Hut 8 Mining (BMV:HUT N) - Stock Price, News & Analysis

HUT N Stock Overview

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

HUT N 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

Shares are highly illiquid

Shareholders have been diluted in the past year

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

Hut 8 Mining Corp. Competitors

SmartCraft

OB:SMCRT

NOK 5.2b

Text

WSE:TXT

zł1.9b

Volue

OB:VOLUE

NOK 6.0b

Coveo Solutions

TSX:CVO

CA$594.4m

Price History & Performance

Summary of all time highs, changes and price drops for Hut 8 Mining
Historical stock prices
Current Share Price	CA$32.00
52 Week High	CA$67.06
52 Week Low	CA$22.65
Beta	3.45
11 Month Change	-0.93%
3 Month Change	n/a
1 Year Change	33.33%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-84.58%

Recent updates

Shareholder Returns

	HUT N	MX Software	MX Market
7D	-3.8%	0%	0%
1Y	33.3%	0%	0%

Return vs Industry: HUT N underperformed the MX Software industry which returned 44.6% over the past year.

Return vs Market: HUT N exceeded the MX Market which returned 3.7% over the past year.

Price Volatility

Is HUT N's price volatile compared to industry and market?
HUT N volatility
HUT N Average Weekly Movement	n/a
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: HUT N's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine HUT N's volatility change over the past year.

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?
HUT N fundamental statistics
Market cap	Mex$8.73b
Earnings (TTM)	-Mex$1.89b
Revenue (TTM)	Mex$981.35m

8.9x

P/S Ratio

-4.6x

P/E Ratio

Is HUT N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HUT N 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 HUT N perform over the long term?

See historical performance and comparison

HUT N Stock Overview

Rewards

Risk Analysis

Hut 8 Mining Corp. Competitors

OB:SMCRT

NOK 5.2b

WSE:TXT

zł1.9b

OB:VOLUE

NOK 6.0b

TSX:CVO

CA$594.4m

Price History & Performance

Recent News & Updates

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

New major risk - Revenue and earnings growth

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

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

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

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

Recent updates

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

New major risk - Revenue and earnings growth

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

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

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

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

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

Vice President of Corporate Development recently sold Mex$427k worth of stock

Vice President of Corporate Development recently sold Mex$427k worth of stock

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 Mex$1.1m worth of stock

First quarter 2022 earnings released: EPS: CA$0.33 (vs CA$0.17 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

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

Investor sentiment improved over the past week

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

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 improved over the past week

Independent Director recently bought Mex$33m worth of stock

Shareholder Returns

Price Volatility

About the Company

Hut 8 Mining Corp. Fundamentals Summary

8.9x

-4.6x

Earnings & Revenue