Hut 8 Mining Maintains 'Buy' Rating Amid Shift to High-Performance Computing

Hut 8 Mining Corp., a leading bitcoin mining company, has maintained its 'Buy' rating and $80 price target by H.C. Wainwright following its fourth-quarter earnings release.

The company reported sales of $235.1 million for 2025, representing a notable increase of 44.8% from the previous year. This growth is primarily attributed to the revenue generated from bitcoin mining operations.

Notably, Hut 8 Mining has made significant strides in transitioning its infrastructure focus towards high-performance computing facilities, as evident from its recent partnership with Fluidstack and Anthropic. Analysts have viewed this shift as a promising development for the company's future prospects.