Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada.
Mediocre balance sheet and overvalued.
Share Price & News
How has Hut 8 Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HUT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HUT exceeded the Canadian IT industry which returned 16.1% over the past year.
Return vs Market: HUT exceeded the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Hut 8 Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs Hut 8 Mining (TSE:HUT) Using Too Much Debt?
1 month ago | Simply Wall StCalculating The Fair Value Of Hut 8 Mining Corp. (TSE:HUT)
2 months ago | Simply Wall StCould Hut 8 Mining Corp.'s (TSE:HUT) Investor Composition Influence The Stock Price?
Is Hut 8 Mining undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HUT (CA$1.81) is trading above our estimate of fair value (CA$1.48)
Significantly Below Fair Value: HUT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HUT is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: HUT is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HUT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HUT is good value based on its PB Ratio (2.5x) compared to the CA IT industry average (3x).
How is Hut 8 Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hut 8 Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of HUT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Hut 8 Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has Hut 8 Mining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUT is currently unprofitable.
Growing Profit Margin: HUT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HUT is unprofitable, and losses have increased over the past 5 years at a rate of -80.7% per year.
Accelerating Growth: Unable to compare HUT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HUT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12%).
Return on Equity
High ROE: HUT has a negative Return on Equity (-137.42%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Hut 8 Mining's financial position?
Financial Position Analysis
Short Term Liabilities: HUT's short term assets (CA$13.1M) exceed its short term liabilities (CA$7.7M).
Long Term Liabilities: HUT's short term assets (CA$13.1M) do not cover its long term liabilities (CA$22.5M).
Debt to Equity History and Analysis
Debt Level: HUT's debt to equity ratio (40.1%) is considered high.
Reducing Debt: Insufficient data to determine if HUT's debt to equity ratio has reduced over the past 5 years.
Inventory Level: HUT has a high level of physical assets or inventory.
Debt Coverage by Assets: HUT's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HUT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HUT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -40.6% per year.
What is Hut 8 Mining's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HUT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HUT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HUT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HUT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HUT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Kiguel 0
Mr. Andrew Kiguel has been President, Chief Executive Officer and a Director of Hut 8 Mining Corp. since April 2, 2018. Mr. Kiguel joins Hut 8 from GMP Securities L.P., where he played an integral role for ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD2.26M) is above average for companies of similar size in the Canadian market ($USD155.16K).
Compensation vs Earnings: Insufficient data to compare Andrew's compensation with company performance.
|Chief Financial Officer||1.6yrs||CA$164.53k||0.033% CA$48.5k|
|VP of Communications||0yrs||no data||no data|
|Head of Power||1.7yrs||no data||no data|
|Corporate Secretary||0.3yrs||CA$48.00k||no data|
Experienced Management: HUT's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Director||2.1yrs||CA$248.63k||0.019% CA$27.4k|
|Independent Director||2.1yrs||CA$248.63k||no data|
|Director||0.6yrs||no data||no data|
|Independent Director||1.5yrs||CA$97.32k||no data|
Experienced Board: HUT's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.1%.
Hut 8 Mining Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Hut 8 Mining Corp.
- Ticker: HUT
- Exchange: TSX
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: CA$145.605m
- Shares outstanding: 90.44m
- Website: https://www.hut8mining.com
- Hut 8 Mining Corp.
- 130 King Street West
- Suite 1800
- M5X 1E3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HUT||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2018|
|HUTM.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2018|
|1YT||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2018|
Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. The company engages in industrial scale bitcoin mining operations. It also owns and operates nine Blockbox AC data centers. The company is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 02:19|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.