| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash | 33,493 | 216,251 | 108,382 | 72,282 |
| Restricted cash | 6,136 | 6,101 | 592 | 629 |
| Accounts receivable, net | 6,673 | 8,501 | 4,458 | 6,067 |
| Deposits and prepaid expenses | 40,386 | 71,142 | 53,594 | 28,025 |
| Derivative asset | 4,166 | 3,096 | 21,397 | - |
| Digital assets - pledged for miner purchase | 110,418 | 103,744 | 79,893 | - |
| Digital assets - held in custody | - | - | - | 1,306 |
| Digital assets receivable | 19,630 | - | - | - |
| Income taxes receivable | 2,505 | 2,427 | 833 | 1,943 |
| Total current assets | 223,407 | 411,262 | 269,149 | 110,252 |
| Derivative asset | 63,723 | - | - | - |
| Digital assets - held in custody | 522,197 | 819,194 | 597,743 | 305,499 |
| Digital assets - pledged for miner purchase | 272,051 | - | - | - |
| Digital assets - pledged as collateral | 657,600 | 220,241 | 169,608 | 269,663 |
| Property and equipment, net | 646,724 | 381,712 | 353,145 | 194,107 |
| Operating lease right-of-use asset | 19,025 | 20,057 | 20,212 | 20,654 |
| Deposits and prepaid expenses | 8,388 | 9,472 | 5,773 | 37,845 |
| Investment in unconsolidated joint venture | 50,178 | 84,444 | 83,380 | 80,113 |
| Other investments | 6,378 | 6,378 | 6,378 | 9,956 |
| Intangible assets, net | 11,931 | 12,820 | 13,326 | 14,698 |
| Goodwill | 206,619 | 55,785 | 53,169 | 56,436 |
| Total non-current assets | 2,464,814 | 1,610,103 | 1,302,734 | 988,971 |
| Total assets | 2,688,221 | 2,021,365 | 1,571,883 | 1,099,223 |
| Accounts payable and accrued expenses | 62,001 | 43,744 | 32,264 | 31,322 |
| Miner purchase liability, current portion | 100,910 | 100,910 | 100,910 | - |
| Deferred revenue | 1,961 | 6,147 | 4,562 | 5,635 |
| Operating lease liability, current portion | 2,915 | 2,974 | 2,770 | 2,614 |
| Finance lease liability, current portion | 7,690 | 6,850 | 6,850 | 5,030 |
| Derivative liability | 4,438 | 1,807 | 896 | 921 |
| Loans and notes payable | - | - | - | 64,956 |
| Loans, notes payable, and other financial liabilities, current portion | 130,085 | 64,938 | 64,983 | - |
| Total current liabilities | 310,000 | 227,370 | 213,235 | 110,478 |
| Miner purchase liability, less current portion | 286,203 | - | - | - |
| Operating lease liability, less current portion | 16,828 | 17,842 | 18,175 | 18,821 |
| Finance lease liability, less current portion | 15,745 | 18,220 | 17,709 | 20,208 |
| Loans and notes payable, less current portion | - | - | - | 232,341 |
| Deposit liability | - | - | - | 1,734 |
| Loans, notes payable, and other financial liabilities, less current portion | 217,387 | 251,171 | 244,374 | - |
| Deferred tax liabilities | 187,817 | 118,395 | 90,695 | 3,145 |
| Warrant liability | 571 | - | - | - |
| Total non-current liabilities | 724,551 | 405,628 | 370,953 | 276,249 |
| Total liabilities | 1,034,551 | 632,998 | 584,188 | 386,727 |
| Common stock, 0.01 par value 1,000,000,000 shares authorized 106,311,648 and 99,478,012 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 1,063 | 1,044 | 1,042 | 935 |
| Additional paid-in capital | 1,176,823 | 1,035,222 | 905,576 | 623,263 |
| Retained earnings (accumulated deficit) | 285,162 | 235,053 | 97,741 | 79,405 |
| Accumulated other comprehensive (loss) income | -20,962 | -4,529 | -44,365 | 312 |
| Total hut 8 corp. stockholders' equity | 1,442,086 | 1,266,790 | 959,994 | 703,915 |
| Non-controlling interests | 211,584 | 121,577 | 27,701 | 8,581 |
| Total equity | 1,653,670 | 1,388,367 | 987,695 | 712,496 |
| Total liabilities and equity | 2,688,221 | 2,021,365 | 1,571,883 | 1,099,223 |
Hut 8 Corp. (HUT)
Hut 8 Corp. (HUT)