Hut 8 Corp. Common Stock

Hut 8 Corp. Common Stock

HUT · NASDAQ · Financial Services / Capital Markets

57.57USD-4.41 (-7.11%)

Price History

Full chart

Market Stats

Previous Close61.98
Open61.00
Day Range54.33 – 61.16
52-Week Range31.67 – 140.80
Volume4.64M
Market Cap7.44B
P/E (TTM)0.00
Forward P/E138.89
EPS-4.69
Dividend Yield0.00%
Beta6.08
50-Day Avg79.35
200-Day Avg82.37

About

Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments. The company offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services. It also engages in the operation of compute infrastructure; and provision, hosting, monitoring, troubleshooting, repair, maintenance, and sale of mining equipment. In addition, the company offers Bitcoin mining; data center and cloud infrastructure services, including colocation services; and ASIC compute, traditional cloud, and AI cloud services. Hut 8 Corp. was founded in 2020 and is based in Miami, Florida.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Asher Kevin Genoot
  • Employees248
  • Headquarters777 Brickell Avenue, Miami, FL, United States, 33131, USA
  • Websitehttps://www.hut8.com

Leadership

  • Mr. Asher Kevin GenootCo-Founder, CEO & Non-Independent Director · b. 1996
  • Mr. Michael HoCo-Founder, Chief Strategy Officer & Non-Independent Director · b. 1994
  • Mr. Sean GlennanChief Financial Officer · b. 1984
  • Mr. Victor Semah J.D.Chief Legal Officer & Corporate Secretary · b. 1983
  • Mr. Jake PalmerChief Technology Officer
  • Mr. Mark EidelmanHead of Investor Relations & Senior Vice President of Strategic Finance
  • Mr. Matthew SaxonChief People Officer

Financials

Income Statement

Currency: CAD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue----06.74M49.44M81.99M9.08M79.19M65.48M72.32M162.38M235.12M
Growth (%)------+633.59%+65.84%-88.93%+772.16%-17.31%+10.44%+124.55%+44.79%
Cost of Revenue-----788.53K72.92M79.86M61.81M25.78M32.54M40.80M86.66M107.77M
Gross Profit-----5.95M-23.48M2.13M-21.10M53.40M32.93M31.51M75.73M127.34M
Gross Margin-----88.30%-47.50%2.60%-232.40%67.44%50.30%43.57%46.64%54.16%
Operating Expense-----4.57M24.66M-3.85M2.24M78.91M84.78M24.44M-384.81M347.34M
Operating Income-166.87K-225.22K-57.11K-105.44K-105.96K1.38M-48.15M5.98M-23.34M-25.51M-51.85M7.07M460.54M-219.99M
Operating Margin-----20.44%-97.39%7.29%-257.05%-32.21%-79.19%9.78%283.61%-93.57%
EBITDA-166.87K-225.22K-32.11K-105.44K-105.96K2.30M-1.13M30.40M14.36M3.16M43.26M46.14M531.11M-220.09M
EBITDA Margin-----34.17%-2.28%37.07%158.21%3.99%66.08%63.80%327.07%-93.61%
Net Income-168.87K-225.22K-82.11K-105.44K-105.96K567.07K-136.77M2.13M-19.31M-31.80M-49.53M16.45M331.88M-248.00M
Net Income Margin-----8.41%-276.63%2.60%-212.64%-40.16%-75.64%22.75%204.38%-105.48%
Interest Expense2.00K025.00K000904.51K4.83M2.45M1.36M5.73M18.77M29.79M30.07M
Interest Expense % of Total Revenue-----0.00%1.83%5.89%26.98%1.71%8.75%25.96%18.35%12.79%

Balance Sheet

Currency: CAD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets500.00K500.00K642.25K566.59K410.59K335.54K291.60K262.79K82.90M71.24M43.16M720.71M311.72M976.87M1.52B2.75B
Total Liabilities--500.00K2.60K110.24K131.44K161.83K223.84K253.07K50.24M28.54M6.44M154.74M41.93M333.87M538.28M1.06B
Total Equity-500.00K639.64K456.36K279.15K173.71K67.75K9.73K32.66M42.70M36.73M565.97M269.79M643.00M976.67M1.42B
Cash461.74K461.74K636.90K562.27K396.29K328.84K286.25K259.52K3.56M2.95M6.72M140.13M23.04M40.82M85.04M44.91M
Total Debt--------32.37M26.04M4.60M40.69M35.80M203.33M345.65M429.33M
Net Debt-461.74K-461.74K-636.90K-562.27K-396.29K-328.84K-286.25K-259.52K28.81M23.09M-2.12M-99.43M12.76M227.93M260.61M384.42M

