HUT Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: HUT's strategic expansion, significant Bitcoin reserves, and potential Meta partnership position it for strong growth amidst rising crypto prices.




Bearish Case: Ongoing crypto volatility and high operational costs might strain HUT's margins, with legal uncertainties and market skepticism heightening risks.




Potential Outcomes:
  • Bitcoin ETF approval (70%): Significant boost to HUT.
  • Crypto market volatility (60%): Potential negative impact.
  • Positive earnings (50%): May stabilize price.




Trading Oracle: Trade a bullish debit spread: Buy HUT $26 Calls and sell $28 Calls expiring March 2025. This leverages current high implied volatility and mean-reverting trend, capturing potential upside with defined risk.



January 08, 2025


Hut 8 Mining Forecast

HUT        Hut 8 Mining











Correlated Assets

Assets that tend to move strongly with HUT



VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (0.91)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.9)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (0.9)


FTK Forecast + Options Trading Strategies   FTK  Flotek Industries (0.9)


ATGE Forecast + Options Trading Strategies   ATGE  Adtalem Global Education (0.89)



Uncorrelated Assets

Assets with little price relationship to HUT



ING Forecast + Options Trading Strategies   ING  ING Groep (-0.01)


OLED Forecast + Options Trading Strategies   OLED  Universal Display (-0.01)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (0.01)


GTE Forecast + Options Trading Strategies   GTE  Gran Tierra Energy (0.01)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HUT



COTY Forecast + Options Trading Strategies   COTY  Coty (-0.84)


ABEV Forecast + Options Trading Strategies   ABEV  Ambev (-0.85)


BGS Forecast + Options Trading Strategies   BGS  B&G Foods (-0.85)


BRKR Forecast + Options Trading Strategies   BRKR  Bruker (-0.86)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.89)









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