Hut 8 Corp. (HUT)

HUT Financials

HUT Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	-40.963M	71.017M	-313.384M	160.105M	41.299M	21.815M	339.851M	43.735M	-36.627M
Cost of Goods Sold	114.663M	25.548M	35.009M	32.330M	21.776M	18.659M	20.313M	17.559M	20.636M
Gross Profit	-155.626M	45.469M	-348.393M	127.775M	19.523M	3.156M	319.538M	26.176M	-57.263M
Gross Profit Margin	64.0%	64.0%	111.2%	79.8%	47.3%	14.5%	94.0%	59.9%	156.3%
Total Operating Expenses	90.980M	120.182M	85.481M	53.653M	-168.336M	150.806M	37.624M	27.745M	29.430M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	183.488M	81.740M	45.732M	25.858M	30.158M	21.059M	18.844M	16.175M	17.899M
Operating Income (EBIT)	-246.606M	-74.713M	-433.874M	74.122M	187.859M	-147.650M	281.914M	-1.569M	-86.693M
Operating Margin	-105.2%	-105.2%	138.4%	46.3%	454.9%	-676.8%	83.0%	-3.6%	236.7%
Income Before Tax (EBT)	-447.387M	-302.077M	-379.998M	69.631M	165.057M	-154.524M	260.146M	1.361M	-72.326M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	31.847M	9.243M	5.592M	8.616M	8.396M	7.469M	9.563M	7.938M	6.012M
Other Income/Expense	-200.781M	-227.364M	53.876M	-4.491M	-22.802M	-6.874M	-21.768M	2.930M	14.367M
Net Income	-312.109M	-219.849M	-279.681M	50.109M	137.312M	-133.889M	152.225M	647K	-71.866M
Income Tax Expense	-80.573M	-48.942M	-78.224M	19.019M	27.574M	-20.205M	110.482M	453K	-1.874M
Net Profit Margin	-309.6%	-309.6%	89.2%	31.3%	332.5%	-613.7%	44.8%	1.5%	196.2%
EBITDA	-286.997M	-253.713M	-333.978M	106.714M	193.980M	-131.520M	284.657M	20.217M	-54.518M
EBITDA Margin	-357.3%	-357.3%	106.6%	66.7%	469.7%	-602.9%	83.8%	46.2%	148.8%
Depreciation & Amortization	128.543M	39.121M	40.428M	28.467M	20.527M	15.535M	14.948M	10.918M	11.796M
EPS Basic	-2.82	-1.98	-2.64	0.48	1.32	-1.30	1.53	0.01	-0.78
EPS Diluted	-2.95	-1.98	-2.58	0.43	1.18	-1.30	1.53	0.01	-0.78
Shares Outstanding	111.065M	111.065M	105.329M	105.566M	104.246M	102.855M	91.321M	91.182M	90.193M
Diluted Shares Outstanding	111.065M	111.065M	105.329M	121.762M	119.019M	102.855M	101.048M	96.407M	90.193M

HUT Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	01/12/2024	06/30/2023	06/30/2022	12/31/2021	06/30/2021	12/31/2020
Revenue	15.081M	162.385M	72.316M	65.477M	—	62.604M	—	7.125M
Cost of Goods Sold	107.774M	86.655M	40.804M	32.545M	—	20.384M	—	48.509M
Gross Profit	-92.693M	75.730M	31.511M	32.932M	—	42.220M	—	-16.559M
Gross Profit Margin	-614.6%	46.6%	43.6%	50.3%	—	67.4%	—	-232.4%
Total Operating Expenses	224.708M	-384.809M	24.437M	84.784M	—	57.885M	—	2.015M
Research & Development	0.00	0.00	0.00	0.00	—	0.00	—	0.00
Selling, General & Administrative	122.807M	72.917M	36.993M	20.642M	—	24.766M	—	2.015M
Operating Income (EBIT)	-317.401M	460.539M	7.074M	-51.852M	—	-20.166M	—	-18.315M
Operating Margin	-2104.6%	283.6%	9.8%	-79.2%	—	-32.2%	—	-257.0%
Income Before Tax (EBT)	-299.834M	451.910M	16.537M	-50.433M	—	-27.208M	—	-18.649M
Interest Income	—	—	—	696K	—	2.256M	—	7K
Interest Expense	30.073M	29.794M	18.773M	5.731M	—	1.072M	—	1.922M
Other Income/Expense	17.567M	-8.629M	9.462M	1.419M	—	-7.042M	—	-334K
Net Income	-226.149M	331.882M	16.451M	-49.529M	-56.457M	-25.143M	—	-15.151M
Income Tax Expense	-51.836M	113.457M	143K	-904K	—	5.159M	—	-11.243M
Net Profit Margin	-1499.6%	204.4%	22.7%	-75.6%	—	-40.2%	—	-212.6%
EBITDA	-165.248M	528.709M	43.595M	-14.946M	—	-6.184M	—	-1.875M
EBITDA Margin	-1095.7%	325.6%	60.3%	-22.8%	—	-9.9%	—	-26.3%
Depreciation & Amortization	104.513M	47.005M	8.286M	14.399M	18.082M	9.482M	—	3.727M
EPS Basic	-2.14	3.71	0.46	-4.97	—	-1.21	—	0.76
EPS Diluted	-2.14	3.40	0.44	-4.97	—	-1.21	—	0.75
Shares Outstanding	105.329M	91.321M	47.803M	37.554M	—	26.831M	—	18.767M
Diluted Shares Outstanding	105.329M	101.048M	49.805M	37.554M	—	26.831M	—	18.849M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Hut 8 Corp.

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.

Miami, FL

248 employees

www.hut8.com

Technology / Software - Services

Sector: Technology
Industry: Software - Services
CEO: Asher Genoot

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