Hut 8 Corp. (HUT)

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.

Symbol: HUT
Exchange: Nasdaq
Sector: Financial Services
Industry: Capital Markets
Market cap: $12.62B
52 week range: 31.67 - 140.8

Valuation

Share price: $102.46 (close of 2026-09-23)
P/E (TTM): -18.94x
Price to book: 7.20x
Price to free cash flow: -141.13x
Enterprise value: $20.06B
Book value per share: $14.24

Price performance

Period	Change
1 day	-0.93%
5 days	+17.65%
1 month	+26.71%
3 months	-14.98%
6 months	+93.54%
Year to date	+123.03%
1 year	+189.27%
3 years	+978.53%
5 years	+131.03%
All time	+469.54%

Profitability and growth

Return on equity: -13.39%
Return on invested capital: -13.03%
Return on assets: -8.21%
Return on capital employed: -13.54%
Gross margin: 54.16%
Net margin: -96.19%
EBITDA margin: -93.61%
Revenue growth: 44.79%
Net income growth: -168.14%
Free cash flow growth: -103.15%

Cash flow and balance sheet

Free cash flow yield (TTM): -0.71%
Current ratio: 19.35x
Net debt to EBITDA: -12.44x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $235.12M
Cost of revenue: $107.77M
Gross profit: $127.34M
EBITDA: $-220.09M
Net income: $-226.15M
Earnings per share: $-2.14
Shares outstanding: 105.33M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$235.12M	$127.34M	$-226.15M	$-2.14
2024-12-31	$162.38M	$75.73M	$331.88M	$3.71
2023-12-31	$96.05M	$41.85M	$21.85M	$0.46
2023-06-30	$82.16M	$39.05M	$-65.61M	$-1.58
2022-06-30	$73.73M	$47.95M	$-31.80M	$-0.94

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	54.16%	-96.19%	-13.39%	-13.03%
2024-12-31	46.64%	204.38%	33.85%	27.96%
2023-12-31	43.57%	22.75%	4.48%	1.39%
2023-06-30	47.53%	-79.86%	-239.69%	-39.81%
2022-06-30	65.03%	-43.13%	-36.30%	-10.05%