10 Trending AI Stocks on Latest News and Ratings

6. Hut 8 Corp. (NASDAQ:HUT)

Number of Hedge Fund Holders: 34

Hut 8 Corp. (NASDAQ:HUT) operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management. The company delivered solid fourth-quarter and full-year 2024 results on March 3. It logged $162.4 million in full-year revenue as net income came in at $331.4 million and adjusted EBITDA at $555.7 million.

According to Chief Executive Officer Ahser Genoot, they delivered on operational experience and bottom-line economics, setting the stage for disciplined growth in 2025. Similarly, Hut 8 Corp. (NASDAQ:HUT) remains well-positioned to generate optimized returns and develop innovation at every stage of the development value chain.

“Together with our robust development pipeline and strengthened team, we believe we are well-positioned to meet the continued and rising demand for energy capacity from applications like AI while building a platform positioned to fuel the world’s most transformative technologies for decades to come,” Genoot said.