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Price / book at other companies

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1.7×0.0×
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Cipher Digital, Inc.
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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

Calculated from Hut 8 Mining Corp.’s reported figures.

Based on the most recent quarter.

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 price / book?
Hut 8 Mining Corp. (HUT) reported price / book of 3.8× in Q1 2026.
How has Hut 8 Mining Corp.'s price / book changed year-over-year?
Hut 8 Mining Corp.'s price / book increased by 199.9% year-over-year, from 1.3× to 3.8×.
What is the long-term trend for Hut 8 Mining Corp.'s price / book?
Over 3 years (2022 to 2025), Hut 8 Mining Corp.'s price / book has grown at a -67.1% compound annual growth rate (CAGR), from 98× to 3.5×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.