Hut 8 Corp. operates as a Bitcoin miner that focuses on mining. The company is headquartered in Miami, Florida and currently employs 219 full-time employees. The company went IPO on 2012-04-10. The firm is a vertically integrated operator of large-scale energy infrastructure and bitcoin miner. The firm acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads, such as bitcoin mining, high performance computing, and artificial intelligence (AI). The firm operates through four business segments: Digital Assets Mining, Managed Services, High Performance Computing-Colocation and Cloud, and Other. Its infrastructure portfolio includes about eighteen sites: nine Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, Nebraska, and Texas, five high performance computing data centers in British Columbia and Ontario, and four power generation assets in Ontario. Its Managed Services business provides institutional partners such as digital asset mining site owners, governments, and data center developers an end-to-end partnership model for energy infrastructure development.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
03/31/2025
12/31/2024
09/30/2024
06/30/2024
03/31/2024
Revenue
132
22
32
43
35
51
Revenue Growth (YoY)
5%
-56.99%
-16%
169%
84%
168%
Cost of Revenue
78
19
20
18
21
28
Gross Profit
54
3
12
26
14
23
Selling, General & Admin
74
21
19
16
18
20
Research & Development
--
--
--
--
--
--
Operating Expenses
2
148
-274
25
29
31
Other Non Operating Income (Expenses)
--
14
-25
--
--
--
Pretax Income
34
-155
260
1
-72
263
Income Tax Expense
88
-20
110
0
-1
4
Net Income
-53
-134
152
0
-72
251
Net Income Growth
-128%
-153%
1,420%
-100%
350%
132%
Shares Outstanding (Diluted)
103
103
110
96
90
94
Shares Change (YoY)
10%
10%
31%
-56.99%
-59%
-59%
EPS (Diluted)
-0.51
-1.3
1.38
0.01
-0.8
2.67
EPS Growth
-125%
-149%
994.99%
-104%
900%
468%
Free Cash Flow
-292
-98
-59
-114
-21
-39
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
40.9%
13.63%
37.5%
60.46%
40%
45.09%
Operating Margin
39.39%
-659.09%
893.75%
0%
-42.85%
-13.72%
Profit Margin
-40.15%
-609.09%
475%
0%
-205.71%
492.15%
Free Cash Flow Margin
-221.21%
-445.45%
-184.37%
-265.11%
-60%
-76.47%
EBITDA
103
-130
300
10
-3
4
EBITDA Margin
78.03%
-590.9%
937.5%
23.25%
-8.57%
7.84%
D&A For EBITDA
51
15
14
10
12
11
EBIT
52
-145
286
0
-15
-7
EBIT Margin
39.39%
-659.09%
893.75%
0%
-42.85%
-13.72%
Effective Tax Rate
258.82%
12.9%
42.3%
0%
1.38%
1.52%
Follow-Up Questions
What are Hut 8 Corp's key financial statements?
According to the latest financial statement (Form-10K), Hut 8 Corp has a total asset of $0, Net loss of $0
What are the key financial ratios for HUT?
Hut 8 Corp's Current ratio is 0, has a Net margin is 0, sales per share of $0.
How is Hut 8 Corp's revenue broken down by segment or geography?
Hut 8 Corp largest revenue segment is Compute, at a revenue of 76,830,056 in the most earnings release.For geography, United States is the primary market for Hut 8 Corp, at a revenue of 105,645,730.
Is Hut 8 Corp profitable?
no, according to the latest financial statements, Hut 8 Corp has a net loss of $0