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Hut 8 Mining Corp.

HUT

Hut 8 is an energy infrastructure platform that integrates power, digital infrastructure, and compute to support energy-intensive technology applications.

Market cap
$11.78B+470%
Revenue$284.3M+115%
Net income-$312.1M-490%
Free cash flow-$308.8M-23.6%
EPS (diluted)-$3.00-384%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$80.2M
EPS estimate-$0.45

Financials

Q1 2026

Income statement

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Revenue$71.0M+226%
Gross profit$45.5M+1,341%
Operating income-$370.4M-151%
Net income-$219.8M-64.2%
EPS (diluted)-$1.98-52.3%

Balance sheet

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Cash & equivalents$160.0M+47.6%
Total debt$18.2M-65.3%
Total equity$1.4B+43.7%
Total assets$2.6B+66.0%

Cash flow

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Operating cash flow-$27.2M+19.6%
CapEx$36.6M-42.2%
Free cash flow-$63.8M+34.3%

Valuation & ratios

Valuation

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Market cap$11.78B+470%
Enterprise value$11.63B+495%
P/S41.4×+26.1×

Profitability

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Gross margin59.7%+17.9pp
Operating margin-191.6%-226pp
Net margin-109.8%-256pp
FCF margin-108.6%-32.4pp

Returns & leverage

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Return on equity-26.7%-38.4pp
Debt / equity0.0×
Current ratio0.9×-0.4×

Segments

By segment

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High Performance Computing Colocation And Cloud$66.0M+309%
Digital Infrastructure$28.6M+2,069%
Power$8.1M+86.0%

By product

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High Performance Computing Colocation And Cloud$66.0M+309%
Power$3.7M-14.6%
Digital Infrastructure$1.3M-1.1%

By geography

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US$65.6M+384%
CA$5.4M-34.2%

Competitors

Profile

Hut 8 is an energy infrastructure platform that integrates power, digital infrastructure, and compute to support energy-intensive technology applications. The company utilizes a power-first strategy to develop and operate data centers for AI, high-performance computing, and ASIC-based Bitcoin mining. By vertically integrating energy assets with specialized hardware, the company aims to optimize returns across the infrastructure value chain.

Competitive position

Hut 8 differentiates itself through a power-first strategy and vertical integration, allowing it to secure scarce energy capacity before developing specialized data center infrastructure.

GeographiesUnited States, Canada
Customer segmentsEnterprise, Financial Institutions, Government, Technology Companies
Business modelInfrastructure-as-a-Service, Colocation, Managed Services, Hardware Monetization
SuppliersUtility providers, Grid operators, GPU and ASIC manufacturers, Electrical equipment suppliers
CustomersAI and machine learning developers, Bitcoin mining participants, Enterprise cloud users, Institutional capital providers
CountryCanada
Listed2023
Employees219.0
CEOAsher Genoot
Websitehut8.com
FilingsSEC EDGAR

Questions, answered.

What is Hut 8 Mining Corp.'s market cap?
Hut 8 Mining Corp. (HUT) has a market capitalization of $11.8B and trades on NASDAQ.
What is Hut 8 Mining Corp.'s revenue and profitability?
Hut 8 Mining Corp. generated $284.3M in trailing twelve-month revenue with a net loss of $312.1M, representing a net margin of -109.8%. Gross margin stands at 59.7%, with free cash flow of -$308.8M. These figures are based on the Q1 2026 filing.
Who are Hut 8 Mining Corp.'s competitors?
Hut 8 Mining Corp.'s key competitors include Constellation Energy, Equinix, Riot Platforms, and others. These companies compete in similar markets and product categories.
Who does Hut 8 Mining Corp. partner with?
Hut 8 Mining Corp.'s notable partners include Fluidstack, Google.
What subsidiaries does Hut 8 Mining Corp. have?
Hut 8 Mining Corp.'s subsidiaries include Hut 8 Canada, American Bitcoin, Highrise AI.
Where is Hut 8 Mining Corp. headquartered?
Hut 8 Mining Corp. is headquartered in Canada and employs approximately 219 people. It has been publicly traded since 2023.