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US equity markets/AI Value chain/HUT

Hut 8 Corp.

HUT·NASDAQ·USD

67.34+4.37 (+6.94%)
Regular-session close·Definitions
Price history2023-12-04 — 2026-10-23Valid trading days: 725 · Through 2026-10-23 · All expected trading dates since listing are present · History update delayed
Operating history2023-03-31 — 2026-06-306 historical metrics · 14 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.

The first price reaches the verified listing date 2023-12-04. Trading-date coverage and price verification are shown separately below.

Trading dates checked for 2023-12-04 — 2026-10-23: all 725 expected dates are present. Complete dates do not establish independent verification of every price.

Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

verified-listing-start-covered

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

New Hut 8 common stock after merger; earlier Hut 8 Mining/USBTC history excluded.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2023-03-31 — 2026-06-30 · Valid observations: 70. Digital-asset and compute operations are identified separately and are not treated as banking. Company-wide financials do not replace segment analysis of mining, cloud services, token holdings and customer funds.

  • Days sales outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days inventory outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days payable outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Cash conversion cycle (average balances): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • (CFO − cash purchases of PP&E) / revenue: no cash PP&E purchase concept has been verified yet.
  • Cash purchases of PP&E / revenue: no cash PP&E purchase concept has been verified yet.
  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 2
Available metrics: 6

Financials and cash flow

Last value in range
HUT Share priceTrading day
USD25507510012515061.23
Operating marginQuarterly observations
%-600-500-400-300-200-275
Net marginQuarterly observations
%-350-300-250-20025.10.2326.01.0126.04.0126.07.0126.10.23-200

Time rangeHUT Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

725 valid price observations · 2 operating metricsFull analysis workspace
Underlying data Operating metrics: 2
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures
2026-06-302026-06-30-275.36%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
operatingIncome
-206,330,000
Revenue
74,932,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
-206,330,000
Filing date
2026-08-04
form
10-Q
accn
0001104659-26-090025
Input sign
1
sourceIds
0
hut-sec-0001104659-26-090025
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
74,932,000
Filing date
2026-08-04
form
10-Q
accn
0001104659-26-090025
Input sign
1
sourceIds
0
hut-sec-0001104659-26-090025
HUT · 10-Q · Filing version 2026-08-04
-200.44%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
Net income
-150,191,000
Revenue
74,932,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
-150,191,000
Filing date
2026-08-04
form
10-Q
accn
0001104659-26-090025
Input sign
1
sourceIds
0
hut-sec-0001104659-26-090025
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
74,932,000
Filing date
2026-08-04
form
10-Q
accn
0001104659-26-090025
Input sign
1
sourceIds
0
hut-sec-0001104659-26-090025
HUT · 10-Q · Filing version 2026-08-04
2026-03-312026-03-31-521.52%
Basis · Calculated from disclosures

Source version date: 2026-05-06

View calculation inputs · 4 items
Currency
USD
operatingIncome
-370,370,000
Revenue
71,017,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-370,370,000
Filing date
2026-05-06
form
10-Q
accn
0001104659-26-055891
Input sign
1
sourceIds
0
hut-sec-0001104659-26-055891
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
71,017,000
Filing date
2026-05-06
form
10-Q
accn
0001104659-26-055891
Input sign
1
sourceIds
0
hut-sec-0001104659-26-055891
HUT · 10-Q · Filing version 2026-05-06
-309.57%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
Net income
-219,849,000
Revenue
71,017,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-219,849,000
Filing date
2026-08-04
form
10-Q
accn
0001104659-26-090025
Input sign
1
sourceIds
0
hut-sec-0001104659-26-090025
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
71,017,000
Filing date
2026-05-06
form
10-Q
accn
0001104659-26-055891
Input sign
1
sourceIds
0
hut-sec-0001104659-26-055891
HUT · 10-Q · Filing version 2026-08-04HUT · 10-Q · Filing version 2026-05-06
2025-12-312025-12-31-491.40%
Basis · Calculated from disclosures

