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Hut 8 Mining Corp. HUT Q1 2025 earnings

Reported May 8, 2025 · Before market open

Revenue$21.8MMiss by $27.3M
EPS-$0.18Miss by $0.06
Revenue estimate$49.1M
EPS estimate-$0.12

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$73.4M
EPS estimate-$0.88

Financials

Q1 2025

Income statement

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Revenue$21.8M-57.8%
Gross profit$3.2M-86.6%
Operating income-$147.7M-155%
Net income-$133.9M-153%
EPS (diluted)-$1.30-147%

Balance sheet

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Cash & equivalents$108.4M+839%
Total debt$52.4M-76.1%
Total equity$960.0M+31.1%
Total assets$1.6B+57.3%

Cash flow

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Operating cash flow-$33.8M-28.5%
CapEx$63.3M+370%
Free cash flow-$97.2M-144%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$1.21B+22.9%
Enterprise value$1.15B-3.2%
P/S9.1×-1.1×

Profitability

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Gross margin41.7%-2.7pp
Operating margin34.7%-256pp
Net margin-39.9%-215pp
FCF margin-188.7%-380pp

Returns & leverage

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Return on equity-6.3%-50.4pp
Debt / equity0.1×-0.2×
Current ratio1.3×+1.0×

Segments

By segment

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High Performance Computing Colocation And Cloud$16.1M-49.8%
Power$4.4M-55.9%
Digital Infrastructure$1.3M-77.5%

By product

See full
High Performance Computing Colocation And Cloud$16.1M-49.8%
Power$4.4M-55.9%
Digital Infrastructure$1.3M-77.5%

By geography

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US$13.5M-63.4%
CA$8.3M-44.1%

FAQ

When did Hut 8 Mining Corp. report Q1 2025 earnings?
Hut 8 Mining Corp. (HUT) reported Q1 2025 earnings on May 8, 2025 before market open.
What were Hut 8 Mining Corp.'s Q1 2025 revenue and EPS?
Hut 8 Mining Corp. reported revenue of $21.8M and eps of $-0.18 for Q1 2025.
Did Hut 8 Mining Corp. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $49.1M by $27.3M. EPS missed the consensus estimate of $-0.12 by $0.06.
How did Hut 8 Mining Corp.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 57.8% from $51.7M a year earlier and eps declined 5.9% from $-0.17.
Where can I find Hut 8 Mining Corp.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001558370-25-006847) and the 10-Q periodic report (0001558370-25-006845) directly on SEC EDGAR. The filing index links above go to sec.gov.