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Hut 8 Corp. (HUT)

For the quarter ending 2025-06-30, HUT made $41,299K in revenue. $137,312K in net income. Net profit margin of 332.48%.

Overview

Revenue
$41,299K
Net Income
$137,312K
Net Profit Margin
332.48%
EPS
$1.18
Unit: Thousand (K) dollars
Revenue Breakdown
    • High Performance Computing Coloc...
    • Power
    • Digital Infrastructure

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenue41,299 21,815 43,735 35,215
Total cost of revenue21,776 18,659 17,559 20,636
Amount of realized gain (loss) from remeasurement of crypto asset, classified as operating. excludes crypto asset held for platform user- - - -71,842
Crypto asset, unrealized gain (loss), nonoperating- - -1,552 -
General and administrative expenses30,158 21,059 16,175 17,899
(gain) loss on sale of property and equipment312 -2,454 444 -
Depreciation and amortization19,458 14,899 10,462 11,531
(gains) losses on digital assets217,640 -112,394 - -
Total operating (income) expenses-168,336 150,806 27,745 101,272
Operating income (loss)187,859 -147,650 -1,569 -86,693
Unrealized gain (loss) on derivatives- - - 17,219
Interest expense- - - 6,012
Gain (loss) on extinguishment of debt- - 5,966 -
Asset contribution costs- 22,780 - -
Interest expense8,396 7,469 7,938 -
Equity in earnings of unconsolidated joint venture1,064 1,365 1,495 2,440
Foreign exchange gain (loss)3,114 9 703 720
(loss) gain on derivatives-18,403 20,862 2,704 -
(loss) gain on other financial liability-181 1,139 - -
Total other (expense) income-22,802 -6,874 2,930 14,367
Income (loss) from continuing operations before taxes165,057 -154,524 1,361 -72,326
Income tax (provision) benefit27,574 -20,205 453 -1,874
Net income (loss) from continuing operations137,483 -134,319 908 -70,452
Income (loss) from discontinued operations, net of tax, including portion attributable to noncontrolling interest- - - -1,738
Net income (loss)137,483 -134,319 908 -72,190
Less net (income) loss attributable to non-controlling interests171 -430 261 -324
Net income (loss) attributable to hut 8 corp137,312 -133,889 647 -71,866
Earnings per share, basic1.32 -1.3 0.01 -0.78
Earnings per share, diluted1.18 -1.3 0.01 -0.78
Weighted average number of shares outstanding, basic104,246,041 102,854,747 91,182,107 90,192,842
Weighted average number of shares outstanding, diluted119,018,761 102,854,747 96,407,378 90,192,842
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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(gains) losses ondigital assets$217,640K Digital Infrastructure$1,512K High PerformanceComputing Colocation And...$34,295K Power$5,492K (gain) loss on sale ofproperty and equipment$312K Total operating(income) expenses-$168,336K (-266.22%↓ Y/Y)Total revenue$41,299K (17.28%↑ Y/Y)Depreciation andamortization$19,458K (68.75%↑ Y/Y)General andadministrative expenses$30,158K (68.49%↑ Y/Y)Operating income (loss)$187,859K (316.69%↑ Y/Y)Total cost of revenue$21,776K (5.52%↑ Y/Y)Income (loss) fromcontinuing operations...$165,057K (328.21%↑ Y/Y)Total other (expense)income-$22,802K (-258.71%↓ Y/Y)Foreign exchange gain(loss)$3,114K (332.50%↑ Y/Y)Equity in earnings ofunconsolidated joint venture$1,064K (-56.39%↓ Y/Y)Net income (loss)from continuing...$137,483K (295.14%↑ Y/Y)Income tax (provision)benefit$27,574K (1571.40%↑ Y/Y)(loss) gain on otherfinancial liability-$181K (loss) gain onderivatives-$18,403K Interest expense$8,396K Net income (loss)$137,483K (290.45%↑ Y/Y)Net income (loss)attributable to hut 8 corp$137,312K (291.07%↑ Y/Y)Less net (income)loss attributable to...$171K (152.78%↑ Y/Y)