H

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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Gross Margin
Hut 8 Corp

-52.8%
Current
-4%
Average
46.6%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
-52.8%
=
Gross Profit
-48.4m
/
Revenue
91.7m

Gross Margin Across Competitors

Country Company Market Cap Gross
Margin
US
Hut 8 Corp
F:V71
1.9B EUR
-53%
US
Ezenia! Inc
OTC:EZEN
567B USD
62%
US
Salesforce Inc
NYSE:CRM
328.2B USD
77%
DE
SAP SE
XETRA:SAP
275.7B EUR
73%
US
Adobe Inc
NASDAQ:ADBE
196.7B USD
89%
US
Palantir Technologies Inc
NYSE:PLTR
185.4B USD
81%
US
NCR Corp
LSE:0K45
182.9B USD
23%
US
Intuit Inc
NASDAQ:INTU
180.2B USD
79%
US
Applovin Corp
NASDAQ:APP
115.3B USD
74%
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.2B USD
88%
US
Synopsys Inc
NASDAQ:SNPS
76.9B USD
80%
Country US
Market Cap 1.9B EUR
Gross Margin
-53%
Country US
Market Cap 567B USD
Gross Margin
62%
Country US
Market Cap 328.2B USD
Gross Margin
77%
Country DE
Market Cap 275.7B EUR
Gross Margin
73%
Country US
Market Cap 196.7B USD
Gross Margin
89%
Country US
Market Cap 185.4B USD
Gross Margin
81%
Country US
Market Cap 182.9B USD
Gross Margin
23%
Country US
Market Cap 180.2B USD
Gross Margin
79%
Country US
Market Cap 115.3B USD
Gross Margin
74%
Country US
Market Cap 84.2B USD
Gross Margin
88%
Country US
Market Cap 76.9B USD
Gross Margin
80%
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

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
-52.8%
=
Gross Profit
-48.4m
/
Revenue
91.7m
What is the Gross Margin of Hut 8 Corp?

Based on Hut 8 Corp's most recent financial statements, the company has Gross Margin of -52.8%.