Hut 8 Corp. Files Q2 2024 10-Q
Ticker: HUT · Form: 10-Q · Filed: 2024-08-13T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, crypto
TL;DR
Hut 8's Q2 10-Q is in. Check financials.
AI Summary
Hut 8 Corp. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Key financial data and balance sheet information were disclosed, reflecting the company's operational and financial standing.
Why It Matters
This filing provides investors with the latest financial performance and position of Hut 8 Corp., crucial for understanding its current health and future prospects in the digital asset sector.
Risk Assessment
Risk Level: medium — As a company in the digital asset sector, Hut 8 faces inherent volatility and regulatory risks.
Key Numbers
- 88,962,964 — Total Assets (As of June 30, 2024)
- 90,944,959 — Total Liabilities (As of June 30, 2024)
Key Players & Entities
- Hut 8 Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240813 (date) — Filing date
- 0001964789 (company) — Central Index Key for Hut 8 Corp.
- 1101 BRICKELL AVENUE, SUITE 1500 (address) — Business and mailing address
FAQ
What were Hut 8 Corp.'s total assets as of June 30, 2024?
Hut 8 Corp.'s total assets were $88,962,964 as of June 30, 2024.
What were Hut 8 Corp.'s total liabilities as of June 30, 2024?
Hut 8 Corp.'s total liabilities were $90,944,959 as of June 30, 2024.
What is the filing date for this 10-Q?
The filing date for this 10-Q is August 13, 2024.
What period does this 10-Q report cover?
This 10-Q reports on the period ending June 30, 2024.
What is Hut 8 Corp.'s fiscal year end?
Hut 8 Corp.'s fiscal year ends on December 31.
From the Filing
0001558370-24-011968.txt : 20240813 0001558370-24-011968.hdr.sgml : 20240813 20240813063558 ACCESSION NUMBER: 0001558370-24-011968 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 120 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240813 DATE AS OF CHANGE: 20240813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hut 8 Corp. CENTRAL INDEX KEY: 0001964789 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 922056803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41864 FILM NUMBER: 241198692 BUSINESS ADDRESS: STREET 1: 1101 BRICKELL AVENUE, SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 305-224-6427 MAIL ADDRESS: STREET 1: 1101 BRICKELL AVENUE, SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33131 10-Q 1 hut-20240630x10q.htm 10-Q 0001964789 --12-31 2024 Q2 false 0 0 88962964 90944959 P4Y P10Y 0001964789 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2024-04-01 2024-06-30 0001964789 us-gaap:StockOptionMember us-gaap:NondesignatedMember 2024-01-01 2024-06-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001964789 hut:UsBitcoinCorpMember hut:AnchorageLoanMember 2024-01-01 2024-06-30 0001964789 hut:UsBitcoinCorpMember 2023-01-01 2023-03-31 0001964789 hut:Hut8MiningCorpMember 2024-01-01 2024-06-30 0001964789 us-gaap:RetainedEarningsMember 2024-06-30 0001964789 us-gaap:NoncontrollingInterestMember 2024-06-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001964789 us-gaap:RetainedEarningsMember 2024-03-31 0001964789 us-gaap:NoncontrollingInterestMember 2024-03-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001964789 us-gaap:AccumulatedTranslationAdjustmentMember 2024-03-31 0001964789 us-gaap:RetainedEarningsMember 2023-12-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001964789 us-gaap:RetainedEarningsMember 2023-06-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001964789 us-gaap:RetainedEarningsMember 2023-03-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001964789 2023-03-31 0001964789 us-gaap:RetainedEarningsMember 2022-12-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001964789 us-gaap:CommonStockMember 2024-06-30 0001964789 us-gaap:CommonStockMember 2024-03-31 0001964789 us-gaap:CommonStockMember 2023-12-31 0001964789 us-gaap:CommonStockMember 2023-06-30 0001964789 us-gaap:CommonStockMember 2023-03-31 0001964789 us-gaap:CommonStockMember 2022-12-31 0001964789 hut:UsBitcoinCorpMember hut:TimeBaseRestrictedStockAwardsMember 2023-01-05 0001964789 hut:UsBitcoinCorpMember hut:TimeBaseRestrictedStockAwardsMember 2022-12-31 0001964789 hut:UsBitcoinCorpMember hut:TimeBaseRestrictedStockAwardsMember 2021-10-10 0001964789 hut:StockPriceIsAtleast11.5Member hut:CoatueNoteMember 2024-06-28 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2022-01-01 2022-12-31 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2023-06-30 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2022-12-31 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2024-06-30 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2023-12-31 0001964789 hut:Hut8MiningCorpMember us-gaap:EmployeeStockOptionMember hut:Plan2018Member 2023-11-30 2023-11-30 0001964789 hut:Plan2023Member 2023-11-27 0001964789 hut:RolloverOptionPlanMember 2021-03-16 0001964789 hut:Plan2018Member 2018-02-15 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2023-01-01 2023-03-31 0001964789 hut:UsBitcoinCorpMember us-gaap:EmployeeStockOptionMember 2023-01-01 2023-06-30 0001964789 srt:MinimumMember us-gaap:PerformanceSharesMember 2024-01-01 2024-06-30 0001964789 srt:MaximumMember us-gaap:PerformanceSharesMember 2024-01-01 2024-06-30 0001964789