Source version date: 2026-02-25

View calculation inputs · 4 items
Currency
USD
operatingIncome
-434,858,000
Revenue
88,494,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
-321,994,000
Filing date
2026-02-25
form
10-K
accn
0001104659-26-019392
Input sign
1
sourceIds
0
hut-sec-0001104659-26-019392
1
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
112,864,000
Filing date
2025-11-04
form
10-Q
accn
0001104659-25-105874
Input sign
-1
sourceIds
0
hut-sec-0001104659-25-105874
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
235,118,000
Filing date
2026-02-25
form
10-K
accn
0001104659-26-019392
Input sign
1
sourceIds
0
hut-sec-0001104659-26-019392
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
146,624,000
Filing date
2025-11-04
form
10-Q
accn
0001104659-25-105874
Input sign
-1
sourceIds
0
hut-sec-0001104659-25-105874
HUT · 10-K · Filing version 2026-02-25HUT · 10-Q · Filing version 2025-11-04
-316.05%
Basis · Calculated from disclosures

Source version date: 2026-02-25

View calculation inputs · 4 items
Currency
USD
Net income
-279,681,000
Revenue
88,494,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
-226,149,000
Filing date
2026-02-25
form
10-K
accn
0001104659-26-019392
Input sign
1
sourceIds
0
hut-sec-0001104659-26-019392
1
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
53,532,000
Filing date
2025-11-04
form
10-Q
accn
0001104659-25-105874
Input sign
-1
sourceIds
0
hut-sec-0001104659-25-105874
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
235,118,000
Filing date
2026-02-25
form
10-K
accn
0001104659-26-019392
Input sign
1
sourceIds
0
hut-sec-0001104659-26-019392
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
146,624,000
Filing date
2025-11-04
form
10-Q
accn
0001104659-25-105874
Input sign
-1
sourceIds
0
hut-sec-0001104659-25-105874
HUT · 10-K · Filing version 2026-02-25HUT · 10-Q · Filing version 2025-11-04
Calculations and sources 2 items
Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

Hut 8 Corp.. The quote provider classifies its industry as Finance: Consumer Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
Hut 8 Corp.
Exchange / quote currency
NASDAQ / USD
Reporting currency
USD
Source industry classification
Finance: Consumer Services
Financial period end / Source version used
2026-06-30 / 2026-08-04
Value-chain roles (not revenue shares)
Data-center real estate and compute hosting
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
EQIXEquinix999.38+3.28%AMTAmerican Tower183.83-2.36%DLRDigital Realty179.01+2.57%IRMIron Mountain Incorporated (Delaware)115.34+2.00%IRENIREN Limited27.44+7.90%
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

67.34 +6.94%
2026-07-23 — 2026-10-23Price change over the selected period -47.96%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD40608010012014061.23Volume · shares2026-07-23 Volume 6,158,000 shares2026-07-24 Volume 3,680,000 shares2026-07-27 Volume 3,988,600 shares2026-07-28 Volume 4,650,500 shares2026-07-29 Volume 7,198,800 shares2026-07-30 Volume 5,486,700 shares2026-07-31 Volume 4,589,700 shares2026-08-03 Volume 3,503,300 shares2026-08-04 Volume 6,953,600 shares2026-08-05 Volume 4,717,500 shares2026-08-06 Volume 3,050,900 shares2026-08-07 Volume 6,837,900 shares2026-08-10 Volume 3,234,900 shares2026-08-11 Volume 3,453,100 shares2026-08-12 Volume 4,517,500 shares2026-08-13 Volume 5,993,400 shares2026-08-14 Volume 5,568,200 shares2026-08-17 Volume 3,953,500 shares2026-08-18 Volume 6,375,800 shares2026-08-19 Volume 5,722,400 shares2026-08-20 Volume 4,477,000 shares2026-08-21 Volume 9,588,300 shares2026-08-24 Volume 4,707,900 shares2026-08-25 Volume 3,474,000 shares2026-08-26 Volume 4,046,000 shares2026-08-27 Volume 4,715,100 shares2026-08-28 Volume 4,435,200 shares2026-08-31 Volume 4,201,500 shares2026-09-01 Volume 3,673,000 shares2026-09-02 Volume 3,711,900 shares2026-09-03 Volume 5,470,500 shares2026-09-04 Volume 5,728,200 shares2026-09-08 Volume 5,635,500 shares2026-09-09 Volume 2,857,300 shares2026-09-10 Volume 3,471,400 shares2026-09-11 Volume 5,682,300 shares2026-09-14 Volume 6,288,000 shares2026-09-15 Volume 3,816,900 shares2026-09-16 Volume 3,993,400 shares2026-09-17 Volume 5,447,300 shares2026-09-18 Volume 7,382,900 shares2026-09-21 Volume 5,715,800 shares2026-09-22 Volume 5,378,900 shares2026-09-23 Volume 3,194,000 shares2026-09-24 Volume 2,489,600 shares2026-09-25 Volume 2,631,400 shares2026-09-28 Volume 2,140,600 shares2026-09-29 Volume 2,481,000 shares2026-09-30 Volume 7,183,600 shares2026-10-01 Volume 4,722,500 shares2026-10-02 Volume 4,616,800 shares2026-10-05 Volume 3,478,500 shares2026-10-06 Volume 5,711,900 shares2026-10-07 Volume 10,009,400 shares2026-10-08 Volume 10,309,800 shares2026-10-09 Volume 6,373,100 shares2026-10-12 Volume 3,471,000 shares2026-10-13 Volume 4,908,900 shares2026-10-14 Volume 12,867,500 shares2026-10-15 Volume 16,747,800 shares2026-10-16 Volume 6,194,600 shares2026-10-19 Volume 5,151,900 shares2026-10-20 Volume 4,612,400 shares2026-10-21 Volume 6,489,200 shares2026-10-22 Volume 4,742,000 shares2026-10-23 Volume 4,264,400 shares16.7M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 725 / trading dates: 725Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
62.97
Session open
63.79
Session range
63.05 – 68.52
Session volume
3.97 M
20 Average daily volume
6.32 M
Historical range
6.18 – 140.80

