Hut 8 Corp. (NASDAQ:HUT) is one of the best crypto-related stocks to invest in.
On November 17, 2025, Hut 8 Corp. (NASDAQ:HUT) announced the sale of its 310-megawatt portfolio of four natural gas plants in Ontario to TransAlta. Before this sale, the company successfully stabilized its assets. Far North, an entity established by Hut 8 and Macquarie Equipment Finance, secured five-year capacity contracts across the 310-megawatt portfolio earlier this year. Following this deal, TransAlta will now own the portfolio.
On November 5, 2025, The Fly reported that Hut 8 Corp. (NASDAQ:HUT)’s price target was raised from $26 to $58 by Northland’s analyst Mike Grondahl, who maintained his “Outperform” rating. The price revision, alongside the bullish stance, reflects the solid quarter for the company’s subsidiary, American Bitcoin (ABTC). Furthermore, the analyst emphasized the need for execution on the HPC side. However, he also cited the company’s 8.7 GW energy capacity pipeline, which includes 1.5 GW under development.
Meanwhile, on November 4, 2025, Hut 8 Corp. (NASDAQ:HUT) reported Q3 2025 results, which marked a 91% YoY revenue growth, helping it record $83.5 million in revenue. Moreover, the company recorded $50.6 million in net income, a significant jump from $0.9 million in the prior year. Thanks to strong Bitcoin mining results and the Compute segment’s performance, the company recorded a surge in adjusted EBITDA, rising from $5.6 million to $109 million. The Compute segment’s revenue surged from $13.7 million to $70 million.
The company closed the quarter with 13,696 Bitcoin holdings, which are equivalent to roughly $1.6 billion. Having liquidity and optionality to support its growth initiatives, Hut 8 Corp. (NASDAQ:HUT)’s energy capacity under development spans 1,530 MW across four U.S. locations. Thus, the company appears to be in a strong position to meet the demand for AI, HPC, and other energy-intensive workloads.
However, the quarter also marked challenges such as declining Power segment revenue, market skepticism about pipeline execution, and competition for power deals. Acknowledging the challenges, the management plans to strategically sequence projects to secure commitments, mitigate supply chain risks, and ensure timely delivery.
Operating integrated Bitcoin mining, compute, and digital infrastructure platforms, Hut 8 Corp. (NASDAQ:HUT) combines energy assets with computing capacity to capitalize on cryptocurrency and emerging high-performance computing demand.
While we acknowledge the potential of HUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
