How to buy Hut 8 (HUT) Bitcoin miner stock from India

Yes, an Indian resident can buy Hut 8 — legally, in US dollars, under the RBI's Liberalised Remittance Scheme (LRS). HUT trades on NASDAQ. It pays no dividend. Hut 8 is a Canadian-founded Bitcoin miner (now incorporated in the US post-merger with US Bitcoin Corp) pursuing a dual business model: Bitcoin mining alongside high-performance compute (HPC) hosting for AI and GPU workloads. The HPC pivot differentiates HUT from pure-play miners like MARA and RIOT, adding a revenue stream less tied to Bitcoin price cycles.

The 30-second version

• Legal and simple. Buy HUT via Vested, INDmoney, or Interactive Brokers India.
• No dividend. No US withholding or Form 44 complexity.
• India tax: HUT equity gains taxed at 12.5% LTCG after 24 months (Section 112) — not the 30% VDA rate. Shorter holds at slab rate.
• Estate-tax trap: US-situs asset — above $60,000 of total US-situs assets, up to 40% US estate tax, no treaty relief.
• The dual-model angle: HUT is a bet that Bitcoin mining infrastructure can be repurposed into AI data center infrastructure. This is the thesis. If Bitcoin rises, mining revenue rises. If AI compute demand rises, HPC hosting revenue rises. The risk is execution — transitioning from mining to managed HPC is operationally complex, and HUT is smaller than the hyperscalers competing for AI workloads.

Quick facts

Can an Indian resident buy it?	Yes — fully legal under the LRS
Ticker / exchange	HUT / NASDAQ
How	Vested, INDmoney, Interactive Brokers India
Minimum	A fraction of one share
Dividend	None
India tax on gains	12.5% LTCG after 24 months; else your slab (Section 112 — not VDA)
Estate-tax risk	US-situs above $60k → up to 40%, no treaty relief
Annual compliance	Schedule FA (equity section) every year you hold

How to buy it — 3 steps

1. Open an account and finish KYC. Vested or INDmoney for simplicity; IBKR India for larger positions.
2. Fund via the LRS. Cap: $250,000/year. 20% TCS above ₹7 lakh — creditable against income tax.
3. Place the order. HUT is smaller by market cap than MARA or RIOT — use limit orders, especially outside US market hours. HUT moves with Bitcoin but also with AI infrastructure sentiment, making it more volatile than pure miners during AI narrative cycles.

What Hut 8 actually is

Bitcoin mining: HUT operates ASIC mining facilities in the US and Canada. Hashrate is approximately 9–10 EH/s — significantly smaller than MARA (50 EH/s) and RIOT (31 EH/s). HUT has been selective about expanding mining rather than maximising hashrate growth, because the HPC strategy is the strategic focus.

HPC (high-performance compute) hosting: HUT leases data center capacity, power, and cooling infrastructure to customers running GPU clusters for AI training and inference. This is the same trend Core Scientific and CleanSpark have pursued. Hut 8 has secured colocation agreements with GPU computing operators. Revenue from HPC is lower-margin than mining at Bitcoin's current price, but provides revenue stability.

US Bitcoin Corp merger (2023): Hut 8 merged with US Bitcoin Corp in 2023, adding US-based mining sites and restructuring as a US company. The combined entity retained the Hut 8 name and NASDAQ listing.

Bitcoin balance sheet: HUT holds Bitcoin on its balance sheet, adding exposure to BTC price movements beyond just mining revenue.

The tax that actually matters

Holding period	Treatment	Rate
24 months or less	Short-term	Your slab rate
More than 24 months	Long-term	12.5%, no indexation

Not VDA tax. HUT is equity — Section 112 applies.

Full rules: how US stocks are taxed in India.

The $60,000 estate-tax trap

Directly-held HUT is a US-situs asset. Above $60,000 of total US-situs holdings at death, US estate tax of up to 40% — no India-US treaty protection. See the estate-tax trap guide.

HUT vs MARA vs RIOT — Bitcoin miner spectrum

If you want…	Best route
Largest US miner, Bitcoin accumulation strategy	MARA
Power-credit mining strategy	RIOT
Bitcoin mining + AI HPC hosting pivot	HUT
Clean Bitcoin price exposure (no mining risk)	IBIT
Full crypto exposure picture	Crypto and Bitcoin guide for Indian investors