Financial Snapshot

Revenue
$130.7M
TTM
Gross Margin
48.95%
TTM
Net Earnings
$179.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
99.8%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$712.5M
Q3 2024
Cash
Q3 2024
P/E
6.190
Nov 13, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $150.7M $173.8M $40.71M $81.99M $49.44M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -13.29% 326.86% -50.35% 65.84%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $150.7M $173.8M $40.71M $81.99M $49.44M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $175.6M $84.98M $60.99M $78.50M $71.89M
Gross Profit -$24.97M $88.80M -$20.28M $3.490M -$22.45M
Gross Profit Margin -16.57% 51.1% -49.82% 4.26% -45.41%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $31.03M $26.93M $3.390M $6.120M $8.790M $60.00K $110.0K $110.0K $60.00K $230.0K $170.0K
YoY Change 15.25% 694.27% -44.61% -30.38% 14550.0% -45.45% 0.0% 83.33% -73.91% 35.29%
% of Gross Profit 30.32% 175.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $94.53M $23.29M $21.26M $33.05M $47.02M
YoY Change 305.91% 9.54% -35.67% -29.71%
% of Gross Profit 26.23% 946.99%
Operating Expenses $45.35M $40.26M $3.380M $6.120M $8.790M $60.00K $110.0K $110.0K $60.00K $230.0K $170.0K
YoY Change 12.64% 1091.27% -44.77% -30.38% 14550.0% -45.45% 0.0% 83.33% -73.91% 35.29%
Operating Profit -$70.32M $48.53M -$23.66M -$2.630M -$31.24M
YoY Change -244.89% -305.13% 799.62% -91.58%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense -$43.91M -$115.8M $11.68M $680.0K -$19.41M
YoY Change -62.08% -1091.49% 1617.65% -103.5%
% of Operating Profit -238.61%
Other Income/Expense, Net $0.00 $10.00K -$70.00K $450.0K $0.00 -$30.00K $0.00
YoY Change -100.0% -114.29% -115.56% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income -$233.2M -$67.09M $3.990M $2.130M -$136.8M -$60.00K -$110.0K -$110.0K -$80.00K -$230.0K -$170.0K
YoY Change 247.62% -1781.46% 87.32% -101.56% 227850.0% -45.45% 0.0% 37.5% -65.22% 35.29%
Income Tax $9.593M $5.620M -$15.05M $0.00 $0.00
% Of Pretax Income -377.19%
Net Earnings -$242.8M -$72.71M $19.04M $2.130M -$136.8M -$60.00K -$110.0K -$110.0K -$80.00K -$230.0K -$170.0K
YoY Change 233.95% -481.88% 793.9% -101.56% 227850.0% -45.45% 0.0% 37.5% -65.22% 35.29%
Net Earnings / Revenue -161.14% -41.84% 46.77% 2.6% -276.64%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.29 -$0.54 $0.20 $0.02 -$2.43 -$0.02 -$1.83 -$1.85 -$1.33 -$3.83 -$4.25

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $234.1M $464.1M $104.8M $13.40M $3.600M $300.0K $300.0K $300.0K $400.0K $500.0K $600.0K $500.0K $0.00
YoY Change -49.55% 342.82% 682.09% 272.22% 1100.0% 0.0% 0.0% -25.0% -20.0% -16.67% 20.0%
Cash & Equivalents
Short-Term Investments $203.6M $323.9M $102.0M $10.50M
Other Short-Term Assets $9.892M $3.359M $100.0K $300.0K $100.0K
YoY Change 194.46% 3259.36% -66.67% 200.0%
Inventory
Prepaid Expenses
Receivables $1.589M $647.4K $500.0K $900.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $245.6M $468.1M $105.3M $14.70M $3.600M $300.0K $300.0K $300.0K $400.0K $500.0K $600.0K $500.0K $0.00
YoY Change -47.53% 344.52% 616.33% 308.33% 1100.0% 0.0% 0.0% -25.0% -20.0% -16.67% 20.0%
Property, Plant & Equipment $125.0M $96.13M $32.50M $34.90M $58.10M
YoY Change 29.99% 195.77% -6.88% -39.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.90M $15.40M
YoY Change 3.25%
Other Assets $27.22M $156.5M $7.400M $5.800M $5.700M $0.00 $0.00 $0.00
YoY Change -82.61% 2014.9% 27.59% 1.75%
Total Long-Term Assets $167.3M $252.6M $39.90M $56.50M $79.30M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -33.77% 533.16% -29.38% -28.75%
Total Assets $412.9M $720.7M $145.2M $71.20M $82.90M $300.0K $300.0K $300.0K $400.0K $500.0K $600.0K $500.0K $0.00
YoY Change
Accounts Payable $5.959M $7.067M $3.700M $600.0K $16.90M $300.0K $200.0K $200.0K $100.0K $200.0K $0.00
YoY Change -15.68% 91.01% 516.67% -96.45% 5533.33% 50.0% 0.0% 100.0% -50.0%
Accrued Expenses $7.957M $2.502M $200.0K $700.0K $1.000M
YoY Change 218.03% 1150.97% -71.43% -30.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.22M $16.49M $25.80M $6.200M $4.100M
YoY Change -1.68% -36.07% 316.13% 51.22%
Total Short-Term Liabilities $30.13M $26.06M $29.60M $8.700M $21.90M $300.0K $200.0K $200.0K $100.0K $200.0K $0.00
YoY Change 15.61% -11.95% 240.23% -60.27% 7200.0% 50.0% 0.0% 100.0% -50.0%
Long-Term Debt $31.20M $24.20M $0.00 $19.80M $28.30M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 28.93% -100.0% -30.04%
Other Long-Term Liabilities $212.0K $99.02M
YoY Change -99.79%
Total Long-Term Liabilities $31.41M $123.2M $0.00 $19.80M $28.30M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -74.51% -100.0% -30.04%
Total Liabilities $61.55M $154.7M $29.60M $28.50M $50.20M $300.0K $200.0K $200.0K $100.0K $200.0K $0.00
YoY Change -60.23% 422.77% 3.86% -43.23% 16633.33% 50.0% 0.0% 100.0% -50.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1121 Billion

About

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.

Industry: Finance Services Peers: