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Hut 8 Mining Corp. HUT US — Revenue

Other geography segments

CA
$5.45M-34.2%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
(in USD thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Revenue
United States$65,568$13,535
Canada5,4498,280
Total revenue$71,017$21,815

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s US — revenue?
Hut 8 Mining Corp. (HUT) reported US — revenue of $65.57M in Q1 2026.
How has Hut 8 Mining Corp.'s US — revenue changed year-over-year?
Hut 8 Mining Corp.'s US — revenue increased by 384.4% year-over-year, from $13.54M to $65.57M.
What is the long-term trend for Hut 8 Mining Corp.'s US — revenue?
Over 3 years (2022 to 2025), Hut 8 Mining Corp.'s US — revenue has grown at a 40.1% compound annual growth rate (CAGR), from $73.73M to $202.61M.
What does US — revenue mean?
This metric represents the total gross revenue generated from contracts with customers within the specified geographic segment, excluding any assessed taxes such as sales or value-added taxes. It captures the core income stream derived from the company's primary business activities, such as digital asset mining or service provision, within the designated region. This figure serves as a key indicator of the company's market penetration and operational scale in that specific territory.

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