2029 revenue projection
Company: Hut 8
The claim, verbatim
Hut 8 projects $1.6 billion in revenue by 2029
Source (primary)
Did Settlement Approval and Third Point’s AI Bet Just Shift Hut 8's (HUT) Investment Narrative? - webull.com (-, news_article)
View cached copy (2026-09-03)Live source ↗
Quote: “Hut 8's narrative projects $1.6 billion revenue and $314.8 million earnings by 2029”
How we checked this
Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.
The $1.6 billion by 2029 figure comes from Simply Wall St's own 'narrative' forecast for Hut 8, not from a projection issued by the company. The figure is confirmed, but attributing it to Hut 8 is not.
Confirmed in the source:
- A projection of $1.6 billion in Hut 8 revenue by 2029 exists
We could not confirm this from the cited source:
- Hut 8 itself made the $1.6 billion revenue projection for 2029
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://www.webull.com/news/15485627370693632) in full (13,151 characters, retrieved September 3, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Did Settlement Approval and Third Point’s AI Bet Just Shift Hut 8's (HUT) Investment Narrative? - webull.com
Quote: “Hut 8's narrative projects $1.6 billion revenue and $314.8 million earnings by 2029”