Bitcoin 
BTCUSD mining stocks have trailed the broader market in 2025 due to the pullback in cryptocurrency prices. However, long-term investors bullish on Bitcoin should consider gaining exposure to crypto mining companies to benefit from outsized gains once market sentiment recovers.
One such Bitcoin mining company is Hut 8 
HUT, which has a market cap of $1.25 billion. In the last five years, Hut 8 stock has returned close to 400% to shareholders. However, it is also down more than 60% from its 52-week high, allowing you to buy the dip.
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Earlier this week, Hut 8 Mining partnered with Eric Trump, the son of President Donald Trump, to launch American Bitcoin, a new mining venture. According to a Reuters report, the Miami-based company merged most of its mining operations for an 80% stake in American Data Centers, which has been rebranded as American Bitcoin.
The new entity will focus on Bitcoin mining and build strategic crypto reserves. Matt Prusak will serve as CEO, and Eric Trump will take the role of chief strategy officer. The venture indicates a growing Trump family involvement in cryptocurrency as the industry gains mainstream acceptance.
Hut 8’s U.S.-listed shares initially jumped on the announcement, although they have fallen 41.3% year-to-date. Reuters states that the restructuring allows Hut 8 to focus on its lower-volatility energy and digital infrastructure business while maintaining its position as American Bitcoin’s exclusive infrastructure and operating partner.
Is Hut 8 Mining a Good Stock to Buy Right Now?
Like other crypto miners, Hut 8’s performance is tied to BTC prices. It increased revenue from $96 million in 2023 to $162.4 million in 2024 as Bitcoin staged a remarkable comeback last year.
Notably, Hut 8 reported net income of $331.4 million, reflecting a significant gain on digital assets of $509.3 million. It closed the year with a strategic Bitcoin reserve of 10,171 BTC, valued at approximately $949.5 million.
Hut 8 unveiled a new reporting structure organized into three core segments: Power, Digital Infrastructure, and Compute. The restructuring aims to give investors more precise insights into how each layer of the company’s platform contributes to growth and value creation.
Hut 8 recently acquired a 300-megawatt utility-scale power asset with 200 megawatts of dedicated IT load. The site, suitable for AI data center development, offers direct access to the Mississippi River, proximity to energy sources, and robust fiber connectivity.
Hut 8 is actively pursuing opportunities in the AI infrastructure space. CFO Sean Vogt notes that every 100 megawatts represents approximately $1 billion in development capacity. With the right investment-grade counterparties, Hut 8 expects to leverage 70%-80% project-level financing for these developments.
What’s Next for the Crypto Mining Stock?
Hut 8 plans to accelerate its development flywheel. It aims to prioritize lower-cost capital segments while maintaining disciplined capital allocation. Management indicated that while 2024 was focused on restructuring, 2025 would be about growth. Hut 8 will focus on expanding high-potential power assets supporting emerging technologies like AI compute while leveraging Bitcoin mining as a transitional load to monetize sites.
Analysts expect Hut 8 to increase sales to $262.5 million in 2025 and $455.9 million in 2026. Comparatively, adjusted earnings are forecast to touch $1 per share in 2026. So, priced at 13.4 times forward earnings, Hut 8 stock is reasonably valued.
Of the 10 analysts covering Hut 8 stock, eight recommend “Strong Buy” and two recommend “Moderate Buy.” The average target price for Hut 8 stock is $31.88, which is 166% above the current trading price.
On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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