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