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H

Hut 8 HUT · USD

Information Technology · US listing · 🇺🇸 United States

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57.02

+8.30%

Close of 9 Nov 2026, in USD

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About Hut 8

From its filings with the US Securities and Exchange Commission

SEC filings

Hut 8 is based in Miami, Florida and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker HUT. The SEC classifies its business as finance services. In the fiscal year to 31 December 2025, it reported revenue of $235.1m and a net loss of $226.1m. At that date it held total assets of $2.75bn and shareholders' equity of $1.42bn.

In its own words

Hut 8 is an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow.

Our platform consists of three layers: Power, Digital Infrastructure, and Compute. Together, these layers form a vertically integrated foundation for next-generation, energy-intensive technology applications. This structure enables us to participate selectively across the infrastructure value chain, including securing power and interconnections, developing and operating digital infrastructure assets that leverage that power, and deploying compute capacity on or alongside that infrastructure. Today, our core focus is on commercializing this platform primarily through the development and operation of data centers at scale, supporting AI, high-performance computing (“HPC”), ASIC compute, and other energy-intensive technology applications.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Information Technology
Industry
Software
Listed since
10 Apr 2012
Employees
248
Head office
777 BRICKELL AVENUE, MIAMI, FL
Incorporated in
DE
Classification
Finance Services
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. William TaiIndependent Chairman of the BoardC$225,000
  • Mr. Asher GenootPresident, Chief Executive Officer
  • Mr. Shenif VisramChief Financial Officer
  • Mr. James BeerSenior Vice President - Operations
  • Mr. Josh RaynerVice President - Sales
  • Ms. Suzanne EnnisVice President - Corporate Development, Head of Investor RelationsC$1.5m
  • Mr. Aniss AmdissCorporate Secretary, Chief Legal Officer
  • Ms. Jaime LevertonDirector, since 2020C$10.4m
  • Mr. Joseph FlinnIndependent DirectorC$215,000
  • Ms. K. Alexia HeftiIndependent DirectorC$142,846
  • Mr. Rick RickertsenIndependent DirectorC$3,150

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
42
Environment
33
Social
51
Governance
42
Direct emissions (scope 1)
186 t
Energy emissions (scope 2)
415,899 t
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Five high performance computing data centers are located in British Columbia and Ontario.
  • Six Bitcoin mining sites operate in Alberta, New York, Nebraska, and Texas.
  • Artificial intelligence and machine learning technologies are utilized for emerging solutions.

Weaknesses

  • Only ninety-eight full-time employees are currently employed by the company.
  • The company operates in the competitive Software industry sector globally.
  • Reliance on specific infrastructure sites limits operational flexibility significantly.

Opportunities

  • Cloud and colocation services can be delivered to enterprise customers.
  • High performance computing solutions support complex customer workloads effectively.
  • Energy arbitrage strategies may improve overall operational efficiency.

Threats

  • Market volatility affects the profitability of Bitcoin mining operations.
  • Technological changes require continuous investment in new infrastructure.
  • Competition in the global technology ecosystem is intensifying.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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