Hut 8 Mining Corp

🇨🇦Canada
HUT
Holding bitcoin since Dec 31, 2017
Website@Hut8Corp

BTC Holdings

10273

Share Price
$20.38

Current trading price per share

Market Cap
$2,569.5M

Total market capitalization

Enterprise Value
$2,212.7M

Market cap plus debt minus cash

NAV Multiple
2.092

Net Asset Value multiplier

BTC / Market Cap
47.8%

Bitcoin holdings as % of market cap

About Hut 8 Mining Corp
Hut 8 Mining Corp, listed on Nasdaq and the Toronto Stock Exchange with the ticker HUT, is a leading Bitcoin mining and digital infrastructure company based in Miami, Florida. Founded in 2018 in Canada, Hut 8 emerged as a pioneer in cryptocurrency mining, leveraging the country’s abundant hydroelectric power. Its core operations focus on operating energy-efficient mining facilities, providing high-performance computing services, and developing advanced data center infrastructure to support blockchain technologies.
The company employs a Bitcoin treasury strategy, retaining mined Bitcoin as a strategic reserve to preserve long-term value and hedge against inflation. This approach integrates Bitcoin into its corporate finance framework, aligning with its mining expertise. Beyond treasury management, Hut 8 pursues broader digital asset strategies, offering hosting and managed services for third-party miners and exploring blockchain-based solutions for industries like AI and machine learning, enhancing its role in the digital economy.
Led by CEO Asher Genoot, a seasoned technology executive, Hut 8 maintains a strong industry presence through strategic partnerships and acquisitions, such as data center expansions in North America. Its commitment to sustainable energy and operational excellence positions it as a key player in the Bitcoin ecosystem. By scaling infrastructure and innovating in digital asset services, Hut 8 ensures long-term relevance in the evolving landscape of decentralized finance and computing.

Recent Developments

  • Mar 10, 2025: Bitcoin holdings increased by 65.00 BTC to 10273 BTC with cost basis of $81K (BTC @ $13.51)
  • Feb 5, 2025: Bitcoin holdings increased by 37.00 BTC to 10208 BTC with cost basis of $97.8K (BTC @ $21.57)
  • Jan 11, 2025: Bitcoin holdings increased by 75.00 BTC to 10171 BTC with cost basis of $94.4K (BTC @ $23.4)
  • Dec 19, 2024: Bitcoin holdings increased by 974.00 BTC to 10096 BTC with cost basis of $100.2K (BTC @ $26.13)
  • Nov 30, 2024: Bitcoin holdings increased by 12.00 BTC to 9122 BTC with cost basis of $96.7K (BTC @ $28.02)
Hut 8 Mining Corp — Bitcoin Holdings Over Time
December 31, 2017 - Present
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Hut 8 Mining Corp — Stock vs BTC Dynamics
December 31, 2017 - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Mar 10, 2025
10,273
65
$81K$13.51
Feb 5, 2025
10,208
37
$97.8K$21.57
Jan 11, 2025
10,171
75
$94.4K$23.4
Dec 19, 2024
10,096
974
$100.2K$26.13
Nov 30, 2024
9,122
12
$96.7K$28.02
Nov 5, 2024
9,110
4
$69K$15.56
Sep 30, 2024
9,106
1
$64K$13.08
Aug 31, 2024
9,105
-4
$59.2K$10.11
May 6, 2024
9,109
-1
$63.9K$8.27
Feb 29, 2024
9,110
-6
$62.1K$8.73
Jan 31, 2024
9,116
-79
$42.9K$7.82
Jan 5, 2024
9,195
82
$43.8K$12.53
Nov 6, 2023
9,113
725
$35K$11.8
Sep 30, 2022
8,388
982
$19.6K$9.05
Jun 30, 2022
7,406
328
$20.1K$7.1
May 31, 2022
7,078
618
$31.7K$12.6
Mar 31, 2022
6,460
942
$47.1K$29
Dec 31, 2021
5,518
276
$47.2K$38.6
Nov 30, 2021
5,242
513
$57.8K$63.75
Sep 30, 2021
4,729
489
$41.6K$39.05
Aug 12, 2021
4,240
416
$45.7K$35.3
Jun 30, 2021
3,824
1,553
$36K$19.65
Mar 31, 2021
2,271
-490
$58.7K$36.07
Dec 31, 2020
2,761
-90
$28.8K$14.55
Sep 30, 2020
2,851
-103
$10.8K$3.65
Jun 30, 2020
2,954
-35
$9.2K$3.68
Mar 31, 2020
2,989
66
$6.4K$2.42
Dec 31, 2019
2,923
-573
$7.2K$3.95
Sep 30, 2019
3,496
246
$8.1K$8.15
Jun 30, 2019
3,250
635
$12K$10.3
Mar 31, 2019
2,615
-420
$4.1K$3.28
Dec 31, 2018
3,035
-59
$3.8K$5
Sep 30, 2018
3,094
1,431
$6.6K$11.06
Jun 30, 2018
1,663
772
$6.2K$11.3
Mar 31, 2018
891
829
$6.9K$12.77
Dec 31, 2017
62
62
$14.8K