Hut 8 Corp remains a buy despite recent neocloud sell-off and high valuation risks.

Hut 8 Corp's stock dropped about 10% recently amid a broader sell-off in neocloud stocks triggered by Gartner's report. Despite this, the company remains a buy due to its strong long-term potential in AI data center development. Hut 8's financing strategy includes $7.5 billion in non-recourse project financing and a $1.07 billion revolving credit facility, minimizing the need for equity issuance or parent debt. Their River Bend and Beacon Point campuses are fully leased to high-quality tenants with contracts totaling over $26.6 billion, expected to generate $1.75 billion in average annual net operating income once stabilized. However, the stock trades at high multiples (56.8x trailing and 61.1x forward sales), so success depends on converting contracted capacity into recurring revenue.

Hut 8 Corp's stock price on Pluang is currently USD 70.75, down 5.50% as of Oct 15, 2026, 18:31 WIB. The stock's market capitalization stands at $9.23 billion, reflecting significant investor interest despite recent volatility. Pluang data shows a strong buy sentiment with 98% of orders favoring purchases, indicating confidence in the company's long-term prospects amid the neocloud sell-off.