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HUT

Hut 8 Mining TSX:HUT Stock Report

Last Price

CA$2.50

Market Cap

CA$490.5m

7D

-1.6%

1Y

-64.5%

Updated

27 Jan, 2023

Data

Company Financials +

HUT Stock Overview

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America.

HUT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

My Notes

New

Notes are coming soon

Hut 8 Mining Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hut 8 Mining
Historical stock prices
Current Share PriceCA$2.50
52 Week HighCA$10.53
52 Week LowCA$1.08
Beta2.85
1 Month Change127.27%
3 Month Change-21.63%
1 Year Change-64.49%
3 Year Change93.80%
5 Year Changen/a
Change since IPO-37.50%

Recent News & Updates

Bearish: Analysts Just Cut Their Hut 8 Mining Corp. (TSE:HUT) Revenue and EPS estimates

Aug 18
Bearish: Analysts Just Cut Their Hut 8 Mining Corp. (TSE:HUT) Revenue and EPS estimates

Recent updates

Bearish: Analysts Just Cut Their Hut 8 Mining Corp. (TSE:HUT) Revenue and EPS estimates

Aug 18
Bearish: Analysts Just Cut Their Hut 8 Mining Corp. (TSE:HUT) Revenue and EPS estimates

Returns Are Gaining Momentum At Hut 8 Mining (TSE:HUT)

Aug 08
Returns Are Gaining Momentum At Hut 8 Mining (TSE:HUT)

Hut 8 Mining (TSE:HUT) Has A Pretty Healthy Balance Sheet

May 11
Hut 8 Mining (TSE:HUT) Has A Pretty Healthy Balance Sheet

Returns At Hut 8 Mining (TSE:HUT) Are On The Way Up

Apr 06
Returns At Hut 8 Mining (TSE:HUT) Are On The Way Up

Investors Will Want Hut 8 Mining's (TSE:HUT) Growth In ROCE To Persist

Jan 04
Investors Will Want Hut 8 Mining's (TSE:HUT) Growth In ROCE To Persist

These 4 Measures Indicate That Hut 8 Mining (TSE:HUT) Is Using Debt Reasonably Well

Nov 13
These 4 Measures Indicate That Hut 8 Mining (TSE:HUT) Is Using Debt Reasonably Well

Returns On Capital Are Showing Encouraging Signs At Hut 8 Mining (TSE:HUT)

Sep 19
Returns On Capital Are Showing Encouraging Signs At Hut 8 Mining (TSE:HUT)

Results: Hut 8 Mining Corp. Delivered A Surprise Loss And Now Analysts Have New Forecasts

Aug 15
Results: Hut 8 Mining Corp. Delivered A Surprise Loss And Now Analysts Have New Forecasts

We Don’t Think Hut 8 Mining's (TSE:HUT) Earnings Should Make Shareholders Too Comfortable

Apr 01
We Don’t Think Hut 8 Mining's (TSE:HUT) Earnings Should Make Shareholders Too Comfortable

Here's Why I Think Hut 8 Mining (TSE:HUT) Might Deserve Your Attention Today

Mar 29
Here's Why I Think Hut 8 Mining (TSE:HUT) Might Deserve Your Attention Today

Here's Why Hut 8 Mining (TSE:HUT) Can Afford Some Debt

Feb 04
Here's Why Hut 8 Mining (TSE:HUT) Can Afford Some Debt

Do Institutions Own Hut 8 Mining Corp. (TSE:HUT) Shares?

Dec 31
Do Institutions Own Hut 8 Mining Corp. (TSE:HUT) Shares?

Did Hut 8 Mining's (TSE:HUT) Share Price Deserve to Gain 24%?

Nov 26
Did Hut 8 Mining's (TSE:HUT) Share Price Deserve to Gain 24%?

Hut 8 Mining Corp.'s (TSE:HUT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Jul 24
Hut 8 Mining Corp.'s (TSE:HUT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Shareholder Returns

HUTCA SoftwareCA Market
7D-1.6%0.3%0.5%
1Y-64.5%-9.8%-0.6%

Return vs Industry: HUT underperformed the Canadian Software industry which returned -6.8% over the past year.

Return vs Market: HUT underperformed the Canadian Market which returned -0.4% over the past year.

Price Volatility

Is HUT's price volatile compared to industry and market?
HUT volatility
HUT Average Weekly Movement17.0%
Software Industry Average Movement11.5%
Market Average Movement9.9%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market3.9%

Stable Share Price: HUT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: HUT's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
201144Jaime Levertonhttps://hut8mining.com

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta.

Hut 8 Mining Corp. Fundamentals Summary

How do Hut 8 Mining's earnings and revenue compare to its market cap?
HUT fundamental statistics
Market CapCA$490.55m
Earnings (TTM)-CA$167.32m
Revenue (TTM)CA$186.75m

2.6x

P/S Ratio

-2.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HUT income statement (TTM)
RevenueCA$186.75m
Cost of RevenueCA$157.51m
Gross ProfitCA$29.24m
Other ExpensesCA$196.56m
Earnings-CA$167.32m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.85
Gross Margin15.66%
Net Profit Margin-89.60%
Debt/Equity Ratio5.9%

How did HUT perform over the long term?

See historical performance and comparison