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Hut 8 (TSE:HUT)
TSX:HUT
Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.17Last Year’s EPS
-1.07Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 24.30%
|Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. On one hand, Hut 8 demonstrated strategic growth plans with the expansion of its Power origination pipeline and successful fleet upgrades, contributing to potential future gains. The launch of American Bitcoin is positioned to strategically navigate the Bitcoin mining sector. However, the call also highlighted significant immediate financial setbacks, including a substantial revenue decline, net loss, and increased operating costs. While the company's strategic moves may yield future benefits, the current financial performance reflects notable challenges.Company Guidance
During the first quarter of 2025, Hut 8 focused on strategic investments to advance its evolution as an integrated energy infrastructure platform. The company reported a revenue of $21.8 million, a decline from $51.7 million in the previous year, mainly due to planned downtime for fleet upgrades and the April 2024 Bitcoin halving. This resulted in a net loss of $134.3 million compared to a net income of $250.7 million the prior year. Adjusted EBITDA was negative $117.7 million, down from $297 million. The company's energy costs per megawatt hour rose from $40.06 to $51.71, influenced by fixed charges amidst reduced consumption. Despite these challenges, Hut 8 ended the quarter with 10,264 Bitcoin, valued at $847.2 million. The period marked the launch of American Bitcoin, intended to streamline capital allocation and enhance growth in the Power and Digital Infrastructure segments.Power Origination Pipeline
As of March 31, 2025, Hut 8's Power origination pipeline spanned approximately 10,800 megawatts with approximately 2,600 megawatts under exclusivity, indicating a strong position for future growth.
Fleet Upgrade and Efficiency
Completed a fleet upgrade, resulting in a 79% increase in deployed hash rates and a 37% improvement in fleet efficiency quarter-over-quarter, enhancing mining economics.
Strong Balance Sheet
Hut 8 ended the quarter with 10,264 Bitcoin held in reserve, representing $847.2 million in market value, indicating solid financial health.
American Bitcoin Launch
The launch of American Bitcoin as a dedicated entity to operate Bitcoin mining operations, aiming to accumulate Bitcoin at scale with exceptional speed and efficiency.
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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 |
|---|---|---|---|
May 08, 2025 | C$17.45 | C$19.72 | +13.01% |
Mar 03, 2025 | C$21.33 | C$20.40 | -4.36% |
Nov 13, 2024 | C$33.27 | C$34.72 | +4.36% |
Aug 13, 2024 | C$15.67 | C$15.00 | -4.28% |
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 Aug 19, 2025, TBA Not Confirmed.
What is Hut 8 (TSE:HUT) earnings time?
Hut 8 (TSE:HUT) earnings time is at Aug 19, 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 2025 (Q2) is -0.17.
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