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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%
CapEx$36.6M-42.2%
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:Goodwill.

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 itemMarch 31, 2026December 31, 2025
Investment in unconsolidated joint venture43,58845,158
Other investments6,3786,378
Intangible assets, net10,16411,141
Goodwill209,159210,087
Total non-current assets2,393,1702,345,537
Total assets$2,609,744$2,753,720
Liabilities and stockholders’ equity
Current liabilities

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s goodwill?
Hut 8 Mining Corp. (HUT) reported goodwill of $209.16M in Q1 2026.
How has Hut 8 Mining Corp.'s goodwill changed year-over-year?
Hut 8 Mining Corp.'s goodwill increased by 293.4% year-over-year, from $53.17M to $209.16M.
What is the long-term trend for Hut 8 Mining Corp.'s goodwill?
Over 2 years (2023 to 2025), Hut 8 Mining Corp.'s goodwill has grown at a 91.0% compound annual growth rate (CAGR), from $57.6M to $210.09M.
What does goodwill mean?
The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

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