Hut 8 Mining Corp
TSX:HUT

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Hut 8 Mining Corp
TSX:HUT
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Price: 34 CAD -0.61% Market Closed
Market Cap: 3.2B CAD
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Hut 8 Mining Corp
Revenue

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
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Annual
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Hut 8 Mining Corp
Revenue Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Revenue CAGR 3Y CAGR 5Y CAGR 10Y
Hut 8 Mining Corp
TSX:HUT
Revenue
CA$91.7m
CAGR 3-Years
13%
CAGR 5-Years
37%
CAGR 10-Years
N/A
Open Text Corp
TSX:OTEX
Revenue
$5.6B
CAGR 3-Years
18%
CAGR 5-Years
14%
CAGR 10-Years
12%
Descartes Systems Group Inc
TSX:DSG
Revenue
$607.7m
CAGR 3-Years
17%
CAGR 5-Years
15%
CAGR 10-Years
14%
Topicus.com Inc
XTSX:TOI
Revenue
€1.1B
CAGR 3-Years
32%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Constellation Software Inc
TSX:CSU
Revenue
$9.7B
CAGR 3-Years
26%
CAGR 5-Years
24%
CAGR 10-Years
20%
Lumine Group Inc
XTSX:LMN
Revenue
$499.7m
CAGR 3-Years
44%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Hut 8 Mining Corp
Glance View

Market Cap
3.2B CAD
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
55.49 CAD
Undervaluation 39%
Intrinsic Value
Price

See Also

What is Hut 8 Mining Corp's Revenue?
Revenue
91.7m CAD

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

What is Hut 8 Mining Corp's Revenue growth rate?
Revenue CAGR 5Y
37%

Over the last year, the Revenue growth was -55%. The average annual Revenue growth rates for Hut 8 Mining Corp have been 13% over the past three years , 37% over the past five years .

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