Hut 8 Corp. Files Q3 2024 10-Q
Ticker: HUT · Form: 10-Q · Filed: 2024-11-13T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, crypto, finance-services
TL;DR
Hut 8's Q3 10-Q is in - check financials for crypto and finance services ops.
AI Summary
Hut 8 Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which is involved in finance services and crypto assets. Key financial figures and operational segments, such as Hut 8 Mining Corp. and US Bitcoin Corp., are presented within the report.
Why It Matters
This filing provides investors and stakeholders with a detailed look into Hut 8 Corp.'s financial health and operational status for the third quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency and finance services sectors, which inherently carry significant market and regulatory risks.
Key Numbers
- 88,962,964 — Total Assets (As of September 30, 2024, indicating the company's asset base.)
- 93,512,499 — Total Liabilities (As of September 30, 2024, showing the company's debt obligations.)
Key Players & Entities
- Hut 8 Corp. (company) — Filer of the 10-Q
- 20240930 (date) — Period of report
- 20241113 (date) — Filing date
- US Bitcoin Corp. (company) — Operational segment mentioned
- Hut 8 Mining Corp. (company) — Operational segment mentioned
FAQ
What were Hut 8 Corp.'s total assets as of September 30, 2024?
Hut 8 Corp.'s total assets were $88,962,964 as of September 30, 2024.
What were Hut 8 Corp.'s total liabilities as of September 30, 2024?
Hut 8 Corp.'s total liabilities were $93,512,499 as of September 30, 2024.
What is the filing date for this 10-Q report?
This 10-Q report was filed on November 13, 2024.
What is the period of report for this 10-Q filing?
The period of report for this 10-Q filing is September 30, 2024.
Which operational segments of Hut 8 Corp. are mentioned in the filing data?
The filing data mentions US Bitcoin Corp. and Hut 8 Mining Corp. as operational segments.
From the Filing
0001558370-24-015423.txt : 20241113 0001558370-24-015423.hdr.sgml : 20241113 20241113063053 ACCESSION NUMBER: 0001558370-24-015423 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 125 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241113 DATE AS OF CHANGE: 20241113 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: 241451073 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-20240930x10q.htm 10-Q 0001964789 --12-31 2024 Q3 false 0 0 88962964 93512499 P4Y P10Y http://fasb.org/us-gaap/2024#PrimeRateMember http://www.hut8mining.com/20240930#BasisspreadonvariablerateRateMember http://www.hut8mining.com/20240930#BasisspreadonvariablerateRateMember http://www.hut8mining.com/20240930#BasisspreadonvariablerateRateMember 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001964789 hut:UsBitcoinCorpMember 2023-07-01 2023-09-30 0001964789 hut:UsBitcoinCorpMember hut:AnchorageLoanMember 2024-01-01 2024-09-30 0001964789 us-gaap:CommonStockMember 2023-07-01 2023-09-30 0001964789 hut:UsBitcoinCorpMember 2023-01-01 2023-03-31 0001964789 hut:Hut8MiningCorpMember 2024-01-01 2024-09-30 0001964789 us-gaap:RetainedEarningsMember 2024-09-30 0001964789 us-gaap:NoncontrollingInterestMember 2024-09-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001964789 us-gaap:RetainedEarningsMember 2024-06-30 0001964789 us-gaap:NoncontrollingInterestMember 2024-06-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001964789 us-gaap:AccumulatedTranslationAdjustmentMember 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 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccountingStandardsUpdate202308Member us-gaap:RetainedEarningsMember 2023-09-30 0001964789 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccountingStandardsUpdate202308Member 2023-09-30 0001964789 us-gaap:RetainedEarningsMember 2023-09-30 0001964789 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 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 us-gaap:RetainedEarningsMember 2022-12-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001964789 us-gaap:CommonStockMember 2024-09-30 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 2023-09-30 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:UsBitc