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Hut 8 Mining Corp. (T:HUT)

Business Focus: N/A

Sector:  Technology Industry:  N/A
 
See Regulatory Filings on SEDAR
Company Contact
Address: 130 King Street West, Suite 1800
TORONTO ON M5X 1E3
Tel: N/A
Website: https://hut8mining.com
IR: See website
Key People
William P. Tai
Chairman of the Board
Andrew Kiguel
President, Chief Executive Officer, Director
Jimmy Vaiopoulos
Chief Financial Officer and Corporate Secretary
Business Overview
Hut 8 Mining Corp., formerly Oriana Resources Corp., is a Canada-based cryptocurrency mining and block chain infrastructure company. The Company is engaged in the business of utilizing specialized equipment to solve computational problems to validate transactions on the bitcoin block chain.
Financial Overview
For the nine months ended 30 September 2020, Hut 8Mining Corp revenues decreased 59% to C$27.7M. Net losstotaled C$8.3M vs. income of C$15.5M. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Net loss reflectsForeign exchange gain (loss) decrease from C$703K (income)to C$773K (expense), Other Non Rec I/E - Non Business Activdecrease from C$951K (income) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $1,179M as of Sep 30, 2020
Annual revenue (TTM): $42.58M as of Sep 30, 2020
EBITDA (TTM): -$1.43M as of Sep 30, 2020
Net annual income (TTM): -$32.02M as of Sep 30, 2020
Free cash flow (TTM): -$6.46M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 113,560,770 as of Feb 19, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization