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Hut 8 Mining Corp. HUT Noncontrolling interests in subsidiaries

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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$10.92B+403%
Enterprise value$10.78B+340%
P/S34.3×+18.7×

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:MinorityInterest.

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
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 112,546,250 and 110,091,358 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively1,1251,101
Additional paid-in capital1,612,7621,425,775
(Accumulated deficit) retained earnings(214,368)5,481
Accumulated other comprehensive loss(19,680)(10,432)
Total Hut 8 Corp. stockholders’ equity1,379,8391,421,925
Non-controlling interests310,337267,545
Total equity1,690,1761,689,470
Total liabilities and equity$2,609,744$2,753,720

Item 1. Financial Statements

FAQ

What is Hut 8 Mining Corp.'s noncontrolling interests in subsidiaries?
Hut 8 Mining Corp. (HUT) reported noncontrolling interests in subsidiaries of $310.34M in Q1 2026.
How has Hut 8 Mining Corp.'s noncontrolling interests in subsidiaries changed year-over-year?
Hut 8 Mining Corp.'s noncontrolling interests in subsidiaries increased by 1020.3% year-over-year, from $27.7M to $310.34M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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