Hut 8 Mining (DB:1YT) - Stock Price, News & Analysis

1YT Stock Overview

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

1YT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Revenue is forecast to grow 10.11% per year

Risk Analysis

Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Hut 8 Mining Corp. Competitors

EQS Group

DB:EQS

€394.9m

GK Software

XTRA:GKS

€468.2m

PSI Software

XTRA:PSAN

€342.3m

GK Software

HMSE:GKS

€595.5m

Price History & Performance

Summary of all time highs, changes and price drops for Hut 8 Mining
Historical stock prices
Current Share Price	CA$1.97
52 Week High	CA$4.00
52 Week Low	CA$0.70
Beta	3.45
11 Month Change	-2.48%
3 Month Change	-8.37%
1 Year Change	67.97%
33 Year Change	80.73%
5 Year Change	n/a
Change since IPO	337.78%

Recent updates

Shareholder Returns

	1YT	DE Software	DE Market
7D	12.3%	-0.7%	1.5%
1Y	68.0%	64.5%	12.6%

Return vs Industry: 1YT exceeded the German Software industry which returned 42.1% over the past year.

Return vs Market: 1YT exceeded the German Market which returned 5.9% over the past year.

Price Volatility

Is 1YT's price volatile compared to industry and market?
1YT volatility
1YT Average Weekly Movement	12.5%
Software Industry Average Movement	4.9%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 1YT has not had significant price volatility in the past 3 months.

Volatility Over Time: 1YT's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2011	98	Jaime Leverton	hut8.com

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. It provides computing power to the mining pools in exchange for digital assets. The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space.

Hut 8 Mining Corp. Fundamentals Summary

How do Hut 8 Mining's earnings and revenue compare to its market cap?
1YT fundamental statistics
Market cap	€392.77m
Earnings (TTM)	-€101.14m
Revenue (TTM)	€52.47m

8.9x

P/S Ratio

-4.6x

P/E Ratio

Is 1YT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1YT income statement (TTM)
Revenue	CA$77.02m
Cost of Revenue	CA$115.99m
Gross Profit	-CA$38.97m
Other Expenses	CA$109.49m
Earnings	-CA$148.46m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.67
Gross Margin	-50.60%
Net Profit Margin	-192.76%
Debt/Equity Ratio	16.2%

How did 1YT perform over the long term?

See historical performance and comparison

1YT Stock Overview

Rewards

Risk Analysis

Hut 8 Mining Corp. Competitors

DB:EQS

€394.9m

XTRA:GKS

€468.2m

XTRA:PSAN

€342.3m

HMSE:GKS

€595.5m

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: CA$0.24 loss per share (vs CA$0.12 loss in 3Q 2022)

Hut 8 Mining Corp. to Report Q3, 2023 Results on Nov 14, 2023

Second quarter 2023 earnings released: CA$0.076 loss per share (vs CA$0.49 loss in 2Q 2022)

Hut 8 Mining Corp. to Report Q2, 2023 Results on Aug 14, 2023

First quarter 2023 earnings released: EPS: CA$0.49 (vs CA$0.33 in 1Q 2022)

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: CA$0.24 loss per share (vs CA$0.12 loss in 3Q 2022)

Hut 8 Mining Corp. to Report Q3, 2023 Results on Nov 14, 2023

Second quarter 2023 earnings released: CA$0.076 loss per share (vs CA$0.49 loss in 2Q 2022)

Hut 8 Mining Corp. to Report Q2, 2023 Results on Aug 14, 2023

First quarter 2023 earnings released: EPS: CA$0.49 (vs CA$0.33 in 1Q 2022)

Hut 8 Mining Corp. to Report Q1, 2023 Results on May 11, 2023

Full year 2022 earnings released: CA$1.29 loss per share (vs CA$0.54 loss in FY 2021)

Hut 8 Mining Corp. (TSX:HUT) entered into a definitive business combination agreement to acquire US Bitcoin Corp in a merger of equals

Hut 8 Mining Corp. Announces Chief Financial Officer Changes

Third quarter 2022 earnings released: CA$0.12 loss per share (vs CA$0.16 profit in 3Q 2021)

Third quarter 2022 earnings released: CA$0.12 loss per share (vs CA$0.16 profit in 3Q 2021)

Hut 8 Mining Corp. to Report Q3, 2022 Results on Nov 10, 2022

Second quarter 2022 earnings released: CA$0.49 loss per share (vs CA$0.17 loss in 2Q 2021)

Hut 8 Mining Corp. to Report Q2, 2022 Results on Aug 11, 2022

Aniss Amdiss Joins Hut 8 Mining as Chief Legal Officer, Effective from July 11, 2022

Hut 8 Mining Corp. Announces Board Changes

Chief Financial Officer recently sold €54k worth of stock

First quarter 2022 earnings released: EPS: CA$0.33 (vs CA$0.31 in 1Q 2021)

Hut 8 Mining Corp. to Report Q1, 2022 Results on May 12, 2022

Hut 8 Mining Corp., Annual General Meeting, Jun 16, 2022

Hut 8 Mining Corp., Annual General Meeting, Jun 16, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Hut 8 Mining Corp. Announces the Appointment of James Beer to the New Role of Senior Vice President, Operations, Effective February 22, 2022

Hut 8 Mining Corp. (TSX:HUT) completed the acquisition of Cloud and colocation data center business of TeraGo Inc. (TSX:TGO).

Investor sentiment deteriorated over the past week

Hut 8 Mining Corp. (TSX:HUT) entered into a definitive agreement to acquire Cloud and colocation data center business from TeraGo Inc. (TSX:TGO) for CAD 30 million.

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CA$0.16 (vs CA$0.009 loss in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Independent Director recently bought €1.4m worth of stock

Investor sentiment improved over the past week

Second quarter 2021 earnings released: CA$0.17 loss per share (vs CA$0.031 profit in 2Q 2020)

Investor sentiment improved over the past week

Hut 8 Mining Provides Production Update for July 2021

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Hut 8 Mining Deleted from Other OTC

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS CA$0.31 (vs CA$0.11 loss in 1Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Third quarter 2020 earnings released: CA$0.009 loss per share (vs CA$0.066 loss in 3Q 2019)

Hut 8 Mining Corp. to Report Fiscal Year 2020 Results on Mar 25, 2021

Hut 8 Mining Inc. Signals Bold Energy and Blockchain Innovation Play Through Exclusive with Global Energy Partner Validus Power Corp

An unknown buyer acquired 8.8% stake in Hut 8 Mining Corp. (TSX:HUT) from Bitfury Holding B.V.

New 90-day high: €5.45

Hut 8 Mining Corp. Appoints Tanya Woods as General Counsel, Executive Vice President of Regulatory Affairs, Effective February 1, 2021

Hut 8 Mining Corp. Appoints Jason Zaluski as Head of Technology, Effective February 1, 2021

New 90-day high: €3.00

Hut 8 Mining Corp. Announces Board Changes

Hut 8 Mining Corp. Announce the Appointment of Sue Ennis as Head of Investor Relations, Effective January 4, 2021