Hut 8 Mining Corp

🇨🇦Canada
HUT
Holding bitcoin since Dec 31, 2017

BTC Holdings

10273

Share Price
$21.13

Current trading price per share

Market Cap
$2,428.9M

Total market capitalization

Enterprise Value
$2,212.7M

Market cap plus debt minus cash

NAV Multiple
2.154

Net Asset Value multiplier

BTC / Market Cap
46.42%

Bitcoin holdings as % of market cap

About Hut 8 Mining Corp

Hut 8 Mining Corp, a publicly traded entity listed under the ticker HUT, stands as a prominent player in the digital asset mining industry with its headquarters rooted in Canada. The company focuses on the operation of high-performance computing infrastructure to mine Bitcoin, positioning itself at the forefront of the blockchain ecosystem. By leveraging advanced mining hardware and energy-efficient facilities, Hut 8 ensures a robust and scalable approach to digital currency production. Its business model centers on harnessing computational power to validate transactions on the Bitcoin network, earning rewards in the form of newly minted coins. Beyond mining, the company also explores strategic partnerships and infrastructure development to enhance its operational footprint. With a strong emphasis on sustainability, Hut 8 integrates innovative energy solutions to power its mining operations, aligning with Canada’s reputation for progressive environmental policies. This commitment not only supports operational efficiency but also resonates with the growing demand for responsible practices in the cryptocurrency sector. The company’s dedication to maintaining a secure and reliable mining network underscores its role as a key contributor to the decentralized financial landscape, fostering trust and stability within the broader Bitcoin community. By prioritizing technological advancement and operational excellence, Hut 8 continues to solidify its foundation as a leader in the digital asset space, driving forward the adoption of blockchain technology across industries.

A defining aspect of Hut 8 Mining Corp’s strategy lies in its sophisticated approach to Bitcoin treasury management, which sets it apart in the corporate finance realm. The company actively holds a significant reserve of Bitcoin as part of its balance sheet, viewing the digital asset as a core component of its long-term value proposition. This treasury strategy reflects a deep belief in Bitcoin’s potential as a store of value and a hedge against traditional financial uncertainties. Hut 8 employs a disciplined methodology to manage its digital holdings, balancing the accumulation of Bitcoin with operational needs and strategic growth initiatives. By integrating Bitcoin into its corporate treasury, the company not only demonstrates confidence in the cryptocurrency’s future but also pioneers a model for other public entities to follow. This approach allows Hut 8 to align its financial structure with the evolving dynamics of the digital economy, positioning it as an advocate for mainstream Bitcoin adoption. Furthermore, the company’s treasury practices emphasize transparency and security, ensuring that its digital assets are safeguarded through robust protocols. This forward-thinking stance highlights Hut 8’s role in bridging the gap between traditional finance and decentralized systems, offering a blueprint for how corporations can embrace digital currencies as part of their financial frameworks while contributing to the broader acceptance of Bitcoin globally.

Within the cryptocurrency mining industry, Hut 8 Mining Corp holds a significant position as a trailblazer, particularly in the North American market with its strong Canadian base. The company’s strategic focus on large-scale mining operations and digital asset integration places it among the key influencers shaping the future of blockchain technology. Its ability to operate at scale, combined with a commitment to innovation, enables Hut 8 to maintain a competitive edge in an increasingly dynamic sector. The company’s presence in Canada, a region known for its supportive regulatory environment and access to renewable energy sources, further enhances its operational advantages and industry standing. Hut 8 plays a pivotal role in driving Bitcoin adoption by demonstrating how public companies can effectively incorporate digital assets into their corporate strategies, inspiring confidence among institutional investors and stakeholders. Its influence extends beyond mining, as it actively contributes to the narrative of Bitcoin as a legitimate financial instrument in corporate treasuries. By fostering partnerships and advocating for the integration of blockchain solutions, Hut 8 helps pave the way for broader acceptance of decentralized technologies in mainstream finance. The company’s strategic vision and operational prowess position it as a leader in the digital asset ecosystem, reinforcing its importance in the global push toward a decentralized financial future while maintaining a strong foothold in the evolving landscape of cryptocurrency innovation.

Recent Developments

  • Mar 10, 2025: Bitcoin holdings increased by 65.00 BTC to 10273 BTC with cost basis of $81K
  • Feb 5, 2025: Bitcoin holdings increased by 37.00 BTC to 10208 BTC with cost basis of $97.8K
  • Jan 11, 2025: Bitcoin holdings increased by 75.00 BTC to 10171 BTC with cost basis of $94.4K
  • Dec 19, 2024: Bitcoin holdings increased by 974.00 BTC to 10096 BTC with cost basis of $100.2K
  • Nov 30, 2024: Bitcoin holdings increased by 12.00 BTC to 9122 BTC with cost basis of $96.7K
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
10273
65
$80975
Feb 5, 2025
10208
37
$97793
Jan 11, 2025
10171
75
$94413
Dec 19, 2024
10096
974
$100232
Nov 30, 2024
9122
12
$96710
Nov 5, 2024
9110
4
$68984
Sep 30, 2024
9106
1
$64041
Aug 31, 2024
9105
-4
$59154
May 6, 2024
9109
-1
$63933
Feb 29, 2024
9110
-6
$62077
Jan 31, 2024
9116
-79
$42930
Jan 5, 2024
9195
82
$43824
Nov 6, 2023
9113
725
$35040
Sep 30, 2022
8388
982
$19564
Jun 30, 2022
7406
328
$20109
May 31, 2022
7078
618
$31741
Mar 31, 2022
6460
942
$47063
Dec 31, 2021
5518
276
$47192
Nov 30, 2021
5242
513
$57849
Sep 30, 2021
4729
489
$41588
Aug 12, 2021
4240
416
$45652
Jun 30, 2021
3824
1553
$35969
Mar 31, 2021
2271
-490
$58669
Dec 31, 2020
2761
-90
$28837
Sep 30, 2020
2851
-103
$10838
Jun 30, 2020
2954
-35
$9185
Mar 31, 2020
2989
66
$6403
Dec 31, 2019
2923
-573
$7240
Sep 30, 2019
3496
246
$8064
Jun 30, 2019
3250
635
$11973
Mar 31, 2019
2615
-420
$4104
Dec 31, 2018
3035
-59
$3810
Sep 30, 2018
3094
1431
$6606
Jun 30, 2018
1663
772
$6182
Mar 31, 2018
891
829
$6897
Dec 31, 2017
62
62
$14840