Hut 8 Mining Corp
Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company operates through four segments: Power, Digital Infrastructure, Compute, and Other. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiri… Read more
Hut 8 Mining Corp (HUT) - Net Assets
Latest net assets as of March 2025: CA$987.70 Million CAD
Based on the latest financial reports, Hut 8 Mining Corp (HUT) has net assets worth CA$987.70 Million CAD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.57 Billion) and total liabilities (CA$584.19 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$987.70 Million |
| % of Total Assets | 62.84% |
| Annual Growth Rate | 85.61% |
| 5-Year Change | 748.58% |
| 10-Year Change | 564385.47% |
| Growth Volatility | 10877.4 |
Hut 8 Mining Corp - Net Assets Trend (2012–2024)
This chart illustrates how Hut 8 Mining Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hut 8 Mining Corp (2012–2024)
The table below shows the annual net assets of Hut 8 Mining Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$980.58 Million | +52.50% |
| 2023-12-31 | CA$643.00 Million | +79.92% |
| 2022-12-31 | CA$357.39 Million | -36.85% |
| 2021-12-31 | CA$565.97 Million | +389.78% |
| 2020-12-31 | CA$115.55 Million | +170.61% |
| 2019-12-31 | CA$42.70 Million | +30.75% |
| 2018-12-31 | CA$32.66 Million | +22.02% |
| 2017-12-31 | CA$26.76 Million | +39403.41% |
| 2016-12-31 | CA$67.75K | -61.00% |
| 2015-12-31 | CA$173.71K | -37.77% |
| 2014-12-31 | CA$279.15K | -22.73% |
| 2013-12-31 | CA$361.26K | -38.40% |
| 2012-12-31 | CA$586.48K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hut 8 Mining Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 23163000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$231.63 Million | 23.72% |
| Common Stock | CA$995.00K | 0.10% |
| Other Comprehensive Income | CA$-45.55 Million | -4.66% |
| Other Components | CA$789.60 Million | 80.85% |
| Total Equity | CA$976.67 Million | 100.00% |
Hut 8 Mining Corp Competitors by Market Cap
The table below lists competitors of Hut 8 Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLEARWAY ENERGY A NDL-01
F:NY4B
|
$4.15 Billion |
|
Chime Financial, Inc. Class A Common Stock
NASDAQ:CHYM
|
$4.16 Billion |
|
Sailun Jinyu Group Co Ltd
SHG:601058
|
$4.16 Billion |
|
Seiko Epson Corporation
PINK:SEKEF
|
$4.16 Billion |
|
TTVSY
PINK:TTVSY
|
$4.15 Billion |
|
Hua Hong Semiconductor Limited
PINK:HHUSF
|
$4.15 Billion |
|
Zhejiang Yinlun Machinery Co Ltd
SHE:002126
|
$4.14 Billion |
|
Ampol Limited
F:CLZ
|
$4.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hut 8 Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 643,000,785 to 976,669,000, a change of 333,668,215 (51.9%).
- Net income of 331,882,000 contributed positively to equity growth.
- New share issuances of 162,534,000 increased equity.
- Other comprehensive income decreased equity by 59,742,454.
- Other factors decreased equity by 101,005,331.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$331.88 Million | +33.98% |
| Share Issuances | CA$162.53 Million | +16.64% |
| Other Comprehensive Income | CA$-59.74 Million | -6.12% |
| Other Changes | CA$-101.01 Million | -10.34% |
| Total Change | CA$- | 51.89% |
Book Value vs Market Value Analysis
This analysis compares Hut 8 Mining Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.68x to 6.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CA$10.15 | CA$67.77 | x |
| 2012-12-31 | CA$11.97 | CA$67.77 | x |
| 2013-12-31 | CA$31.78 | CA$67.77 | x |
| 2014-12-31 | CA$24.56 | CA$67.77 | x |
| 2015-12-31 | CA$15.28 | CA$67.77 | x |
| 2016-12-31 | CA$5.96 | CA$67.77 | x |
| 2017-12-31 | CA$2524.93 | CA$67.77 | x |
| 2018-12-31 | CA$1.94 | CA$67.77 | x |
| 2019-12-31 | CA$2.36 | CA$67.77 | x |
| 2020-12-31 | CA$6.13 | CA$67.77 | x |
| 2021-12-31 | CA$21.09 | CA$67.77 | x |
| 2022-12-31 | CA$9.52 | CA$67.77 | x |
| 2023-12-31 | CA$11.63 | CA$67.77 | x |
| 2024-12-31 | CA$9.97 | CA$67.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hut 8 Mining Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 33.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.41%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.56x
- Recent ROE (33.98%) is above the historical average (-61.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -28.79% | 0.00% | 0.00x | 1.04x | CA$-227.52K |
| 2013 | -62.34% | 0.00% | 0.00x | 1.52x | CA$-261.34K |
| 2014 | -29.41% | 0.00% | 0.00x | 1.47x | CA$-110.02K |
| 2015 | -60.70% | 0.00% | 0.00x | 1.93x | CA$-122.81K |
| 2016 | -156.39% | 0.00% | 0.00x | 4.30x | CA$-112.73K |
| 2017 | 1.98% | 8.41% | 0.19x | 1.25x | CA$-2.30 Million |
| 2018 | -418.76% | -276.63% | 0.60x | 2.54x | CA$-140.03 Million |
| 2019 | 4.99% | 2.60% | 1.15x | 1.67x | CA$-2.14 Million |
| 2020 | -16.71% | -47.42% | 0.28x | 1.26x | CA$-30.86 Million |
| 2021 | -7.23% | -23.56% | 0.24x | 1.27x | CA$-97.54 Million |
| 2022 | -67.94% | -161.14% | 0.36x | 1.16x | CA$-278.55 Million |
| 2023 | 2.56% | 20.11% | 0.08x | 1.52x | CA$-47.85 Million |
| 2024 | 33.98% | 49.41% | 0.44x | 1.56x | CA$234.22 Million |
Industry Comparison
This section compares Hut 8 Mining Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $579,138
- Average return on equity (ROE) among peers: -40.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hut 8 Mining Corp (HUT) | CA$987.70 Million | -28.79% | 0.59x | $4.15 Billion |
| Hampton Financial Corp (HFC) | $2.15 Million | -40.54% | 3.04x | $8.36 Million |
| Magnetic North Acquisition Corp (MNC) | $-454.54K | 0.00% | 0.00x | $1.03 Million |
| SATO Technologies Corp (SATO) | $45.95K | -79.87% | 1.06x | $2.76 Million |