HUT on Nasdaq

Hut 8

Logo: hut8.com3

Cryptocurrency mining company.1

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerHUT on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersMiami1
  • Websitewww.hut8.com
  • Incorporated inDE4
  • Business address777 Brickell Avenue, Suite 200, Miami, Fl4
  • Filer categoryLarge accelerated filer4

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-136.9%Operating margin5
-96.2%Net margin5
44.8%Revenue growth, 20255
-15.9%Return on equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

High Performance Computing, Colocation And Cloud brought in 86% of the revenue Hut 8 broke down this way in fiscal 2025.

  1. High Performance Computing, Colocation And Cloud$202.3M586%up 151% from 2024
  2. Power$23.2M510%down 59% from 2024
  3. Digital Infrastructure$9.6M54%down 45% from 2024
Products and services by year
Products and services20242025
High Performance Computing, Colocation And Cloud$80.7M$202.3M
Power$56.6M$23.2M
Digital Infrastructure$17.5M$9.6M

Business segments

High Performance Computing, Colocation And Cloud brought in 61% of the revenue Hut 8 broke down this way in fiscal 2025.

  1. High Performance Computing, Colocation And Cloud$202.4M561%up 151% from 2024
  2. Digital Infrastructure$86.2M526%up 238% from 2024
  3. Power$41.9M513%down 26% from 2024
Business segments by year
Business segments20242025
High Performance Computing, Colocation And Cloud$80.7M$202.4M
Digital Infrastructure$25.5M$86.2M
Power$56.6M$41.9M

Regions

United States brought in 86% of the revenue Hut 8 broke down this way in fiscal 2025.

  1. United States$202.6M586%up 83% from 2024
  2. Canada$32.5M514%down 37% from 2024
Regions by year
Regions20242025
United States$111.0M$202.6M
Canada$51.4M$32.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue46¢$107.8M
  • Other costs32¢$75.5M
  • Income tax22¢$51.8M

Out of $235.1M in revenue.5 The company lost money this year.

Financial statements

Revenue65$235.1M in 2025+219% since 2022
0$100.0M$200.0M$300.0M2022: $73.7M$73.7M20222023: $96.0M$96.0M2023+30%2024: $162.4M$162.4M2024+69%2025: $235.1M$235.1M2025+45%
Operating income65-$322.0M in 2025+1525% since 2022
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2022: -$19.8M-$19.8M20222023: $9.4M$9.4M20232024: $460.5M$460.5M2024+4801%2025: -$322.0M-$322.0M2025
Net income65-$226.1M in 2025+611% since 2022
-$400.0M-$200.0M0$200.0M$400.0M2022: -$31.8M-$31.8M20222023: $21.9M$21.9M20232024: $331.9M$331.9M2024+1419%2025: -$226.1M-$226.1M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Total revenue$235.1M$162.4M
Total cost of revenue$107.8M$86.7M
Depreciation and amortization$101.9M$47.8M
General and administrative expenses$122.8M$72.9M
Losses (gains) on digital assets$220.0M-$509.3M
Loss (gain) on sale of property and equipment$4.6M-$634.0K
Impairment - other$4.5M
Total operating expenses (income)$449.3M-$384.8M
Operating (loss) income-$322.0M$460.5M
Foreign exchange gain (loss)$3.4M-$5.0M
Interest expense-$30.1M-$29.8M
Asset contribution costs-$22.8M
Gain on debt extinguishment$6.0M
Gain on derivatives$61.5M$6.8M
Gain on other financial liability$956.0K
Gain on warrant liability$384.0K
Gain on bargain purchase$3.1M
Equity in earnings of unconsolidated joint venture$8.7M$10.4M
Total other income (expense)$22.2M-$8.6M
(Loss) income from continuing operations before taxes-$299.8M$451.9M
Income tax benefit (provision)$51.8M-$113.5M
Net (loss) income from continuing operations-$248.0M$338.5M
(Loss) gain from discontinued operations (net of income tax benefit of nil, $2.3 million, and nil, respectively)-$7.0M
Net (loss) income-$248.0M$331.4M
Less: Net loss attributable to non-controlling interests$21.8M$473.0K
Net (loss) income attributable to Hut 8 Corp.-$226.1M$331.9M
Basic from continuing operations attributable to Hut 8 Corp. (in dollars per share)-$2.14$3.71
Diluted from continuing operations attributable to Hut 8 Corp. (in dollars per share)-$2.14$3.40
Basic (in shares)105.3M shares91.3M shares
Diluted (in shares)105.3M shares101.0M shares
Foreign currency translation adjustments$35.2M-$56.4M
Total comprehensive (loss) income-$212.8M$275.0M
Less: Comprehensive loss attributable to non-controlling interest$21.8M$549.0K
Comprehensive (loss) income attributable to Hut 8 Corp.-$191.0M$275.6M
Income tax benefit$0$2.3M

