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Hut 8 Corp.

Hut 8 Corp.

NASDAQ•HUT
CEO: Mr. Asher Kevin Genoot
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 2018-03-08
Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing – Colocation and Cloud, and Other. The company mines Bitcoin. It also 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 for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.
Contact Information
1101 Brickell Avenue, Suite 1500, Miami, FL, 33131, United States
305-224-6427
hut8.com
Market Cap
$5.54B
P/E (TTM)
77.7
50.4
Dividend Yield
--
52W High
$57.29
52W Low
$10.04
52W Range
87%
Rank64Top 85.8%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$83.51M+90.94%
4-Quarter Trend

EPS

$0.48+4700.00%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Soars Total revenue reached $83.5M for Q3 2025, showing a $39.8M increase compared to $43.7M last year.
Net Income Attributable Jumps Net income attributable to Hut 8 Corp. was $50.1M, a massive improvement from $0.6M reported in Q3 2024.
Digital Asset Value Increases Total digital assets balance grew to $1.56B as of September 30, 2025, up $612.8M since December 31, 2024.
American Bitcoin Public Debut American Bitcoin began trading on Nasdaq under ticker "ABTC" following the completion of the ABTC Merger on September 3, 2025.

Risk Factors

Bitcoin Price Volatility Exposure Business heavily dependent on Bitcoin price volatility; fair value changes significantly impact reported net income results.
Power Constraints Limit Growth Access to energy remains a key factor affecting ability to scale HPC, AI, and Bitcoin mining operations.
Unresolved Securities Litigation Ongoing securities class actions remain uncertain; management cannot estimate potential material impact at this time.
Level 3 Fair Value Estimates Warrant liability and other financial liability are Level 3, relying on unobservable inputs requiring management judgment.

Outlook

Expanding AI Infrastructure Services Leveraging existing expertise to develop high-density data centers supporting GPU-based workloads for enterprise customers.
Energy Capacity Development Rises Energy Capacity Under Development increased sharply to 1,530 MW, showing active investment in new projects.
Utilizing New ATM Program Established $1.0B 2025 ATM to replace the 2024 ATM, raising $22.9M through September 30, 2025.
New Credit Facility Established Entered into Two Prime Credit Agreement for up to $200.0M revolving facility, collateralized by Bitcoin holdings.

Peer Comparison

Revenue (TTM)

StoneX Group Inc.SNEX
$132.38B
+32.5%
Raymond James Financial, Inc.RJF
$15.91B
+7.5%
Virtu Financial, Inc.VIRT
$3.50B
+35.6%

Gross Margin (Latest Quarter)

StoneX Group Inc.SNEX
395.5%
+394.0pp
Raymond James Financial, Inc.RJF
132.3%
+46.6pp
TeraWulf Inc.WULF
66.1%
+20.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RJF$32.62B15.217.5%0.0%
MKTX$6.66B30.116.0%3.3%
PIPR$6.19B24.719.1%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
38.1%
Strong Growth
4Q Net Income CAGR
-30.7%
Declining Profitability
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 2, 2026
|
EPS:-$0.15
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $83.51M+90.9%
    |
    EPS: $0.48+4700.0%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $41.30M+17.3%
    |
    EPS: $1.32-269.2%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $21.82M-57.8%
    |
    EPS: $-1.30-134.2%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $162.39M+69.1%
    |
    EPS: $3.71+550.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $43.74M+101.5%
    |
    EPS: $0.01-110.0%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 13, 2024|
    Revenue: $35.22M+71.5%
    |
    EPS: $-0.78+1850.0%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $51.74M+230.7%
    |
    EPS: $3.80+826.8%
    Meet
  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Dec 19, 2023|
    Revenue: $21.70M-31.5%
    |
    EPS: $-0.10+402.5%
    Meet