For the year ending 2025-12-31, HUT had -$37,021K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -247,998 | 331,409 |
| Depreciation and amortization | 101,901 | 47,773 |
| Impairment - other | - | 4,472 |
| Amortization of operating right-of-use assets | 2,612 | 1,636 |
| Non-cash lease expense | 2,390 | 1,972 |
| Stock-based compensation | 57,802 | 20,783 |
| Equity in earnings of unconsolidated joint venture | 8,727 | 10,359 |
| Distributions of earnings from unconsolidated joint venture | 45,584 | 11,000 |
| Bitcoin mining revenue | - | 71,536 |
| Hosting revenue earned in bitcoin | - | 4,262 |
| Compute revenue related to asic compute | 186,935 | - |
| Losses (gains) on digital assets | 220,037 | -509,337 |
| Deferred tax assets and liabilities | -54,648 | 111,758 |
| Gain on debt extinguishment | - | 5,966 |
| Non-cash income | - | 4,472 |
| Foreign exchange (gain) loss | 3,396 | -5,000 |
| Amortization of debt discount | 508 | 4,178 |
| Loss (gain) on sale of property and equipment | -4,593 | 634 |
| Gain on derivatives | 61,550 | 6,780 |
| Gain on other financial liability | 956 | - |
| Gain on bargain purchase | - | 3,060 |
| Gain on warrant liability | 384 | - |
| Paid-in-kind interest expense | 18,002 | 15,249 |
| Loss (income) on discontinued operations | - | -7,044 |
| Asset contribution costs | 22,780 | - |
| Accounts receivable, net | 26,374 | 719 |
| Deposits and prepaid expenses | 9,876 | 5,584 |
| Equipment held for sale | - | -3,907 |
| Income taxes receivable | -732 | 1,073 |
| Income taxes payable | 115 | - |
| Accounts payable and accrued expenses | -5,589 | -8,349 |
| Deferred revenue | -4,741 | 3,499 |
| Operating lease liabilities | -5,108 | -3,767 |
| Deposit liability | - | -2,317 |
| Net cash used in operating activities | -139,226 | -68,535 |
| Proceeds from sale of digital assets | 3,737 | 74,476 |
| Bitcoin purchased | 405,147 | 100,708 |
| Other digital asset purchased | 25,000 | - |
| Deposit paid to purchase miners and mining equipment | 14,000 | 39,611 |
| Deposits for future sites | 162,691 | - |
| Purchases of property and equipment | 202,928 | 123,991 |
| Proceeds from sale of property and equipment | 5,871 | 4,851 |
| Cash received from bitmain deposit refund | 45,951 | - |
| Additions to intangible assets | 1,011 | 286 |
| Cash paid to acquire investment in ionic | - | 6,378 |
| Cash acquired on completion of the business combination-Abtc | 894 | - |
| Cash acquired on far north acquisition-Far North Power Corp | - | 3,175 |
| Cash acquired on completion of the business combination-American Data Centers | 117 | - |
| Net cash (used in) provided by investing activities | -754,207 | -188,472 |
| Proceeds from loans payable | 135,000 | 14,849 |
| Proceeds from notes payable | - | 150,000 |
| Proceeds from subsidiary warrants exercised | 6 | - |
| Net proceeds from covered call options premium | 9,510 | 22,236 |
| Repayments of loans payable | 45,584 | 34,039 |
| Debt issuance costs paid | - | 867 |
| Deferred financing fees related to loan payable | 38 | - |
| Principal payments on finance lease | 3,965 | 2,727 |
| Payment of withholding tax on vesting of restricted stock units | - | 40 |
| Proceeds from the issuance of common stock - stock option exercises | 329 | 576 |
| Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs | 314,350 | - |
| Proceeds from the issuance of american bitcoin corp. class a common stock - at-the-market offering, net of issuance costs | 237,744 | - |
| 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 the issuance of common stock in at-the-market offering, net of issuance costs | - | 161,958 |
| Proceeds from other financial liability | 3,500 | - |
| Net cash provided by financing activities | 856,127 | 311,946 |
| Effect of exchange rate changes on cash, and restricted cash | 285 | -261 |
| Net (decrease) increase in cash | -37,021 | 54,678 |
| Cash, beginning of period | 85,635 | 30,957 |
| Cash, and restricted cash, end of period | 48,614 | 85,635 |
Hut 8 Corp. (HUT)
Hut 8 Corp. (HUT)