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Hut 8 Mining Corp. HUT Reclassification Of Deposits And Prepaid Expenses To Property And Equipment

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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:ReclassificationOfDepositsAndPrepaidExpensesToPropertyAndEquipment.

The official record: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hut 8 Mining Corp.'s reclassification of deposits and prepaid expenses to property and equipment?
Hut 8 Mining Corp. (HUT) reported reclassification of deposits and prepaid expenses to property and equipment of $156.85M in Q1 2026.
What is the long-term trend for Hut 8 Mining Corp.'s reclassification of deposits and prepaid expenses to property and equipment?
Over 2 years (2022 to 2024), Hut 8 Mining Corp.'s reclassification of deposits and prepaid expenses to property and equipment has grown at a -92.9% compound annual growth rate (CAGR), from $79.49M to $400K.
What does reclassification of deposits and prepaid expenses to property and equipment mean?
The conversion of advance payments into fixed asset values.
How do you interpret reclassification of deposits and prepaid expenses to property and equipment?
An increase suggests active capital project completion and asset deployment, while a decrease may indicate slower capital expenditure realization.
How does reclassification of deposits and prepaid expenses to property and equipment compare across companies?
Common in capital-intensive industries like mining, energy, and manufacturing.