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.




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January 08, 2025


Hut 8 Mining Forecast

HUT        Hut 8 Mining











Correlated Assets

Assets that tend to move strongly with HUT



FTK Forecast + Options Trading Strategies   FTK  Flotek Industries (0.84)


ATGE Forecast + Options Trading Strategies   ATGE  Adtalem Global Education (0.82)


GLNG Forecast + Options Trading Strategies   GLNG  Golar Lng (0.8)


FLR Forecast + Options Trading Strategies   FLR  Fluor (0.8)


ALKT Forecast + Options Trading Strategies   ALKT  Alkami Technology (0.79)



Uncorrelated Assets

Assets with little price relationship to HUT



TCMD Forecast + Options Trading Strategies   TCMD  Tactile Systems Technology (-0.0)


UAN Forecast + Options Trading Strategies   UAN  CVR Partners (0.0)


ACN Forecast + Options Trading Strategies   ACN  Accenture (-0.02)


XYL Forecast + Options Trading Strategies   XYL  Xylem (0.02)


PLBY Forecast + Options Trading Strategies   PLBY  PLBY (0.03)



Anticorrelated Assets

Assets that tend to move strongly against HUT



EL Forecast + Options Trading Strategies   EL  Estee Lauder Cos. (-0.74)


BGS Forecast + Options Trading Strategies   BGS  B&G Foods (-0.77)


CNI Forecast + Options Trading Strategies   CNI  Canadian National Railway (-0.77)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.77)


BRKR Forecast + Options Trading Strategies   BRKR  Bruker (-0.8)









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