Valuation and cash

Market cap · USD
8.71 B
Price / sales · TTM
27.39
Free cash flow yield
—

Financial denominator

Revenue · TTM
317.95 M USD
Period end
2026-06-30
Source version
2026-08-04

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-06-30

Mining and computing operations are not banking businesses. Revenue multiples do not measure the net value of digital-asset holdings, and CFO minus PP&E does not establish cash distributable to common shareholders.

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-08-04 · Original currency USD
USD · Quarter
Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
74.93 M

Raw value 74,932,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

71.02 M

Raw value 71,017,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+3.92 M+5.51%
Operating incomeOperating margin -275.36% · Change +246.17 percentage points
-206.33 M

Raw value -206,330,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

-370.37 M

Raw value -370,370,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+164.04 M—
Net incomeNet margin -200.44% · Change +109.14 percentage points
-150.19 M

Raw value -150,191,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

-219.85 M

Raw value -219,849,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+69.66 M—
Operating cash flowOperating cash flow / revenue -7.50% · Change +30.83 percentage points
-5.62 MDerived by subtraction

Raw value -5,623,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · -32.85 M USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · -27.22 M USD · Source version 2026-05-06
-27.22 M

Raw value -27,222,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+21.60 M—
Comparable values unavailable for the two selected periods · Gross profit、Capital expenditure
  • Gross profit：Reported value unavailable; Reported value unavailable.
  • Capital expenditure：Reported value unavailable; Reported value unavailable.
Check filing sources ↗

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million-600-400-20002004002023.032024.012024.072025.012025.072026.012026.0675-150-206

Time rangeRevenue

2023-03-31 — 2026-06-30
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue
15.65 M

Raw value 15,647,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

20.53 M

Raw value 20,530,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

21.70 M

Raw value 21,703,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

38.17 MDerived by subtraction

Raw value 38,166,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-07-01 — 2023-12-31 · 59.87 M USD · Source version 2026-02-25
  • Subtract: 2023-07-01 — 2023-09-30 · 21.70 M USD · Source version 2024-11-13
51.74 M

Raw value 51,741,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

35.22 M

Raw value 35,215,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

43.74 M

Raw value 43,735,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

31.69 MDerived by subtraction

Raw value 31,694,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 162.39 M USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 130.69 M USD · Source version 2025-11-04
21.82 M

Raw value 21,815,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

41.30 M

Raw value 41,299,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

83.51 M

Raw value 83,510,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

88.49 MDerived by subtraction

Raw value 88,494,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 235.12 M USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 146.62 M USD · Source version 2025-11-04
71.02 M

Raw value 71,017,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

74.93 M

Raw value 74,932,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Gross profit——————————————
Operating income
-1.78 M

Raw value -1,775,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

0.94 M

Raw value 935,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

-0.67 M

Raw value -665,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

10.90 MDerived by subtraction

Raw value 10,901,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-07-01 — 2023-12-31 · 10.24 M USD · Source version 2026-02-25
  • Subtract: 2023-07-01 — 2023-09-30 · -0.67 M USD · Source version 2024-11-13
266.89 M

