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Hut 8 (HUT)
NASDAQ:HUT
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
2.62Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -5.42%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a company in transition, with significant revenue growth and strategic initiatives in AI and digital infrastructure. Despite some contract terminations and site shutdowns, the focus on capital efficiency and expansion into new markets and technologies suggests a positive outlook.Company Guidance
During the call, Hut 8 provided comprehensive guidance for the fiscal year 2024, focusing on key metrics and strategic initiatives. The company reported a 69% year-over-year revenue growth to $162.4 million and an adjusted EBITDA increase to $555.7 million. Hut 8's transformation centered around three main objectives: optimizing operations, fortifying capital strategy, and developing a utility-scale power origination pipeline. Operational optimization led to a 30% reduction in energy costs per megawatt hour and an 8-point increase in gross margin per Bitcoin mined. The capital strategy saw strategic deleveraging with the conversion of a $37.9 million digital loan to equity and increased institutional ownership to approximately 55% by year-end. The power origination pipeline expanded significantly, with capacity under exclusivity doubling to 2,800 megawatts. Hut 8 also restructured its reporting framework into three core segments—power, digital infrastructure, and compute—to better align with its business model and strategic priorities.Revenue Growth
Hut 8's revenue grew 69% year-over-year to $162.4 million for the 12-months ended December 31, 2024.
Increase in Net Income and EBITDA
Net income was $331.4 million, and adjusted EBITDA was $555.7 million, both reflecting a gain on digital assets.
Capital Strategy and Institutional Ownership
Institutional ownership increased from approximately 12% to 55% by year-end, demonstrating a strong focus on long-term value creation.
Power Segment Performance
Power segment revenue more than doubled to $56.6 million, driven by increases in power generation and managed services revenue.
Digital Infrastructure Growth
Digital infrastructure segment revenue more than doubled to $17.5 million, with significant contributions from CPU and ASIC co-location services.
Strategic Developments in AI and HPC
Development of the Vega site remains on track for energization in Q2 2025, expected to generate approximately $125 million in annualized revenue.
River Bend Acquisition
Acquired a 300-megawatt utility-scale power asset in Louisiana, with plans for large-scale digital infrastructure development.
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HUT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $14.75 | $14.08 | -4.54% |
| Nov 13, 2024 | $23.86 | $24.78 | +3.86% |
| Aug 13, 2024 | $11.39 | $10.96 | -3.78% |
| May 15, 2024 | $7.79 | $8.83 | +13.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hut 8 (HUT) report earnings?
Hut 8 (HUT) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Hut 8 (HUT) earnings time?
Hut 8 (HUT) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HUT EPS forecast?
HUT EPS forecast for the fiscal quarter 2025 (Q1) is -0.15.
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