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Hut 8 Corp
F:V71

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Hut 8 Corp
F:V71
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Price: 21 EUR -9.48% Market Closed
Market Cap: 1.9B EUR
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Hut 8 Corp
Cash & Cash Equivalents

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Hut 8 Corp
Cash & Cash Equivalents Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Cash & Cash Equivalents CAGR 3Y CAGR 5Y CAGR 10Y
H
Hut 8 Corp
F:V71
Cash & Cash Equivalents
CA$26.7m
CAGR 3-Years
45%
CAGR 5-Years
22%
CAGR 10-Years
46%
Salesforce Inc
NYSE:CRM
Cash & Cash Equivalents
$8B
CAGR 3-Years
19%
CAGR 5-Years
16%
CAGR 10-Years
25%
Palantir Technologies Inc
NYSE:PLTR
Cash & Cash Equivalents
$831m
CAGR 3-Years
-26%
CAGR 5-Years
-6%
CAGR 10-Years
N/A
Applovin Corp
NASDAQ:APP
Cash & Cash Equivalents
$502.2m
CAGR 3-Years
17%
CAGR 5-Years
13%
CAGR 10-Years
N/A
Intuit Inc
NASDAQ:INTU
Cash & Cash Equivalents
$2.9B
CAGR 3-Years
0%
CAGR 5-Years
12%
CAGR 10-Years
18%
Adobe Inc
NASDAQ:ADBE
Cash & Cash Equivalents
$7.6B
CAGR 3-Years
26%
CAGR 5-Years
23%
CAGR 10-Years
21%
No Stocks Found

Hut 8 Corp
Glance View

Market Cap
1.9B EUR
Industry
Technology

Hut 8 Mining Corp, based in Canada, stands as one of North America's largest and most innovative cryptocurrency mining companies. Founded in 2017, the company specializes in mining Bitcoin, leveraging its vast computing power to solve complex mathematical problems that validate transactions on the Bitcoin network. This process, known as proof-of-work, is at the core of Hut 8's operations, and the company earns revenues in the form of the newly minted Bitcoin it receives as rewards. At its strategically located facilities in Alberta, the company has harnessed a blend of partnering with energy providers and utilizing immersion cooling technology to enhance efficiency and reduce costs, distinguishing itself from other players in the digital mining landscape. The business model of Hut 8 relies heavily on the fluctuating nature of Bitcoin's market value, which can impact revenue generation significantly. However, the company has shown adaptability through strategic diversification, which not only includes Bitcoin mining but also extends to offering high-performance computing infrastructure services. As cryptocurrencies become more mainstream, and data needs surge across industries, Hut 8's geographical and infrastructural advantages position it uniquely to leverage these rising tides, thereby potentially opening new revenue streams beyond the volatile swings of cryptocurrency prices. This dual approach allows Hut 8 to navigate the unpredictable currents of digital currency markets while preparing for broader technological opportunities.

V71 Intrinsic Value
40.13 EUR
Undervaluation 48%
Intrinsic Value
Price
H

See Also

What is Hut 8 Corp's Cash & Cash Equivalents?
Cash & Cash Equivalents
26.7m CAD

Based on the financial report for Jun 30, 2023, Hut 8 Corp's Cash & Cash Equivalents amounts to 26.7m CAD.

What is Hut 8 Corp's Cash & Cash Equivalents growth rate?
Cash & Cash Equivalents CAGR 10Y
46%

Over the last year, the Cash & Cash Equivalents growth was -56%. The average annual Cash & Cash Equivalents growth rates for Hut 8 Corp have been 45% over the past three years , 22% over the past five years , and 46% over the past ten years .

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