Raw value 266,887,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-86.69 M

Raw value -86,693,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

-1.57 M

Raw value -1,569,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

281.91 MDerived by subtraction

Raw value 281,914,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 460.54 M USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 178.63 M USD · Source version 2025-11-04
-147.65 M

Raw value -147,650,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

187.86 M

Raw value 187,859,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

72.66 M

Raw value 72,655,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

-434.86 MDerived by subtraction

Raw value -434,858,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -321.99 M USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 112.86 M USD · Source version 2025-11-04
-370.37 M

Raw value -370,370,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-206.33 M

Raw value -206,330,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Net income
17.33 M

Raw value 17,328,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-1.69 M

Raw value -1,686,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

-4.37 M

Raw value -4,374,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

10.58 MDerived by subtraction

Raw value 10,582,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-07-01 — 2023-12-31 · 6.21 M USD · Source version 2026-02-25
  • Subtract: 2023-07-01 — 2023-09-30 · -4.37 M USD · Source version 2024-11-13
250.88 M

Raw value 250,876,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-71.87 M

Raw value -71,866,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

0.65 M

Raw value 647,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

152.23 MDerived by subtraction

Raw value 152,225,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 331.88 M USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 179.66 M USD · Source version 2025-11-04
-133.89 M

Raw value -133,889,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

137.31 M

Raw value 137,312,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

50.11 M

Raw value 50,109,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

-279.68 MDerived by subtraction

Raw value -279,681,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -226.15 M USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 53.53 M USD · Source version 2025-11-04
-219.85 M

Raw value -219,849,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-150.19 M

Raw value -150,191,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating cash flow
1.46 M

Raw value 1,463,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-4.00 MDerived by subtraction

Raw value -4,002,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · -2.54 M USD · Source version 2024-08-13
  • Subtract: 2023-01-01 — 2023-03-31 · 1.46 M USD · Source version 2024-05-15
2.20 M

Raw value 2,195,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

—
-26.34 M

Raw value -26,343,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-16.35 MDerived by subtraction

Raw value -16,350,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · -42.69 M USD · Source version 2025-08-07
  • Subtract: 2024-01-01 — 2024-03-31 · -26.34 M USD · Source version 2025-05-08
-4.20 MDerived by subtraction

Raw value -4,202,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · -46.90 M USD · Source version 2025-11-04
  • Subtract: 2024-01-01 — 2024-06-30 · -42.69 M USD · Source version 2025-08-07
-21.64 MDerived by subtraction

Raw value -21,640,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · -68.54 M USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · -46.90 M USD · Source version 2025-11-04
-33.85 M

Raw value -33,849,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

-48.79 MDerived by subtraction

Raw value -48,787,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · -82.64 M USD · Source version 2026-08-04
  • Subtract: 2025-01-01 — 2025-03-31 · -33.85 M USD · Source version 2026-05-06
0.77 MDerived by subtraction

Raw value 770,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · -81.87 M USD · Source version 2025-11-04
  • Subtract: 2025-01-01 — 2025-06-30 · -82.64 M USD · Source version 2026-08-04
-57.36 MDerived by subtraction

Raw value -57,360,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -139.23 M USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · -81.87 M USD · Source version 2025-11-04
-27.22 M

Raw value -27,222,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-5.62 MDerived by subtraction

Raw value -5,623,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · -32.85 M USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · -27.22 M USD · Source version 2026-05-06
Capital expenditure——————————————
Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Coatue · Capital and financing

$150.0m Coatue convertible note · substantially in the money as of Q1 2026 · subject to mandatory redemption beginning in late Q2 2026 [3]

Disclosed events

TransAlta Corporation · Capital and financing

Asset sale · definitive share purchase agreement to sell Hut 8's 310 MW portfolio of four Ontario natural gas-fired power plants to TransAlta Corporation · closed February 2026 · price not disclosed · portfolio had been acquired out of bankruptcy and stabilized with five-year IESO capacity contracts · proceeds redeployed into the data center development pipeline [1]

Disclosed events

Two Prime · Capital and financing

New $200.0m revolving credit facility with Two Prime · together with the Coinbase revolver upsized to $200.0m brings total credit capacity to $400.0m at an 8.5% weighted average cost of capital [2]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.

  2. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.

  3. 10-K Original financial filings ↗

    This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-06-30.

  6. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-03-31.

