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Hut 8 (TSE:HUT)
TSX:HUT
Holding TSE:HUT?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
-4.5Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 15.06%
|Next Earnings Date:Aug 16, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth driven by strategic initiatives and effective cost management, particularly in managed services and power operations. However, there was a notable decline in digital asset mining revenues and adjusted EBITDA. The company's strategic focus on power-first infrastructure and AI development positions it well for future growth.Company Guidance
During the Hut 8 Q3 2024 earnings call, guidance emphasized strategic initiatives to drive growth, with revenue reaching $43.7 million, a 102% year-over-year increase. Key drivers include a 15 exahash colocation agreement for ASIC compute and the launch of the GPU-as-a-Service business, anticipated to generate nine figures in annualized revenue. Despite challenges like rising network difficulty and declining hash price, the company achieved a 28% reduction in average energy cost per kilowatt hour over the past two quarters. Future strategies include expanding power capacity by more than 2 gigawatts and 500 megawatts under exclusivity, with a focus on AI data center development. The company also highlighted the importance of disciplined capital allocation and financing strategies, leveraging a strong balance sheet with $649 million in cash and Bitcoin to support growth initiatives.Revenue Growth
Revenue grew 102% year-over-year to $43.7 million for the 3 months ended September 30, 2024.
Strategic Initiatives
Executed three major strategic initiatives including a 15 exahash colocation agreement with Bitmain, launch of GPU-as-a-Service business, and conversion of a loan to equity.
Cost Management
Achieved a nearly 28% reduction in average cost of energy per kilowatt hour over the past two quarters.
Managed Services Growth
Revenue increased more than fourfold year-over-year to $20.8 million, with gross margins expanding from 70% to 86%.
Natural Gas Power Plant Revenue
Revenue from natural gas power plants grew fivefold year-over-year to $7.9 million.
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TSE: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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TSE:HUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$33.27 | C$34.72 | +4.36% |
| Aug 13, 2024 | C$15.67 | C$15.00 | -4.28% |
| May 15, 2024 | C$10.65 | C$11.98 | +12.49% |
| Mar 28, 2024 | C$13.41 | C$14.96 | +11.56% |
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 (TSE:HUT) report earnings?
Hut 8 (TSE:HUT) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Hut 8 (TSE:HUT) earnings time?
Hut 8 (TSE:HUT) earnings time is at Mar 27, 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 TSE:HUT EPS forecast?
TSE:HUT EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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