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Hut 8 Corp. Common Stock

Financial Services US HUT

24.265USD
-1.865(7.14%)

Last update at 2024-12-19T18:55:00Z

Day Range

23.8427.58
LowHigh

52 Week Range

6.1822.75
LowHigh

Fundamentals

  • Previous Close 26.13
  • Market Cap838.84M
  • Volume4839356
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA329.26M
  • Revenue TTM157.30M
  • Revenue Per Share TTM2.50
  • Gross Profit TTM -24.96700M
  • Diluted EPS TTM-0.78

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax -70.87700M -233.22000M -67.09014M 3.99M 2.13M
Minority interest - - - - -
Net income -69.42500M -242.81300M -72.71043M 19.04M -2.62824M
Selling general administrative 27.83M 42.16M 29.57M 2.57M 4.76M
Selling and marketing expenses - - - - -
Gross profit 37.39M -24.96700M 88.80M -21.09994M 2.13M
Reconciled depreciation 17.73M 94.53M 23.29M 21.26M 33.05M
Ebit - -90.96000M 48.72M -7.13810M -2.65838M
Ebitda - 3.57M 74.67M -2.38854M 30.40M
Depreciation and amortization - 94.53M 25.96M 4.75M 33.05M
Non operating income net other - - - - -
Operating income -7.94700M -90.96000M 48.72M -7.13810M -2.65838M
Other operating expenses - 226.12M 125.24M 64.38M 84.62M
Interest expense 29.64M 7.59M 1.36M 2.45M 4.83M
Tax provision -1.45200M 9.59M 5.62M -15.04871M -
Interest income - 0.92M 2.85M 0.00830M 0.04M
Net interest income -29.64200M -6.67000M 1.50M -2.44087M -4.78482M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - 9.59M 5.62M -15.04871M 4.76M
Total revenue 73.90M 150.68M 173.77M 40.71M 81.99M
Total operating expenses 81.84M 50.47M 40.26M 2.57M 4.76M
Cost of revenue 36.51M 175.65M 84.98M 61.81M 79.86M
Total other income expense net -33.28800M -142.26000M -115.80590M 11.13M 4.79M
Discontinued operations - - - - -
Net income from continuing ops -69.42500M -242.81300M -72.71043M 19.04M 2.13M
Net income applicable to common shares - -242.81300M -72.71043M 19.04M 2.13M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 412.94M 720.71M 145.20M 71.24M 82.90M
Intangible assets 3.59M - 0.60M 0.63M 0.38M
Earning assets - - - - -
Other current assets 203.63M 323.95M 75.51M 10.48M 0.08M
Total liab 55.55M 154.74M 29.65M 28.54M 50.24M
Total stockholder equity 357.39M 565.97M 115.55M 42.70M 32.66M
Deferred long term liab - - - - -
Other current liab 7.96M 2.50M 0.16M 1.93M 1.00M
Common stock 767.64M 636.60M 178.23M 170.62M 162.73M
Capital stock 767.64M 636.60M 178.23M 170.62M 162.73M
Retained earnings -431.07300M -188.25950M -115.54907M -134.58922M -136.67102M
Other liab 0.21M 104.48M - - -
Good will 11.54M - - - -
Other assets 27.22M 156.50M 0.00000M 5.78M -0.00000M
Cash 30.52M 140.13M 2.82M 2.95M 3.56M
Cash and equivalents - - - - -
Total current liabilities 30.13M 26.06M 29.65M 8.73M 21.94M
Current deferred revenue - - - - -
Net debt 16.90M -99.43216M 22.94M 23.09M 28.81M
Short term debt 16.22M 16.49M 25.76M 6.23M 4.07M
Short long term debt 11.89M 16.49M 25.46M 6.23M 4.07M
Short long term debt total 47.42M 40.69M 25.76M 26.04M 32.37M
Other stockholder equity 20.82M 14.09M 7.19M 6.67M 2.54M
Property plant equipment 124.96M 96.13M 32.52M 34.88M 58.13M
Total current assets 245.62M 468.08M 105.32M 14.69M 3.64M
Long term investments 93.58M - - - -
Net tangible assets 336.25M 565.97M 115.55M 42.70M 32.66M
Short term investments 0.85M 0.85M 3.02M - -
Net receivables 1.59M 0.65M 0.45M 0.94M -
Long term debt 14.23M 24.20M - 19.81M 28.30M
Inventory 9.89M 3.36M 26.55M 0.32M -
Accounts payable 5.96M 7.07M 3.73M 0.56M 16.87M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 103.54M 45.68M -80.15228M 4.06M
Additional paid in capital - - - - -
Common stock total equity - - 178.23M 170.62M 162.73M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 27.22M 45.74M 5.95M 21.54M 20.75M
Deferred long term asset charges - - - - -
Non current assets total 167.31M 252.63M 39.88M 56.54M 79.26M
Capital lease obligations 21.30M 2.40M 0.29M - -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -103.60800M -235.06694M -7.14061M -9.73213M -90.16348M
Change to liabilities 4.59M 5.70M 1.70M -13.07497M 8.37M
Total cashflows from investing activities -103.60800M -235.06694M -7.14061M -9.73213M -90.16348M
Net borrowings -20.95400M 15.95M -0.03021M -5.38699M 20.62M
Total cash from financing activities 99.83M 455.84M 8.30M -5.38698M 77.24M
Change to operating activities -2.67500M -3.77564M -3.77564M -3.77564M 0.05M
Net income -242.81300M -72.71043M 19.04M 2.13M -136.76554M
Change in cash -109.61200M 137.31M -0.13008M -0.61054M -19.69193M
Begin period cash flow 140.13M 2.82M 2.95M 3.56M 23.25M
End period cash flow 30.52M 140.13M 2.82M 2.95M 3.56M
Total cash from operating activities -105.03400M -80.24150M -1.29200M 14.51M -6.77249M
Issuance of capital stock 124.86M 390.89M 7.49M 0.00000M 54.84M
Depreciation 94.53M 23.29M 21.26M 33.05M 47.02M
Other cashflows from investing activities -0.73300M -148.63559M -1.32964M -0.49773M -5.80009M
Dividends paid 0.00000M 0.00000M - - -
Change to inventory - - - - -
Change to account receivables 0.09M 0.24M -0.45106M -0.45106M -0.45106M
Sale purchase of stock - - - - -
Other cashflows from financing activities -4.07500M 105.39M 7.45M 19.96M 22.40M
Change to netincome -72.62600M -32.98733M -42.84962M -7.60063M 74.55M
Capital expenditures 72.70M 86.43M 5.81M 9.23M 84.36M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 2.00M 2.17M 1.25M -13.07497M 8.42M
Stock based compensation 6.91M 9.88M -0.28443M 2.91M 3.52M
Other non cash items 24.74M -48.48298M -27.51647M -5.16471M -14.36919M
Free cash flow -177.73500M -166.67285M -7.10297M 5.27M -91.13587M

