Hut 8 Mining Corp
NASDAQ:HUT

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Hut 8 Mining Corp
NASDAQ:HUT
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Price: 23.68 USD -0.5% Market Closed
Market Cap: 2.1B USD
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Hut 8 Mining Corp
Operating Income

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 Mining Corp
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Income CAGR 3Y CAGR 5Y CAGR 10Y
Hut 8 Mining Corp
TSX:HUT
Operating Income
-CA$91.7m
CAGR 3-Years
-54%
CAGR 5-Years
-73%
CAGR 10-Years
-87%
Open Text Corp
TSX:OTEX
Operating Income
$1B
CAGR 3-Years
13%
CAGR 5-Years
11%
CAGR 10-Years
11%
Descartes Systems Group Inc
TSX:DSG
Operating Income
$153.7m
CAGR 3-Years
20%
CAGR 5-Years
25%
CAGR 10-Years
20%
Topicus.com Inc
XTSX:TOI
Operating Income
€165.2m
CAGR 3-Years
22%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Constellation Software Inc
TSX:CSU
Operating Income
$1.4B
CAGR 3-Years
19%
CAGR 5-Years
21%
CAGR 10-Years
23%
Lumine Group Inc
XTSX:LMN
Operating Income
$63.5m
CAGR 3-Years
31%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Hut 8 Mining Corp
Glance View

Market Cap
2.1B USD
Industry
Technology

Hut 8 Mining Corp., founded in 2017, stands as a formidable entity in the fast-paced world of cryptocurrency mining. Based in Canada, the company emerged from the confluence of technological innovation and the burgeoning demand for digital currencies. Armed with a robust infrastructure comprising powerful data centers, Hut 8 engages in the computationally intensive process of crypto mining, focusing primarily on Bitcoin. By utilizing vast amounts of energy to solve complex mathematical problems, they validate and add transactions to the cryptocurrency's blockchain. This process is not just technological wizardry but also an art of managing overhead costs and resource efficiency, a discipline in which Hut 8 has proved proficient. The financial engineering behind Hut 8's operations is as critical as the technology itself. The company deftly navigates the volatile crypto markets, earning revenue from the Bitcoin awarded to miners and transaction fee incentives. This digital treasure trove is strategically managed and periodically liquidated to fund operations, expansion, and debt obligations. Additionally, Hut 8 diversifies its income through rigorously structured energy purchasing strategies, capitalizing on Canada's cold climate to reduce cooling costs, thus enhancing profit margins. The multidimensional approach to both mining and financial management has allowed Hut 8 to establish a substantial foothold in the industry, standing resilient amid the swings of cryptocurrency valuations.

HUT Intrinsic Value
38.65 USD
Undervaluation 39%
Intrinsic Value
Price

See Also

What is Hut 8 Mining Corp's Operating Income?
Operating Income
-91.7m CAD

Based on the financial report for Jun 30, 2023, Hut 8 Mining Corp's Operating Income amounts to -91.7m CAD.

What is Hut 8 Mining Corp's Operating Income growth rate?
Operating Income CAGR 10Y
-87%

The average annual Operating Income growth rates for Hut 8 Mining Corp have been -54% over the past three years , -73% over the past five years , and -87% over the past ten years .

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