See more : Lufax Holding Ltd (LU) Income Statement Analysis – Financial Results
Complete financial analysis of Hut 8 Mining Corp. (HUT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hut 8 Mining Corp., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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Hut 8 Mining Corp. (HUT)
About Hut 8 Mining Corp.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 81.80M | 150.68M | 173.77M | 40.71M | 81.99M | 49.44M | 6.74M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 60.63M | 175.65M | 84.98M | 61.81M | 79.86M | 72.92M | 788.53K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.17M | -24.97M | 88.80M | -21.10M | 2.13M | -23.48M | 5.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 25.88% | -16.57% | 51.10% | -51.83% | 2.60% | -47.50% | 88.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 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 |
| General & Administrative | 93.15M | 42.16M | 29.57M | 2.57M | 4.76M | 7.76M | 3.25M | 105.96K | 105.44K | 57.11K | 225.22K | 168.87K | 0.00 |
| Selling & Marketing | -58.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 133.96K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 34.43M | 42.16M | 29.57M | 2.57M | 4.76M | 7.76M | 3.38M | 105.96K | 105.44K | 57.11K | 225.22K | 168.87K | 0.00 |
| Other Expenses | 0.00 | 8.31M | 10.69M | 5.65K | -67.25K | 448.26K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 34.43M | 50.47M | 40.26M | 2.57M | 4.76M | 25.62M | 5.28M | 105.96K | 105.44K | 57.11K | 225.22K | 168.87K | 0.00 |
| Cost & Expenses | 95.06M | 226.12M | 125.24M | 64.38M | 84.62M | 98.55M | 6.07M | 105.96K | 105.44K | 57.11K | 225.22K | 168.87K | 0.00 |
| Interest Income | 31.01M | 922.00K | 2.85M | 8.30K | 41.24K | 32.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 7.59M | 1.36M | 2.45M | 4.83M | 904.51K | 0.00 | 0.00 | 0.00 | 25.00K | 0.00 | 2.00K | 0.00 |
| Depreciation & Amortization | 14.61M | 94.53M | 25.96M | 4.75M | 33.05M | 47.02M | 924.95K | 22.82K | 0.00 | 25.00K | 0.00 | -2.00K | 0.00 |
| EBITDA | 1.36M | 3.57M | 74.67M | -2.39M | 30.40M | -2.76M | 2.30M | -105.96K | -105.44K | -32.11K | -225.22K | -168.87K | 0.00 |
| EBITDA Ratio | 1.66% | 2.37% | 42.97% | -5.87% | 37.07% | -5.58% | 34.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -13.26M | -90.96M | 48.72M | -7.14M | -2.66M | -49.11M | 1.38M | -105.96K | -105.44K | -57.11K | -225.22K | -166.87K | 0.00 |
| Operating Income Ratio | -16.21% | -60.37% | 28.03% | -17.53% | -3.24% | -99.33% | 20.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 21.07M | -142.26M | -115.81M | 11.13M | 4.79M | -85.63M | -703.96K | 0.00 | 0.00 | -25.00K | 0.00 | -2.00K | 0.00 |
| Income Before Tax | 7.81M | -233.22M | -67.09M | 3.99M | 2.13M | -136.77M | 673.63K | -105.96K | -105.44K | -82.11K | -225.22K | -168.87K | 0.00 |
| Income Before Tax Ratio | 9.55% | -154.78% | -38.61% | 9.80% | 2.60% | -276.63% | 10.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -568.22K | 9.59M | 5.62M | -15.05M | 4.76M | 86.08M | 106.56K | 0.00 | 0.00 | 25.00K | 0.00 | 2.00K | 0.00 |
| Net Income | 8.38M | -242.81M | -72.71M | 19.04M | -2.63M | -136.77M | 567.07K | -105.96K | -105.44K | -82.11K | -225.22K | -168.87K | 0.00 |
| Net Income Ratio | 10.24% | -161.14% | -41.84% | 46.77% | -3.21% | -276.63% | 8.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.16 | -6.47 | -2.71 | 1.01 | -0.15 | -2.43 | 0.04 | -0.19 | -0.19 | -0.14 | -0.40 | -0.40 | 0.00 |
| EPS Diluted | 0.10 | -2.98 | -1.05 | 0.27 | -0.03 | -2.43 | 0.01 | -0.19 | -0.19 | -0.14 | -0.40 | -0.40 | 0.00 |
| Weighted Avg Shares Out | 51.27M | 37.55M | 26.83M | 18.77M | 17.88M | 56.19M | 16.06M | 568.41K | 568.41K | 568.41K | 568.41K | 421.73K | 246.31K |
| Weighted Avg Shares Out (Dil) | 81.48M | 81.48M | 69.27M | 69.27M | 84.25M | 56.19M | 43.63M | 568.41K | 568.41K | 568.41K | 568.41K | 421.73K | 246.31K |
Media Advisory: Hut 8 Announces Conference Call to Discuss Second Quarter 2024 Results
MIAMI, July 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...
Small-Cap Crypto Stars: TeraWulf, Hut 8 Surge Over 40% YTD
In a remarkable display of resilience and growth, TeraWulf Inc. WULF and Hut 8 Corp. HUT have emerged as standout performers in the small-cap crypto mining sector, each delivering impressive year-to-date returns of over 40%.
Hut 8 (HUT) Soars 17.9%: Is Further Upside Left in the Stock?
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Hut 8 Executes Definitive Agreements for Site in West Texas with 205 MW of Immediately Available Power Capacity
Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity; Expands Hut 8's energy infrastructure platform to approximately 1.3 gigawatts across verticals; Data center engineering, procurement, and construction efforts underway...
Hut 8 Executes Definitive Agreements for Site in West Texas with 205 MW of Immediately Available Power Capacity
Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity
Hut 8 Operations Update for June 2024
17.8 EH/s and 762 MW under management; $150 million investment from Coatue to support the buildout of next generation AI infrastructure platform; Near-term visibility to conversion of projects in previously announced pipeline of 1,100 MW of energy under exclusivity; AI...
Hut 8 Operations Update for June 2024
17.8 EH/s and 762 MW under management $150 million investment from Coatue to support the buildout of next generation AI infrastructure platform
Hut 8 Announces Closing of $150 Million Investment from Coatue
MIAMI, July 01, 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, is pleased to announce...
Hut 8 Announces Closing of $150 Million Investment from Coatue
Miami, July 01, 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, is pleased to announce...
Source: https://incomestatements.info
Category: Stock Reports