Hut 8 (HUT)
Develops power and data centers for AI, cloud services, and Bitcoin mining.
$109.93
vs last close+6.51 (+6.29%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Jan 2024 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 29 | 52 | −37 | 44 | 340 | 22 | 41 | 160 | −313 | 71 | 75 |
| Cost of revenue | 14 | 15 | 28 | 21 | 18 | 20 | 19 | 22 | 32 | 35 | 26 | 1 |
| Gross profit | 8 | 14 | 24 | −57 | 26 | 320 | 3 | 20 | 128 | −348 | 45 | 74 |
| 9 | 5 | −243 | 29 | 28 | 38 | 151 | −168 | 54 | 85 | 120 | 254 | |
| 4 | 25 | 20 | 18 | 16 | 19 | 21 | 30 | 26 | 46 | 82 | 76 | |
| General & administrative | 4 | 25 | 20 | 18 | 16 | 19 | 21 | 30 | 26 | 46 | 82 | 76 |
| Other expenses | 5 | −20 | −263 | 12 | 12 | 19 | 130 | −198 | 28 | 40 | 38 | 177 |
| Operating income | −1 | 8 | 267 | −87 | −2 | 282 | −148 | 188 | 74 | −434 | −75 | −206 |
| −4 | −1 | −4 | 14 | 3 | −22 | −7 | −23 | −4 | 54 | −227 | −2 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27 |
| Interest expense | 6 | 5 | 6 | 6 | 8 | 10 | 7 | 8 | 9 | 6 | 9 | −51 |
| Other non-operating income | −2 | −4 | −2 | −20 | 0 | 12 | −1 | 14 | −4 | −59 | 218 | 0 |
| Income before tax | −4 | 8 | 263 | −72 | 1 | 260 | −155 | 165 | 70 | −380 | −302 | −209 |
| Income tax expense | 0 | 0 | 4 | −2 | 0 | 110 | −20 | 28 | 19 | −78 | −49 | 31 |
| Net income from continuing operations | −4 | 8 | 258 | −70 | 1 | 150 | −134 | 137 | 51 | −302 | −253 | −150 |
| Discontinued operations | 0 | 0 | −8 | −2 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −4 | 8 | 251 | −72 | 1 | 152 | −134 | 137 | 50 | −280 | −220 | −150 |
| EPS, basic | −$0.10 | $0.23 | $2.81 | −$0.78 | $0.01 | $1.53 | −$1.30 | $1.32 | $0.48 | −$2.64 | −$1.98 | −$1.27 |
| EPS, diluted | −$0.10 | $0.21 | $2.68 | −$0.78 | $0.01 | $1.53 | −$1.30 | $1.18 | $0.43 | −$2.58 | −$1.98 | −$1.27 |
| Weighted average shares, basic | 43 | 48 | 89 | 90 | 91 | 91 | 103 | 104 | 106 | 105 | 111 | 118 |
| Weighted average shares, diluted | 43 | 50 | 94 | 90 | 96 | 101 | 103 | 119 | 122 | 105 | 111 | 118 |
| EBITDA | 6 | 18 | 281 | −55 | 20 | 285 | −132 | 194 | 107 | −334 | −254 | −130 |
| Depreciation & amortization | 4 | 6 | 12 | 12 | 11 | 15 | 16 | 21 | 28 | 40 | 39 | 40 |
| EBIT | 1 | 12 | 269 | −66 | 9 | 270 | −147 | 173 | 78 | −374 | −293 | 0 |
