Sector: Technology | Industry: Blockchain & Cryptocurrency |
Company Contact | |
Address: | 1101 Brickell Avenue, Suite 1500 MIAMI FL 33131 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Asher Genoot President, Chief Executive Officer | Shenif Visram Chief Financial Officer | James Beer Senior Vice President - Operations |
Josh Rayner Vice President - Sales | Suzanne Ennis Vice President - Corporate Development, Head of Investor Relations | Aniss Amdiss Corporate Secretary, Chief Legal Officer |
Business Overview |
Hut 8 Corp. is a data mining company. The Company provides the infrastructure and solutions in the global technology ecosystem. The Company is engaged in Bitcoin mining and hosting, managed services, energy arbitrage, operating traditional data centers, and utilizing emerging technologies, such as artificial intelligence (AI) and machine learning. It operates computing infrastructure across its sites that mines Bitcoin and delivers cloud, colocation, and high performance computing services to its enterprise customers. Its infrastructure portfolio includes about eleven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, AI, machine learning, and visual effects (VFX) rendering computing solutions, and six Bitcoin mining, hosting, and managed services sites located in Alberta, New York, Nebraska, and Texas. The Company's infrastructure and networking capabilities support customers complex workloads and computing needs. |
Financial Overview |
For the nine months ended 30 September 2023, Hut 8 Corp revenues decreased 57% to C$55.2M. Net income totaled C$38.2M vs. loss of C$56.1M. Revenues reflect Digital assets mined decrease of 64% to C$42M, Hosting fees decrease from C$751K to C$0K. Net Income reflects FV Adjustments of Financial Investment increase from C$97.6M (expense) to C$124.6M (income), G/L on Sale of Tangible & Intangible FA increase from C$0K to C$4.3M (income). |
Employees: | 98 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $1,008M as of Sep 30, 2023 |
Annual revenue (TTM): | $77.02M as of Sep 30, 2023 |
EBITDA (TTM): | -$20.02M as of Sep 30, 2023 |
Net annual income (TTM): | -$148.46M as of Sep 30, 2023 |
Free cash flow (TTM): | $10.98M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 89,117,255 as of Mar 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |