Hut 8 Corp. (HUT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1101 BRICKELL AVENUE, SUITE 1500 MIAMI, FL 33131 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 9/30/2023 Q1 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 72,282 | 175,476 | 11,546 | 12,744 | |||
| Cash and cash equivalent | 72,282 | 175,476 | 11,546 | 12,744 | |||
| Restricted cash and investments | 629 | 621 | 628 | ||||
| Receivables | 8,010 | 7,566 | 7,744 | 461 | |||
| Prepaid expense | 2,246 | ||||||
| Derivative instruments and hedges, assets | |||||||
| Asset, held-for-sale, not part of disposal group | 1,953 | ||||||
| Intangible current assets | 1,253 | ||||||
| Other undisclosed current assets | 27,085 | 11,994 | 11,674 | 7,990 | |||
| Total current assets: | 110,252 | 195,657 | 33,545 | 22,448 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 25,274 | 26,084 | 26,528 | ||||
| Operating lease, right-of-use asset | 20,654 | 13,045 | 13,449 | 493 | |||
| Property, plant and equipment | 66,201 | ||||||
| Long-term investments and receivables | 90,069 | 87,232 | 82,556 | 84,308 | |||
| Long-term investments | 90,069 | 87,232 | 82,556 | 84,308 | |||
| Intangible assets, net (including goodwill) | 71,134 | 71,126 | 72,653 | 5,378 | |||
| Goodwill | 56,436 | 55,788 | 56,351 | ||||
| Intangible assets, net (excluding goodwill) | 14,698 | 15,338 | 16,302 | 5,378 | |||
| Prepaid expense | 232 | ||||||
| Deposits noncurrent assets | 254 | ||||||
| Other undisclosed noncurrent assets | 781,608 | 693,833 | 770,309 | ||||
| Total noncurrent assets: | 988,971 | 891,320 | 965,495 | 156,634 | |||
| TOTAL ASSETS: | 1,099,223 | 1,086,977 | 999,040 | 179,082 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 31,322 | 41,266 | 31,872 | 7,825 | |||
| Accounts payable | 4,311 | ||||||
| Accrued liabilities | 2,168 | 3,514 | |||||
| Other undisclosed accounts payable and accrued liabilities | 31,322 | 41,266 | 29,704 | ||||
| Deferred revenue | 5,635 | 554 | 1,143 | 1,352 | |||
| Debt | 69,986 | 69,833 | 71,482 | 985 | |||
| Derivative instruments and hedges, liabilities | 921 | 3,625 | |||||
| Other liabilities | 711 | ||||||
| Other undisclosed current liabilities | 2,614 | 1,510 | 3,474 | 404 | |||
| Total current liabilities: | 110,478 | 116,788 | 107,971 | 11,277 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 252,549 | 285,183 | 132,765 | 140,847 | |||
| Long-term debt, excluding current maturities | 232,341 | 263,858 | 110,621 | 140,847 | |||
| Finance lease, liability | 20,208 | 21,325 | 22,144 | ||||
| Liabilities, other than long-term debt | 21,966 | 14,950 | 15,979 | 2,004 | |||
| Deferred income tax liabilities | 3,145 | 2,655 | 2,881 | 1,166 | |||
| Operating lease, liability | 18,821 | 12,295 | 13,098 | 838 | |||
| Other undisclosed noncurrent liabilities | 1,734 | 1,734 | 1,734 | 1,650 | |||
| Total noncurrent liabilities: | 276,249 | 301,867 | 150,478 | 144,501 | |||
| Total liabilities: | 386,727 | 418,655 | 258,449 | 155,778 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | 703,915 | 660,136 | 731,982 | 23,304 | |||
| Common stock | 935 | 909 | 894 | ||||
| Additional paid in capital | 623,263 | 588,080 | 580,812 | 35,673 | |||
| Accumulated other comprehensive income (loss) | 312 | (7,611) | (348) | ||||
| Retained earnings (accumulated deficit) | 79,405 | 78,758 | 150,624 | (110,872) | |||
| Other undisclosed equity, attributable to parent | 98,503 | ||||||
| Equity, attributable to noncontrolling interest | 8,581 | 8,186 | 8,609 | ||||
| Total equity: | 712,496 | 668,322 | 740,591 | 23,304 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,099,223 | 1,086,977 | 999,040 | 179,082 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 9/30/2023 Q1 | ||
|---|---|---|---|---|---|---|
| Revenues | 43,735 | 35,215 | 51,741 | 21,703 | ||
| Cost of revenue | (17,559) | (20,636) | (28,147) | (11,795) | ||
| Gross profit: | 26,176 | 14,579 | 23,594 | 9,908 | ||
| Operating expenses | (26,193) | (29,430) | (31,281) | (10,573) | ||
| Other undisclosed operating income (loss) | (1,552) | (71,842) | 274,574 | |||
| Operating income (loss): | (1,569) | (86,693) | 266,887 | (665) | ||
| Nonoperating income (expense) | 2,930 | 14,367 | (4,158) | (3,648) | ||
| Gain (loss), foreign currency transaction, before tax | 703 | 720 | (2,399) | |||
| Interest and debt expense | 5,966 | (6,012) | (6,281) | (5,723) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 7,327 | (78,338) | 256,448 | (10,036) | ||
| Income from equity method investments | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (5,966) | 6,012 | 6,281 | 5,723 | ||
| Income (loss) from continuing operations before income taxes: | 1,361 | (72,326) | 262,729 | (4,313) | ||
| Income tax expense (benefit) | (453) | 1,874 | (4,396) | (61) | ||
| Income (loss) from continuing operations: | 908 | (70,452) | 258,333 | (4,374) | ||
| Income (loss) from discontinued operations | (1,738) | (7,626) | ||||
| Net income (loss): | 908 | (72,190) | 250,707 | (4,374) | ||
| Net income (loss) attributable to noncontrolling interest | (261) | 324 | 169 | |||
| Net income (loss) available to common stockholders, basic: | 647 | (71,866) | 250,876 | (4,374) | ||
| Dilutive securities, effect on basic earnings per share | ||||||
| Net income (loss) available to common stockholders, diluted: | 647 | (71,866) | 250,876 | (4,374) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 9/30/2023 Q1 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 908 | (72,190) | 250,707 | (4,374) | ||
| Other undisclosed comprehensive income (loss) | 8,057 | (7,362) | (11,074) | |||
| Comprehensive income (loss): | 8,965 | (79,552) | 239,633 | (4,374) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (395) | 423 | 134 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,570 | (79,129) | 239,767 | (4,374) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.