Hut 8 Mining Corp (NASDAQ:HUT) is a prominent player in the cryptocurrency mining industry, focusing on Bitcoin and Ethereum. The company is known for its large-scale operations and energy-efficient mining practices. As of November 4, 2025, Cantor Fitzgerald updated its rating for HUT to "Overweight," indicating a positive outlook on the stock. At this time, the stock was priced at approximately $51.
Cantor Fitzgerald's decision to raise the price target for Hut 8 from $24 to $64 reflects confidence in the company's future performance. This optimism is supported by Hut 8's recent financial results. For the quarter ending September 2025, Hut 8 reported a revenue of $83.51 million, a significant year-over-year increase of 90.9%. This figure surpassed the Zacks Consensus Estimate of $63.52 million by 31.47%, highlighting the company's strong revenue growth.
Despite a negative EPS of -$0.07, Hut 8 showed improvement from the previous year's EPS of -$0.23. This result also exceeded the consensus estimate of -$0.16 by 56.25%, indicating better-than-expected earnings performance. These metrics suggest that Hut 8 is on a path of financial recovery and growth, which may justify the increased price target set by Cantor Fitzgerald.
Currently, HUT is trading at $50.43, reflecting a decrease of 8.31% with a change of $4.57. The stock has fluctuated between a low of $45.03 and a high of $53.83 today. Over the past year, HUT has experienced a high of $57.29 and a low of $10.04, showing significant volatility. The company's market capitalization is approximately $5.32 billion, with a trading volume of 9,282,396 shares on the NASDAQ exchange.
