For the quarter ending 2026-03-31, HUT had $112,012K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -253,135 | -301,774 | 50,612 | 137,483 |
| Depreciation and amortization | 38,442 | 39,749 | 27,795 | 19,458 |
| Amortization of operating right-of-use assets | 679 | 679 | 672 | 652 |
| Non-cash lease expense | 551 | 571 | 593 | 615 |
| Stock-based compensation | 50,874 | 40,051 | 6,318 | 7,640 |
| Equity in earnings of unconsolidated joint venture | 6,430 | 4,106 | 2,192 | 1,064 |
| Distributions of earnings from unconsolidated joint venture | 8,000 | 9,125 | 36,459 | - |
| Compute revenue related to bitcoin mining | - | - | 65,957 | 30,318 |
| Asic compute revenue | 62,117 | 186,935 | - | - |
| Losses on digital assets | 295,657 | 401,878 | -76,595 | -217,640 |
| Deferred tax assets and liabilities | -52,265 | -80,823 | 19,089 | 27,529 |
| Foreign exchange loss (gain) | -2,720 | 1,803 | -1,530 | 3,114 |
| Amortization of debt discount | 171 | 10 | 273 | 81 |
| Loss (gain) on sale of property and equipment | - | -984 | -1,467 | 312 |
| Gain on derivatives | 40,817 | 53,950 | 5,141 | 2,459 |
| Loss (gain) on other financial liability | -661 | 235 | -237 | -181 |
| Gain on warrant liability | 69 | 358 | 26 | - |
| Gain on sale of far north jv, net of transaction costs | 33,601 | - | - | - |
| Paid-in-kind interest expense | 1,759 | 2,023 | 2,366 | 7,345 |
| Asset contribution costs | - | 0 | 0 | 0 |
| Accounts receivable, net | -23,300 | 26,916 | -1,711 | 3,794 |
| Deposits and prepaid expenses | -758 | -7,675 | -2,029 | 20,823 |
| Income taxes receivable | -341 | -2,164 | 78 | 1,594 |
| Income taxes payable | 3,597 | 115 | - | - |
| Accounts payable and accrued expenses | -5,521 | -12,297 | 5,096 | 10,152 |
| Deferred revenue | 512 | -503 | -4,186 | 1,584 |
| Operating lease liabilities | -1,289 | -1,297 | -1,302 | -1,251 |
| Net cash used in operating activities | -27,222 | -57,360 | 770 | -48,787 |
| Proceeds from sale of digital assets | - | 0 | 5 | 299 |
| Bitcoin purchased | 61,317 | 117,367 | 287,780 | - |
| Other digital asset purchased | - | 0 | 25,000 | - |
| Deposit paid to purchase miners and mining equipment | - | 14,000 | - | - |
| Deposits for future sites | 16,839 | 162,691 | - | - |
| Purchases of property and equipment | 36,617 | 55,030 | 39,199 | 45,363 |
| Proceeds from sale of property and equipment | - | 653 | 835 | 1,820 |
| Cash received from bitmain deposit refund | - | 45,951 | - | - |
| Additions to intangible assets | - | 0 | 115 | 0 |
| Cash acquired on completion of the business combination-Abtc | - | 894 | - | - |
| Cash acquired on acquisition-Abtc | - | - | 894 | - |
| Cash acquired on completion of the business combination-American Data Centers | - | 117 | - | - |
| Net proceeds from sale of far north jv, net of cash divested | 63,601 | - | - | - |
| Net cash used in investing activities | -51,172 | -302,367 | -350,360 | -43,244 |
| Proceeds from loans payable | - | 70,000 | 65,000 | - |
| Proceeds from subsidiary warrants exercised | - | 0 | 6 | - |
| Net proceeds from covered call options premium | - | 0 | 8,700 | 810 |
| Repayments of loans payable | 8,000 | 9,070 | 36,514 | - |
| Deferred financing fees related to loan payable | - | 38 | - | - |
| Principal payments on finance lease | 957 | 1,795 | 1,200 | 851 |
| Settlement of finance lease obligation in connection with sale of far north jv | 20,756 | - | - | - |
| Cash paid to buyout non-controlling interest of far north jv | 9,960 | - | - | - |
| Proceeds from the issuance of common stock - stock option exercises | 48 | 111 | 80 | 11 |
| Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs | 120,120 | 159,551 | 42,788 | 112,011 |
| Proceeds from the issuance of american bitcoin corp. class a common stock - at-the-market offering, net of issuance costs | 110,502 | 149,752 | 87,992 | - |
| Proceeds from the issuance of american bitcoin corp. class a common stock, net of issuance costs | - | - | 0 | 93,264 |
| Proceeds from the issuance of american bitcoin corp. class a common stock - non-at-the-market offering, net of issuance costs | - | 205,275 | - | - |
| Proceeds from other financial liability | - | 0 | 0 | 0 |
| Net cash provided by financing activities | 190,997 | 368,511 | 166,852 | 205,245 |
| Effect of exchange rate changes on cash, and restricted cash | -591 | 201 | 15 | 164 |
| Net increase in cash | 112,012 | 8,985 | -182,723 | 113,378 |
| Cash, beginning of period | 48,614 | 39,629 | 222,352 | 108,974 |
| Cash, and restricted cash, end of period | 160,626 | 48,614 | 39,629 | 222,352 |
Hut 8 Corp. (HUT)
Hut 8 Corp. (HUT)