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Hut 8 Mining Corp. HUT Common Stock Issued In Connection With Debt Extinguishment

Discontinued — last reported Q4 '24

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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 hut:CommonStockIssuedInConnectionWithDebtExtinguishment.

The official record: Hut 8 Mining Corp.’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hut 8 Mining Corp.'s common stock issued in connection with debt extinguishment?
Hut 8 Mining Corp. (HUT) reported common stock issued in connection with debt extinguishment of $7.55M in Q4 2024.
What does common stock issued in connection with debt extinguishment mean?
Shares of stock given to lenders to pay off debt.
How do you interpret common stock issued in connection with debt extinguishment?
Frequent use suggests a need to preserve cash or manage high leverage, though it results in dilution for existing shareholders.
How does common stock issued in connection with debt extinguishment compare across companies?
Common in distressed or highly leveraged companies looking to improve their balance sheet health.