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HUT

Hut 8 Corp.

Information TechnologyFinance Services
Ticker HUTMIAMI, FLFiscal year ends DecemberBook value per share $12.57Diluted shares 114.8M

Hut 8 Corp. (Nasdaq: HUT) operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to support next-generation, energy-intensive technology applications. The company's website is located at hut8.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$235.12MFY2025
+44.8% year over year
Last 12 mo $317.95M
-136.95%FY2025
−420.6 percentage points
Last 12 mo -295.30%
$-248.00MFY2025
−174.8% year over year
Last 12 mo $-681.44M
-15.90%FY2025
−49.9 percentage points
Last 12 mo -41.56%
Cash & financing
$-139.23MFY2025
−103.1% year over year
Last 12 mo $-89.44M
$-342.15MFY2025
−77.7% year over year
Last 12 mo $-799.85M
0.29FY2025
Was 0.33× a year earlier
Last 12 mo 5.29
105.3MFY2025
+4.2% year over year
Last 12 mo 114.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Hut 8 Corp. does

In the company’s own words

Hut 8 Corp. (Nasdaq: HUT) operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to support next-generation, energy-intensive technology applications. The company's website is located at hut8.com.

The company was formed through a business combination completed on November 30, 2023, between U.S. Data Mining Group, Inc. (doing business as "US BITCOIN"), Hut 8 Mining Corp., and a newly-formed Delaware corporation. This combination created a vertically integrated platform spanning three core layers: Power, Digital Infrastructure, and Compute.

Hut 8's Power layer comprises 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada, including owned, leased, and operated energy assets such as powered land, interconnects, substations, and switchyards. The Digital Infrastructure layer consists of five ASIC compute data centers, five traditional cloud and colocation data centers, and one non-operational ASIC compute site, with an additional AI data center under development at the River Bend campus in Louisiana targeting 330 megawatts of utility capacity.

The Compute layer operates three primary brands: American Bitcoin, a majority-owned subsidiary focused on industrial-scale ASIC compute and Bitcoin accumulation; Hut 8 Canada, providing cloud infrastructure and colocation services to over 200 customers across five Canadian data centers; and Highrise AI, an AI cloud platform offering bare-metal infrastructure for AI model training and deployment.

The company reports across three core operating segments—Power, Digital Infrastructure, and Compute—plus an Other segment capturing non-core activities. As of December 31, 2025, Hut 8 employed 248 full-time employees in the United States and Canada. The company maintains a development pipeline of approximately 8,500 megawatts of capacity across various stages of diligence, exclusivity, development, and construction.

Hut 8's strategy emphasizes a power-first, innovation-driven approach to infrastructure development, leveraging deep expertise in power origination, grid interconnection, and greenfield development to create a defensible competitive advantage in the supply-constrained energy infrastructure market.

Company details
Sector
Information Technology
Industry (SIC)
Finance Services
Headquarters
MIAMI, FL
Fiscal year end
December
CIK
1964789
SIC
6199

Financial performance, year by year

Fiscal 2024–2025 · USD
$-782.72M$-478.87M$-175.01M$128.84M$432.69M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Hut 8 Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

297
funds hold it
3 of 35
superinvestors hold it
$3.64B
held by funds, at market
26.0%
of shares held by funds
2
bond issues held by funds

Superinvestors in Hut 8 Corp. · what they did last quarter

Stephen MandelDECREASED -5.0%
Lone Pine Capital
4.1%of 13F portfolio
Daniel LoebINCREASED +51.2%
Third Point
3.3%of 13F portfolio
Stanley DruckenmillerNEW
Duquesne Family Office
0.8%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Hut 8 Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.37%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.14%of fund net assets
0.13%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.33%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Hut 8 Corp.’s bonds, as funds hold them

Funds report holding 2 issues of Hut 8 Corp.’s debt, $1.46B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.17%, maturing 2042 to 2042.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Hut 8 Corp. and its peers compare on margins and cash generation over ten years?”
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