Compare Hut 8 with another company

Leadership

Who has led Hut 8, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Timeline

  1. Mar 28, 2024New chief executive Asher Genoot becomes CEO9
  2. Dec 6, 2023New chief executive Jaime Leverton becomes CEO10
  3. Jan 27, 2023Founded Hut 8 is founded26

Filings

259 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 42 major events, 95 insider forms, 15 large holders, 95 other. The latest 20:

  1. Sep 30, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Sep 30, 2026SCHEDULE 13D/A EDGAR
  3. Sep 29, 2026144 EDGAR
  4. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 28, 20268-K EDGAR
  6. Sep 24, 2026144 EDGAR
  7. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 24, 2026144 EDGAR
  9. Aug 4, 20268-K EDGAR
  10. Aug 4, 202610-Q EDGAR
  11. Jul 31, 2026SCHEDULE 13G EDGAR
  12. Jul 20, 20268-K EDGAR
  13. Jun 18, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 17, 2026144 EDGAR
  15. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 15, 20264 PRIMARY DOCUMENT EDGAR

The 259 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 15 such filings since October 2021, the latest 10:

  1. Sep 30, 2026SCHEDULE 13D/A
  2. Jul 31, 2026SCHEDULE 13G
  3. May 15, 2026SCHEDULE 13G/A
  4. Mar 26, 2026SCHEDULE 13G/A
  5. Mar 6, 2026SCHEDULE 13G
  6. Feb 2, 2026SCHEDULE 13G/A
  7. Nov 13, 2025SCHEDULE 13G
  8. Oct 23, 2025SCHEDULE 13G
  9. Sep 10, 2025SCHEDULE 13D
  10. Nov 12, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Coatue Management LLC9,715,476$1.1B2.3%New
BlackRock, Inc.9,470,255$1.1B0.0%+844,995
Vanguard Portfolio Management LLC6,231,538$719.4M0.0%+1,406,966
Lone Pine Capital LLC5,773,045$666.5M4.1%−305,906
Vanguard Capital Management LLC4,554,558$525.8M0.0%+112,481
Morgan Stanley3,320,981$383.4M0.0%+2,266,057
Geode Capital Management, LLC2,755,313$352.7M0.0%−170,167
State Street Corp2,592,537$299.3M0.0%+49,538
D. E. Shaw & Co., Inc.1,912,131$220.7M0.1%−1,090,055
Ameriprise Financial Inc1,805,197$208.4M0.0%−1,106,194
Hood River Capital Management LLC1,651,895$190.7M1.4%−191,687
Jpmorgan Chase & Co1,558,892$184.9M0.0%−345,953
Value Aligned Research Advisors, LLC1,440,342$166.3M1.0%−1,442,224
Third Point LLC1,315,000$151.8M3.3%+445,437
Goldman Sachs Group Inc1,264,042$145.9M0.0%−41,443
Avala Global LP1,252,562$144.6M5.3%+893,662
Jane Street Group, LLC1,201,989$138.8M0.1%+813,330
Nearwater Capital Markets, Ltd1,161,500$134.1M2.3%New
Citadel Advisors LLC1,018,724$117.6M0.1%+548,318
SRS Investment Management, LLC1,000,000$115.4M1.1%−2,084,905
Charles Schwab Investment Management Inc966,573$111.6M0.0%−28,711
Summit Partners Public Asset Management, LLC958,500$110.7M2.9%New
Northern Trust Corp888,329$102.6M0.0%+98,905
Wellington Management Group Llp848,448$97.9M0.0%+360,141
Newbrook Capital Advisors LP810,525$93.6M12.6%−275,726

13F reports cover disclosed long positions in U.S. stocks only.