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Hut 8 Corp. (HUT) 10-Year Financial Performance & Capital Metrics

HUT • • Banking & Credit
Financial ServicesCapital MarketsCryptocurrency Mining & InfrastructureBitcoin Mining Operators
AboutHut 8 Corp Hut 8 Corp. is a vertically integrated operator of large-scale energy infrastructure and Bitcoin miners. The Company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads such as Bitcoin mining, high performance computing, and artificial intelligence.Show more
  • Net Interest Income -$30M -19.5%
  • Total Revenue $162M +69.1%
  • Net Income $332M +1418.9%
  • Return on Equity 40.88% +835.9%
  • Net Interest Margin -1.96% +23.1%
  • Efficiency Ratio -236.97% -801.3%
  • ROA 26.6% +745.8%
  • Equity / Assets 64.56% -1.9%
  • Book Value per Share 9.70 -24.8%
  • Tangible BV/Share 9.05 -17.2%
  • Debt/Equity 0.35 -15.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 174.5%
  • ✓Efficient operations: -237.0% efficiency ratio
  • ✓Momentum leader: RS Rating 96 (top 4%)
  • ✓Well capitalized: 64.6% equity/assets
  • ✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -2.0%
  • ✗Shares diluted 100.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y14.65%
3Y27.05%
TTM-

Profit (Net Income) CAGR

10Y-
5Y174.47%
3Y-
TTM8.42%

EPS CAGR

10Y-
5Y102.44%
3Y-
TTM-72.61%

ROCE

10Y Avg326.73%
5Y Avg2.21%
3Y Avg10.27%
Latest41.99%

Peer Comparison

Bitcoin Mining Operators
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IRENIREN Limited17.04B51.89133.05167.65%17.35%18.19%0.53
RIOTRiot Platforms, Inc.6.16B16.5748.7434.2%29.05%4.68%0.20
HUTHut 8 Corp.6.19B57.2816.8569.07%204.38%8.96%0.35
BTBTBit Digital, Inc.747.69M2.3111.55264.59%17.29%13.1%0.03
MARAMarathon Digital Holdings, Inc.4.03B10.666.2069.38%82.46%17.91%0.60
CLSKWCleanSpark, Inc.123.65M0.430.39102.21%47.56%16.76%0.38
ARBKArgo Blockchain plc1.51M4.54-0.02-15.95%-113.58%
ABTCAmerican Bitcoin Corp328.24M1.68-0.6610.09%6%57.62%0.01

Profit & Loss

Jun 2016Jun 2017Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Jun 2023Dec 2023Dec 2024
Net Interest Income+000-872.1K-4.78M-2.44M1.5M-6.67M-24.93M-29.79M
NII Growth %1%----4.49%0.49%1.61%-5.45%-2.74%-0.19%
Net Interest Margin %----------
Interest Income00032.41K41.24K8.3K2.85M922K00
Interest Expense000904.51K4.83M2.45M1.36M7.59M24.93M29.79M
Loan Loss Provision00788.53K72.02M75.03M59.36M24.43M35.52M29.26M56.86M
Non-Interest Income+006.74M49.41M81.95M40.7M76.33M85.81M96.05M162.38M
Non-Interest Income %----------
Total Revenue+006.74M49.44M81.99M40.71M79.19M86.74M96.05M162.38M
Revenue Growth %---6.34%0.66%-0.5%0.95%0.1%0.11%0.69%
Non-Interest Expense105.44K105.96K5.28M25.62M4.76M2.57M73.22M112.31M32.46M-384.81M
Efficiency Ratio----------
Operating Income+-105.44K-105.96K1.38M-49.11M-2.66M-7.14M-19.82M-68.69M9.4M460.54M
Operating Margin %----------
Operating Income Growth %-0.85%-0%14%-36.65%0.95%-1.69%-1.78%-2.47%1.14%48.01%
Pretax Income+-105.44K-105.96K673.63K-136.77M2.13M3.99M-26.73M-66.81M21.96M451.91M
Pretax Margin %----------
Income Tax+00106.56K86.08M4.76M-15.05M5.07M-1.2M190K113.46M
Effective Tax Rate %----------
Net Income+-105.44K-105.96K567.07K-136.77M2.13M-19.31M-31.8M-65.61M21.85M331.88M
Net Margin %----------
Net Income Growth %-0.28%-0%6.35%-242.18%1.02%-10.06%-0.65%-1.06%1.33%14.19%
Net Income (Continuing)-105.44K-105.96K567.07K-----65.61M21.77M338.45M
EPS (Diluted)+-9.27-9.3249.88-8.110.101.00-1.53-6.470.563.40
EPS Growth %-0.28%-0.01%6.35%-1.16%1.01%9%-2.53%-3.23%1.09%5.07%
EPS (Basic)-9.27-9.3249.88-8.110.101.00-1.53-6.470.573.71
Diluted Shares Outstanding11.37K11.37K11.37K16.86M18.12M18.85M26.83M37.55M49.81M101.05M

