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Hut 8 Mining Corp. HUT Mining Properties And Mineral Rights — Cost Of Revenue

Discontinued — last reported Q3 '22

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Other financials

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

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Market cap$14.01B+331%
Enterprise value$13.87B+340%
P/S49.3×+24.7×

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×

Where this comes from

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

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Hut 8 Mining Corp.’s 10-Q, filed December 19, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hut 8 Mining Corp.'s mining properties and mineral rights — cost of revenue?
Hut 8 Mining Corp. (HUT) reported mining properties and mineral rights — cost of revenue of $3.11M in Q3 2022.
What does mining properties and mineral rights — cost of revenue mean?
The direct expenses incurred to generate revenue from digital asset mining operations.
How do you interpret mining properties and mineral rights — cost of revenue?
An increase relative to revenue suggests declining mining margins or rising energy costs, whereas a decrease indicates improved operational efficiency or lower power consumption.
How does mining properties and mineral rights — cost of revenue compare across companies?
Comparable to 'Cost of Mining' or 'Direct Mining Expenses' reported by peer companies in the blockchain infrastructure sector.