Financial Services - Financial - Capital Markets - NASDAQ - CA
$ 25.26
9.16 %
$ 2.3 B
Market Cap
-32.38
P/E
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.[ Read More ]
The intrinsic value of one HUT stock under the base case scenario is HIDDEN Compared to the current market price of 25.3 USD, Hut 8 Mining Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart HUT
FINANCIALS
81.8 M
REVENUE
-13.3 M
OPERATING INCOME
8.38 M
NET INCOME
-26.5 M
OPERATING CASH FLOW
87.3 M
INVESTING CASH FLOW
-33.5 M
FINANCING CASH FLOW
48.2 M
REVENUE
-20.3 M
OPERATING INCOME
-96 M
NET INCOME
-22.5 M
OPERATING CASH FLOW
16.1 M
INVESTING CASH FLOW
227 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Hut 8 Mining Corp.
| Current Assets | 81.3 M |
| Cash & Short-Term Investments | 47.4 M |
| Receivables | 4.4 M |
| Other Current Assets | 29.5 M |
| Non-Current Assets | 896 M |
| Long-Term Investments | 109 M |
| PP&E | 175 M |
| Other Non-Current Assets | 612 M |
| Current Liabilities | 148 M |
| Accounts Payable | 19.7 M |
| Short-Term Debt | 87.2 M |
| Other Current Liabilities | 41.5 M |
| Non-Current Liabilities | 185 M |
| Long-Term Debt | 163 M |
| Other Non-Current Liabilities | 22.8 M |
EFFICIENCY
Earnings Waterfall
Hut 8 Mining Corp.
| Revenue | 81.8 M |
| Cost Of Revenue | 60.6 M |
| Gross Profit | 21.2 M |
| Operating Expenses | 34.4 M |
| Operating Income | -13.3 M |
| Other Expenses | -21.6 M |
| Net Income | 8.38 M |
RATIOS
25.88%
GROSS MARGIN
-16.21%
OPERATING MARGIN
10.24%
NET MARGIN
1.30%
ROE
0.86%
ROA
-1.59%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Hut 8 Mining Corp.
| Net Income | 8.38 M |
| Depreciation & Amortization | 14.6 M |
| Capital Expenditures | -815 K |
| Stock-Based Compensation | 32.4 M |
| Change in Working Capital | 8.86 M |
| Others | -28 M |
| Free Cash Flow | -27.3 M |
Wall Street Analysts Price Targets
Hut 8 Mining Corp.
Wall Street analysts predict an average 1-year price target for HUT of $14.6 , with forecasts ranging from a low of $7.5 to a high of $32 .
HUT Lowest Price Target
Wall Street Target
7.5 USD
-70.31%
HUT Average Price Target
Wall Street Target
14.6 USD
-42.29%
HUT Highest Price Target
Wall Street Target
32 USD
26.68%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Hut 8 Mining Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential
Hut 8 Corp HUT shares were down Thursday morning, despite the company reporting upbeat third-quarter results and Bitcoin prices surging past $90,000.
benzinga.com
- 2 days ago
Hut 8: A Third Quarter Earnings Review
Hut 8 reported $43.7 million in top-line revenue for third quarter 2024. Breaking revenue out by segment, 'Managed Services' had the largest nominal increase - mainly attributed to a $13.5 million payment from MARA. Digital Mining revenue was down 25% year over year and HPC revenue came in at just $3.4 million.
seekingalpha.com
- 3 days ago
Hut 8 Corp. (HUT) Q3 2024 Earnings Call Transcript
Hut 8 Corp. (NASDAQ:HUT ) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Asher Genoot - CEO Sean Glennan - CFO Conference Call Participants Mark Palmer - The Benchmark Company George Sutton - Craig-Hallum Capital Group Mike Colonnese - HC Wainwright John Todaro - Needham Operator Good morning, and welcome to Hut 8 Q3 2024 Financial Results Conference Call. After today's presentation, there will be an opportunity to ask questions.
