Q: Current and future outlook for this company.
5i Research Answer:
Similar to other bitcoin mining stocks, HUT has introduced a complementary AI revenue segment as part of its operations in an effort to stabilize revenues and reduce dependency on the price of bitcoin. Its AI strategy (GPU-as-a-service) is now generating revenue. Its market cap is $1.9B, its last-twelve months revenue is $172M, it is not consistently profitable yet, but with the introduction of its AI segment, this could change over the years. Price momentum has been improving, and we think if the price of bitcoin improves from here, and its AI strategy begins to materialize that it could see better price action from here. Although, it is highly volatile and not without its risks.