Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential
Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential
Hut 8 reported third-quarter revenues of $44 million, beating consensus of $35 million, with losses of 13 cents per share, better than the consensus of 29 cents per share, Todaro said in a note. The company is moving from being "one of the highest cost Bitcoin producers to one of the lowest," he added.Hut 8 Corp (NASDAQ:HUT) shares were down Thursday morning, despite the company reporting upbeat third-quarter results and Bitcoin prices surging past $90,000.
Hut 8 corp（納斯達克：HUT）股票週四上午下跌，儘管公司報告了積極的第三季度業績，並且比特幣價格飆升至90,000美元以上。
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
公司在一季度盈利季中發佈了其業績。以下是一些重要的分析師觀點。
Needham On Hut 8
Needham對Hut 8的分析
Analyst John Todaro reiterated a Buy while lifting the price target from $21 to $32.
分析師John Todaro重申買入評級，並將價格目標從21美元上調至32美元。
Hut 8 reported third-quarter revenues of $44 million, beating consensus of $35 million, with losses of 13 cents per share, better than the consensus of 29 cents per share, Todaro said in a note. The company is moving from being "one of the highest cost Bitcoin producers to one of the lowest," he added.
Hut 8報告第三季度營收爲4400萬，超出3500萬的共識，損失爲每股13美分，優於每股29美分的共識，Todaro在一份報告中提到。公司正在從 "最高成本的比特幣生產商之一轉變爲最低成本的生產商之一，"他補充道。
The recent efficiency gains and power cost reduction by Hut 8 bode well for its EBITDA growth through 2025, the analyst stated. Management indicated a pipeline of over 5 gigawatts (GW) "with 1.5 GW under exclusivity as of October-end, among the highest in our coverage," he further wrote.
分析師表示，Hut 8最近的效率提升和電力成本降低將有利於其2025年前的EBITDA增長。管理層表示，管道超過5千兆瓦（GW）的能力，"截至10月底有1.5 GW的獨佔權，是我們覆蓋的最高水平之一，"他進一步寫道。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Benchmark On Hut 8
Benchmark對Hut 8的分析
Analyst Mark Palmer maintained a Buy rating while raising the price target to $32.
分析師馬克·帕爾默維持買入評級，並將目標價格提高至32美元。
Hut 8's third-quarter report indicates the company's efforts to "build out and commercialize its next-generation digital infrastructure platform have accelerated during the past few months," Palmer said. Hut 8 has "strong growth prospects" in both AI compute and Bitcoin mining, which are "continuing to strengthen," he added.
帕爾默表示，Hut 8的第三季度報告顯示，公司在"建設和商業化下一代數字基礎設施平台"方面的努力在過去幾個月中加速。Hut 8在人工智能計算和比特幣挖礦方面"具有強大的增長前景"，這兩者"正在不斷增強"，他補充道。
Management noted the company's development pipeline of more than 5 GW of energy capacity as of Oct. 31, with "three sites with more than 430MW of combined capacity that would be well suited for large-scale AI data center projects," the analyst stated.
管理層指出，截至10月31日，公司擁有超過5吉瓦的能源能力開發管道，其中"三個場地的組合容量超過430兆瓦，非常適合大規模人工智能數據中心項目，"分析師表示。
"While HUT is well positioned to benefit from the anticipated surge in demand for AI data center capacity, it is also poised to gain from AI's growth through Highrise AI, its GPU-as-a-Service subsidiary that launched during 3Q24 with more than 1,000 of Nvidia's H100 GPUs," Palmer further wrote.
"雖然Hut在預期的人工智能數據中心容量需求激增中處於有利位置，但它還通過Highrise AI從人工智能的增長中受益，這是其在2024年第三季度啓動的gpu芯片-雲計算子公司，擁有超過1,000個英偉達H100 gpu芯片。"帕爾默進一步寫道。
HUT Price Action: Shares of Hut 8 had declined by 2.06% to $24.25 at the time of publication on Thursday.
Hut價格動態：Hut 8的股份在週四公佈時下降了2.06%，至24.25美元。
Read More:
• Bitcoin Miners Hive Digital, Hut 8, Bitfarms To Report Earnings As Future Of Crypto 'Has Never Been Brighter'
閱讀更多：
• 比特幣礦工Hive Digital，Hut 8，Bitfarms將報告收益，因爲加密貨幣的未來"從未如此光明"。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。
