Hut 8 Corp

HUT remains in an advancing Stage 2 uptrend, supported by a recent momentum breakout and bullish continuation patterns, but price is extended above rising EMAs. Medium-term bias is bullish under Stage 2 dynamics; execution is deferred to a shallow pullback into the 9/20 EMA zone near the former resistance area. Key risks include failure to hold EMA support and a reversal through the April–May consolidation low.

• ↑Revenue grew 45% YoY to $235.1M, driven by compute segment
• ↑Compute revenue doubled YoY to $202.3M underpinning growth
• ↓Net loss of $248M and adjusted EBITDA loss of $135.4M raise sustainability concerns