Balance Sheet

Jun 2016Jun 2017Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Jun 2023Dec 2023Dec 2024
Cash & Short Term Investments+328.84K286.25K259.52K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks328.84K286.25K259.52K3.56M2.95M6.72M140.13M30.52M40.82M85.04M
Short Term Investments000001000K001000K0
Total Investments+000015.88M3.02M093.58M115.53M88.39M
Investments Growth %------0.81%-1%-0.23%-0.23%
Long-Term Investments000015.88M0093.58M108.99M88.39M
Accounts Receivables00000001000K1000K1000K
Goodwill & Intangibles+----------
Goodwill000000011.54M75.94M53.08M
Intangible Assets000381.2K625K003.59M22.89M13.27M
PP&E (Net)00058.13M34.38M7.42M206.89M124.96M174.85M242.27M
Other Assets00020.75M21.54M23.87M45.74M27.22M512.57M865M
Total Current Assets335.54K291.6K262.79K3.64M14.69M9.78M468.08M245.62M81.25M256.84M
Total Non-Current Assets00079.26M56.54M33.38M252.63M167.31M895.62M1.26B
Total Assets+335.54K291.6K262.79K82.9M71.24M43.16M720.71M412.94M976.87M1.52B
Asset Growth %-0.18%-0.13%-0.1%314.44%-0.14%-0.39%15.7%-0.43%1.37%0.55%
Return on Assets (ROA)-0.28%-0.34%2.05%-3.29%0.03%-0.34%-0.08%-0.12%0.03%0.27%
Accounts Payable00016.87M563.87K1.46M7.07M5.96M19.73M11.29M
Total Debt+00032.37M26.04M4.6M40.69M47.42M268.75M345.65M
Net Debt-328.84K-286.25K-259.52K28.81M23.09M-2.12M-99.43M16.9M227.93M260.61M
Long-Term Debt00028.3M19.81M024.2M31.2M162.61M235.62M
Short-Term Debt0004.07M6.23M4.09M16.49M16.22M87.16M64.97M
Other Liabilities00000099.02M212K22.04M0
Total Current Liabilities161.83K223.84K253.07K21.94M8.73M6.13M26.06M30.13M148.42M153.96M
Total Non-Current Liabilities00028.3M19.81M307K128.68M31.41M185.45M384.33M
Total Liabilities161.83K223.84K253.07K50.24M28.54M6.44M154.74M55.55M333.87M538.28M
Total Equity+173.71K67.75K9.73K32.66M42.7M36.73M565.97M357.39M643M980.58M
Equity Growth %-0.38%-0.61%-0.86%3356.94%0.31%-0.14%14.41%-0.37%0.8%0.53%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-0.47%-0.88%14.64%-8.37%0.06%-0.49%-0.11%-0.14%0.04%0.41%
Book Value per Share15.285.960.861.942.361.9521.099.5212.919.70
Tangible BV per Share----------
Common Stock658.05K658.05K658.05K162.73M170.62M0636.6M767.64M1.17M995K
Additional Paid-in Capital0000020.31M000789.6M
Retained Earnings-581.64K-687.6K-745.62K-136.67M-134.59M-9.08M-188.26M-431.07M-132.19M231.63M
Accumulated OCI97.3K97.3K97.3K4.06M1.37M0103.54M2.12M14.19M-45.55M
Treasury Stock---------0
Preferred Stock0000024.65M98.5M98.5M00