seekingalpha.com
- 3 days ago
Hut 8 Reports Third Quarter 2024 Results
Strategic initiatives drive revenue growth, balance sheet strength, and competitive position across AI compute and Bitcoin mining Strategic initiatives drive revenue growth, balance sheet strength, and competitive position across AI compute and Bitcoin mining
globenewswire.com
- 4 days ago
Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k
The price of bitcoin hit a record of just shy of $75,000 Tuesday night. Industry pros look for $100k in 2025.
investors.com
- 1 week ago
Hut 8 Announces Initial ASIC Fleet Upgrade
Upgrade expected to improve average fleet efficiency from 31.7 to 19.9 J/TH and increase self-mining hashrate by ~66%
globenewswire.com
- 1 week ago
Hut 8 Operations Update for October 2024
20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s Vega site buildout advancing on track for Q2 2025 energization MIAMI, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today released its operations update for October 2024. “Following the announcement of our partnership with BITMAIN to launch the U3S21EXPH with a 15 EH/s hosting deployment, progress continues on our 205-megawatt Vega site, which will feature the custom rack-based architecture we developed in-house for the project,” said Asher Genoot, CEO of Hut 8.
globenewswire.com
- 1 week ago
Media Advisory: Hut 8 Announces Conference Call to Discuss Third Quarter 2024 Results
MIAMI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, will host a conference call and webinar on Wednesday, November 13, 2024 to review third quarter 2024 results.
globenewswire.com
- 3 weeks ago
Media Advisory: Hut 8 Announces Conference Call to Discuss Third Quarter 2024 Results
Miami, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, will host a conference call and webinar on Wednesday, November 13, 2024 to review third quarter 2024 results.
globenewswire.com
- 3 weeks ago
PIZZA HUT® UNVEILS THE 'PERSONAL PAN PIZZA HUT,' A NEW RESTAURANT EXPERIENCE EXCLUSIVELY SERVING PERSONALIZED PERSONAL PAN PIZZAS
For the First Time Ever, For A Limited Time Pizza Lovers Can Now Book a Reservation at Their Own Personal Pan Pizza Hut to Create a Personal Pan Pizza® Featuring Pizza Hut's Newest, Modern Toppings PLANO, Texas , Oct. 16, 2024 /PRNewswire/ -- Today, Pizza Hut celebrates National Pizza Month by announcing the Personal Pan Pizza Hut. Inspired by its iconic Personal Pan Pizza®, a 6-inch pizza for one, the new exploratory concept is created exclusively for pizza lovers seeking experiences designed the same way they like their pizza: customized.
prnewswire.com
- 1 month ago
Hut 8 Operations Update for September 2024
19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining GPU-as-a-service subsidiary generating revenue with first cluster fully online Outstanding balance of Anchorage Digital loan equitized at price of $16.395 per share MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today released its operations update for September 2024. “We made significant strides in scaling our compute layer across Bitcoin mining and AI this month,” said Asher Genoot, CEO of Hut 8.
globenewswire.com
- 1 month ago
Hut 8 Operations Update for September 2024
19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining GPU-as-a-service subsidiary generating revenue with first cluster fully online Outstanding balance of Anchorage Digital loan equitized at price of $16.395 per share Miami, FL, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today released its operations update for September 2024. “We made significant strides in scaling our compute layer across Bitcoin mining and AI this month,” said Asher Genoot, CEO of Hut 8.
globenewswire.com
- 1 month ago
8. Profile Summary
Hut 8 Mining Corp. HUT
COUNTRY
CA
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 2.3 B
Dividend Yield
0.00%
Description
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.
Contact
130 King Street West, Toronto, ON, M5X 2A2
https://hut8mining.com
IPO Date
March 8, 2018
Employees
219
Officers
Mr. James Beer
Senior Vice President of Operations
Mr. Asher Kevin Genoot
Co-Founder, Chief Executive Officer, President & Director
Ms. Suzanne Ennis
Head of Investor Relations
Mr. Sean Glennan
Chief Financial Officer
Mr. Michael Ho
Co-Founder, Chief Strategy Officer & Director