Peer Comparison

Sector: Financial Services Industry: Capital Markets

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
HUT
Hut 8 Corp. Common Stock
-1.865 7.14% 24.27 - 29.41 5.68 1.41 11.67 -36.6842
MS
Morgan Stanley
0.69 0.57% 121.72 16.50 13.76 2.80 1.65
SCHW
Charles Schwab Corp
0.28 0.39% 74.25 22.86 17.39 6.14 4.28
GS
Goldman Sachs Group Inc
8.62 1.57% 558.87 18.44 10.60 2.83 1.16
CIIHY
CITIC Securities Co Ltd ADR
- -% 30.18 15.86 7.89 0.98 1.07 10.27

Reports Covered

Stock Research & News

Profile

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.

Hut 8 Corp. Common Stock

1101 Brickell Avenue, Miami, FL, United States, 33131

Key Executives

Name Title Year Born
Ms. Jaime Leverton CEO & Director 1978
Mr. Shane Downey Chief Financial Officer NA
Ms. Sue Ennis VP of Corp. Devel. NA
Ms. Viktoriya Griffin Corp. Sec. NA
Mr. James Beer Sr. VP of Operations NA
Mr. Aniss Amdiss Chief Legal Officer NA
Ms. Erin Dermer Sr. VP of Communications & Culture NA
Mr. Josh Rayner VP of Sales NA
Mr. Asher Kevin Genoot Co-Founder, CEO, President & Director 1996
Mr. Michael Ho Co- Founder, Chief Strategy Officer & Director 1994

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