{"id":22681,"date":"2026-02-24T16:41:24","date_gmt":"2026-02-24T16:41:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hut-8-stock-price-forms-cup-and-handle-ahead-of-earnings\/"},"modified":"2026-02-24T16:41:46","modified_gmt":"2026-02-24T16:41:46","slug":"hut-8-stock-price-forms-cup-and-handle-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hut-8-stock-price-forms-cup-and-handle-ahead-of-earnings\/","title":{"rendered":"Hut 8 stock price forms cup-and-handle ahead of earnings"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hut 8 stock price has risen for three consecutive months and is nearing its highest level this year as the company prepares to publish its financial results.<\/p>\n<div id=\"cn-block-summary-block_eb5ffdaff416c7d9b36bcc1ace60a492\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Hut 8 share price has jumped for three consecutive months.<\/li>\n<li>The company has formed a cup-and-handle pattern.<\/li>\n<li>It will publish the financial results later on Tuesday.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hut 8, a top company in the Bitcoin (BTC) mining and an upcoming artificial intelligence data center industry, rose to $57, up by over 1,285% from its lowest level in 2023. This surge has brought its market capitalization to over $6.2 billion.<\/p>\n<p>Hut 8 has done well despite the ongoing Bitcoin price crash because of its pivot to the data center industry. It recently entered a major deal with Anthropic, the creator of Claude.\u00a0<\/p>\n<p>This deal will see it build the River Bend campus, which will have a capacity of 2,295 megawatts of infrastructure in three tranches. The deal will be worth billions of dollars in the next few years.<\/p>\n<p>The next key catalyst for the Hut 8 stock price will be the upcoming earnings, which will come out on Tuesday.\u00a0<\/p>\n<p>Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/HUT\/analysis\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a> shows that the revenue will be $95 million, up by 200% from the same period in 2024. Its annual revenue will be over $241 million, up by 48% on an annual basis.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Its deal with Anthropic and Google will help it grow its revenue this year to over $425 million, up by 76% on an annual basis. Analysts also expect the earnings-per-share will be a loss of 15 cents from a profit of 1.55 in the same period in 2024.\u00a0<\/p>\n<p>Wall Street analysts are largely bullish on the company. Some of the mosy bullish ones are HC Wainwright, Roth Mkm, and KBW, which have placed a target of $80, $80, and $75m respectively. The average target among analysts is $64, up by 12% from the current level.<\/p>\n<h2 class=\"wp-block-heading\">Hut 8 stock technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">HUT stock chart | Source: TradingView<\/figcaption><\/figure>\n<p>The monthly timeframe chart shows that Hut 8 share price has staged a strong comeback in the past few years. It has jumped from a low of $3.65 in 2023 to the current level.\u00a0<\/p>\n<p>The stock has jumped in the last three consecutive months and is nearing its highest level this year at $66. It has also moved above the 50-month moving average.<\/p>\n<p>A closer look shows that it has formed a cup-and-handle pattern whose upper side is at $82.70, its highest level on record. Such a move will mark a 40% increase from the current level.\u00a0<\/p>\n<p>The caveat, however, is that this pattern has formed on the monthly chart, meaning that its outcome may take months or years to complete.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hut 8 stock price has risen for three consecutive months and is nearing its highest level this year as the company prepares to publish its financial results. Summary Hut 8&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22681"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22681\/revisions"}],"predecessor-version":[{"id":22682,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22681\/revisions\/22682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1128"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}