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Other financials

Income statement

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Revenue$74.9M+81.4%
Gross profit$48.0M+146%
Operating income-$206.3M-210%
Net income-$150.2M-209%
EPS (diluted)$1.27+7.6%

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%
Free cash flow-$63.8M+34.3%

Valuation

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Market cap$11.43B+430%
Enterprise value$11.29B+340%
P/S36×+20.4×

Profitability

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Gross margin62.3%+18.9pp
Operating margin-295.3%-527pp
Net margin-188.6%-301pp
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×

Where this comes from

Reported directly by Hut 8 Mining Corp. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireMachineryAndEquipment.

The source filing: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:45 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-055891
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Proceeds from sale of digital assets3,433
Bitcoin purchased(61,317)
Deposits for future sites(16,839)
Purchases of property and equipment(36,617)(63,336)
Proceeds from sale of property and equipment2,563
Net proceeds from sale of Far North JV, net of cash divested63,601
Additions to intangible assets(896)
Net cash used in investing activities(51,172)(58,236)

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s capex?
Hut 8 Mining Corp. (HUT) reported capex of $36.62M in Q1 2026.
How has Hut 8 Mining Corp.'s capex changed year-over-year?
Hut 8 Mining Corp.'s capex decreased by 42.2% year-over-year, from $63.34M to $36.62M.
What is the long-term trend for Hut 8 Mining Corp.'s capex?
Over 2 years (2023 to 2025), Hut 8 Mining Corp.'s capex has grown at a 704.0% compound annual growth rate (CAGR), from $3.14M to $202.93M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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