Cash Flow

Jun 2016Jun 2017Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Jun 2023Dec 2023Dec 2024
Cash from Operations+-67.44K-42.59K49.24M-6.77M14.51M-1.29M-80.24M-105.03M-26.48M-68.53M
Operating CF Growth %0.43%0.37%1157.11%-1.14%3.14%-1.09%-61.11%-0.31%0.75%-1.59%
Net Income-105.44K-105.96K567.07K-136.77M2.13M19.04M-72.71M-242.81M8.38M331.41M
Depreciation & Amortization00924.95K47.02M33.05M21.26M23.29M94.53M14.61M49.41M
Deferred Taxes00085.4M-5.34M-15.05M5.62M9.59M-1.14M111.76M
Other Non-Cash Items0047.75M-14.37M-5.16M-27.52M-48.48M24.74M-32.41M-567.49M
Working Capital Changes37.99K63.37K1.35K8.42M-13.07M1.25M2.17M2M8.86M-19.73M
Cash from Investing+00-52.67M-90.16M-9.73M-7.14M-235.07M-103.61M87.25M-188.47M
Purchase of Investments0000000-50.03M00
Sale/Maturity of Investments0000001000K1000K1000K0
Net Investment Activity----------
Acquisitions0000000-30.17M31.99M-3.2M
Other Investing00-21.6K-5.8M-497.73K-1.33M-192.99M-733K172.91M-21.67M
Cash from Financing+00142.92M77.24M-5.39M8.3M455.84M99.83M-33.45M311.95M
Dividends Paid0000000000
Share Repurchases0000000000
Stock Issued00054.84M07.49M390.89M124.86M21.59K162.53M
Net Stock Activity----------
Debt Issuance (Net)---------1000K
Other Financing00142.92M22.4M19.96M7.45M105.39M-4.08M-58.57M21.33M
Net Change in Cash+-67.44K-42.59K-42.59K-19.69M-610.54K-130.08K137.31M-109.61M10.3M-30.96M
Exchange Rate Effect00-1000K00-99.64K-1000K-796K890.38K-375K
Cash at Beginning396.29K328.84K328.84K23.25M3.56M2.95M2.82M140.13M30.52M30.96M
Cash at End328.84K286.25K286.25K3.56M2.95M2.82M140.13M30.52M40.82M0
Interest Paid---------11.16M
Income Taxes Paid---------2.82M
Free Cash Flow+-67.44K-42.59K-3.41M-91.14M5.27M-7.1M-166.67M-177.74M-27.3M-333.13M
FCF Growth %0.43%0.37%-78.96%-25.76%1.06%-2.35%-22.47%-0.07%0.85%-11.2%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-46.57%-87.76%1463.81%-837.28%5.65%-48.61%-10.55%-14.21%4.37%40.88%
Return on Assets (ROA)-28.26%-33.79%204.58%-328.93%2.76%-33.75%-8.33%-11.58%3.14%26.6%
Net Interest Margin0%0%0%-1.05%-6.72%-5.65%0.21%-1.62%-2.55%-1.96%
Efficiency Ratio--78.3%51.83%5.81%6.31%92.46%129.49%33.79%-236.97%
Equity / Assets51.77%23.24%3.7%39.4%59.94%85.08%78.53%86.55%65.82%64.56%
Book Value / Share15.285.960.861.942.361.9521.099.5212.919.7
NII Growth100%----448.65%48.99%161.39%-545.15%-273.81%-19.5%

Revenue by Segment

202120222024
High Performance Computing, Colocation And Cloud--80.7M
High Performance Computing, Colocation And Cloud Growth---
Power--56.6M
Power Growth---
Digital Infrastructure--25.52M
Digital Infrastructure Growth---
Service, Other--8.53M
Service, Other Growth---
Digital assets mined165.4M133.04M-
Digital assets mined Growth--19.56%-
Hosting fees8.38M751K-
Hosting fees Growth--91.03%-

Revenue by Geography

202120222024
UNITED STATES--110.97M
UNITED STATES Growth---
CANADA--51.41M
CANADA Growth---

Frequently Asked Questions

Valuation & Price

Hut 8 Corp. (HUT) has a price-to-earnings (P/E) ratio of 16.8x. This is roughly in line with market averages.

Growth & Financials

Hut 8 Corp. (HUT) grew revenue by 69.1% over the past year. This is strong growth.

Yes, Hut 8 Corp. (HUT) is profitable, generating $206.3M in net income for fiscal year 2024 (204.4% net margin).

Dividend & Returns

Hut 8 Corp. (HUT) has a return on equity (ROE) of 40.9%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Hut 8 Corp. (HUT) has a net interest margin (NIM) of -2.0%. NIM has been under pressure due to interest rate environment.

Hut 8 Corp. (HUT) has an efficiency ratio of -237.0%. This is excellent, indicating strong cost control.

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