Showing the latest 6 recorded source versions. Find the remaining 5 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 3 · Excluded by current filters: 13

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

3 records
Economic direction / relationship typeStatus / record dateRecorded amountCapacity basisEvidence source
Signed / existing2026-05-06USD 0.15 billionNominal debt / financing amountNot structuredA · Original filingCheck public source ↗
Signed / existing2026-02-25No attributable amount providedEquity subscription amount310 MWSee the record for capacity definitions and conditionsA · Original filingCheck public source ↗
Signed / existing2026-02-25USD 0.2 billionCredit facility limitNot structuredA · Original filingCheck public source ↗
1–3 / 3 records

Capital sources · Debt and financing arrangement

CoatueHUT

Signed / existingA · Original filing
Check public source ↗

What this relationship establishes

$150.0m convertible note

Relationship type
Debt and financing arrangement

Recorded as signed or existing; performance progress requires separate verification

Amount basis
USD 0.15 billion Nominal debt / financing amount
  • $150.0m convertible note
  • $0.15bn

Facility limits, issuance proceeds, actual drawdowns and closing debt balances are different measures. Present interest, scheduled principal repayments, maturity balloon payments and distribution restrictions separately.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration
A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

$150.0m Coatue convertible note · substantially in the money as of Q1 2026 · subject to mandatory redemption beginning in late Q2 2026

A · Original filing

Hut 8 Corp. Form 8-K Ex-99.1, Q1 2026 results press release (May 6, 2026)

Funding sources and conditions of use

The excerpts below come from this record. Verify signed status separately from actual completion.

  • This record does not specify performance milestones, payment arrangements or termination provisions.
Inputs still needed to quantify the impact
  • The schedule for receipt and availability of funds
  • Restrictions, debt service priority or attribution of dilution
  • Period-by-period effects on the company's distributable cash

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Funding terms

    Coatue → HUT: first verify the nature of the funding and the conditions for drawdown or vesting.

  2. Execution

    Distinguish cash already received, undrawn facilities, prepayments and warrant arrangements; verify restrictions on use for each period.

  3. Financial outcomes

    Verify net debt, interest and principal amortization, equity dilution and cash actually available to the parent company.

  4. Testing price implications

    Test the valuation using cash flows attributable to shareholders and changes in share count; the amount associated with a relationship cannot be converted directly into a share price.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

HUT · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

The available metrics cannot yet test this type of relationship directly. Evidence of performance and cash flows at the relationship level is required.

Show remaining company metrics (5)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation81.44%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation-192.93%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Operating margin ↗2026-06-30 · Research calculation-275.36%
Definition and boundaries

Operating income / revenue × 100

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Net margin ↗2026-06-30 · Research calculation-200.44%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-06-30 · Research calculation-7.5%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 14 companies · Data-center real estate and compute hosting

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
5 / 5 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY81.44%2026-06-30Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating margin-275.36%2026-06-30Research calculationOperating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin-200.44%2026-06-30Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue-7.5%2026-06-30Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-192.93%2026-06-30Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.

Original verification notes

verified-listing-start-covered

New Hut 8 common stock after merger; earlier Hut 8 Mining/USBTC history excluded.

Nasdaq Quote source page Price-history source page
Financial statements

Reporting period 2026-06-30; filed 2026-08-04. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 3 · Documents: 2 · Duplicate documents are grouped; individual source locations are retained

1Hut 8 Corp. Form 8-K Ex-99.1, Q4 & FY2025 results press release (Feb 25, 2026)Value-chain archive · 2 citations
References 1

Hut 8 Corp. Form 8-K Ex-99.1, Q4 & FY2025 results press release (Feb 25, 2026) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 2

Hut 8 Corp. Form 8-K Ex-99.1, Q4 & FY2025 results press release (Feb 25, 2026) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
3Hut 8 Corp. Form 8-K Ex-99.1, Q1 2026 results press release (May 6, 2026)Value-chain archive

Hut 8 Corp. Form 8-K Ex-99.1, Q1 2026 results press release (May 6, 2026) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 10
01HUT · 10-Q · Filing version 2024-05-15

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02HUT · 10-Q · Filing version 2024-11-13

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03HUT · 10-Q · Filing version 2024-08-13

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04HUT · 10-Q · Filing version 2023-12-19

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05HUT · 10-K · Filing version 2026-02-25

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
06HUT · 10-Q · Filing version 2025-05-08

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
07HUT · 10-Q · Filing version 2025-11-04

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
08HUT · 10-Q · Filing version 2025-08-07

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
09HUT · 10-Q · Filing version 2026-05-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
10HUT · 10-Q · Filing version 2026-08-04

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure