural gas-fired power plants
Outlook
Company aims to advance River Bend for delivery beginning in Q2 2027
Hut 8 plans to accelerate conversion across its broader pipeline in 2026
Company expects project-level financing for River Bend led by J.P. Morgan and Goldman Sachs
Result Drivers
AI INFRASTRUCTURE - Commercialized AI infrastructure with a 15-year, 245 MW lease with Fluidstack, valued at $7 bln
PORTFOLIO SALE - Sold 310 MW portfolio of natural gas-fired power plants to streamline capital allocation
FINANCIAL FLEXIBILITY - Enhanced financial flexibility with new credit facilities and project-level financing
Company press release: ID:nPnbY8gpha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $88.50 mln | $103.06 mln (14 Analysts) |
Q4 Net Income | -$301.80 mln | ||
Q4 Adjusted EBITDA | Miss | -$347.80 mln | $37.25 mln (12 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Hut 8 Corp is $66.00, about 11.5% above its February 24 closing price of $59.19
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)