Cash Flow

Currency: CAD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow--75.65K-58.38K-118.63K-67.44K-42.59K49.24M-6.77M14.51M-1.29M-80.24M-79.29M-19.62M-68.53M-139.23M
Investing Cash Flow----25.00K---52.67M-90.16M-9.73M-7.14M-235.07M-78.21M64.65M-188.47M-754.21M
Financing Cash Flow461.74K212.21K----142.92M77.24M-5.39M8.30M455.84M75.36M-24.78M311.95M856.13M
Capital Expenditure00000052.65M84.36M9.23M5.81M86.43M54.88M815.21K264.60M648.09M
Free Cash Flow--75.65K-58.38K-118.63K-67.44K-42.59K-3.41M-91.14M5.27M-7.10M-166.67M-134.17M-27.30M-333.13M-787.31M
Dividends Paid----------00---
FCF to OCF-100.00%100.00%100.00%100.00%100.00%-6.92%1345.68%36.35%549.77%207.71%169.22%139.12%486.07%565.49%
Dividend Paid to FCF----------0.00%0.00%---

Earnings

Report DateSep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Feb 27, 2018May 24, 2018Aug 16, 2018Nov 8, 2018Mar 31, 2019May 29, 2019Aug 19, 2019Nov 7, 2019Mar 31, 2020Apr 3, 2020Aug 13, 2020Nov 12, 2020Mar 25, 2021May 13, 2021Aug 12, 2021Nov 11, 2021Mar 17, 2022May 12, 2022Aug 11, 2022Nov 10, 2022Mar 9, 2023May 11, 2023Aug 14, 2023Nov 14, 2023Dec 31, 2023May 15, 2024Aug 12, 2024Nov 12, 2024Mar 3, 2025May 8, 2025Aug 7, 2025Nov 4, 2025Feb 25, 2026May 6, 2026Aug 4, 2026Nov 3, 2026Nov 4, 2026
EPS Estimate0.000.000.000.000.00------------0.070.040.040.120.120.060.02-0.03-0.14-0.10-0.08-0.06-0.250.48-0.03-0.380.23-1.40-0.15-0.12-0.09-0.36-0.50-1.25-1.06
EPS Actual-0.00-0.00-0.01-0.01-0.04-0.05-0.11-1.00-0.100.29-0.05-0.08-0.080.02-0.01-0.010.180.75-0.16-0.02-0.07-0.14-0.91-0.02-2.630.41-0.04-0.100.293.62-0.780.010.55-1.30-0.140.43-2.450.10-0.26--1.23
Surprise----------------357.14%1775.00%-500.00%-120.17%-157.25%-333.33%-4650.00%33.67%-1778.57%501.96%50.00%-66.67%216.00%654.17%-2500.00%102.67%139.13%7.14%6.67%473.91%-2525.94%127.78%48.00%--16.04%
Timing----After-hoursPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-Pre-market

Key Statistics & Ratios

Market Cap7.44B
Enterprise Value14.83B
Trailing P/E0.00
Forward P/E138.89
Price / Sales24.35
Price / Book4.69
EPS-4.69
Book Value12.75
Revenue (TTM)305.51M
Gross Profit (TTM)187.84M
EBITDA-544.23M
Profit Margin-169.76%
Operating Margin-229.87%
Return on Equity-30.28%
Return on Assets-6.74%
Shares Outstanding120.04M
Shares Float99.81M
Beta6.08
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 23 analystsTarget 128.04
  • Strong Buy
    16
  • Buy
    6
  • Hold
    1

Ownership Breakdown

Institutions
83.67%
Insiders
8.61%
Retail / Other
7.72%

Top Institutional Holders

  • Huntington National Bank
    10.00%

Top Fund Holders

  • Undrly L&G Pen PMC Diversified
    15.74K0.01%
  • BMO MSCI Innovation ETF
    3720.00%
  • BMO MSCI Fintech Innovation ETF
    3000.00%

Stock Splits

  • Dec 4, 20231:5