Hut 8 Corp. Files 2024 Annual Report
Ticker: HUT · Form: 10-K · Filed: 2025-03-03T00:00:00.000Z
Sentiment: neutral
Topics: annual-report, finance, digital-assets
TL;DR
Hut 8 filed its 2024 10-K. All the deets on their financials are in there.
AI Summary
Hut 8 Corp. filed its 10-K for the fiscal year ending December 31, 2024, reporting on its financial performance and operations. The company, incorporated in Delaware, is based in Miami, Florida, and operates within the finance services sector. Key financial data and risk factors are detailed within the filing, providing a comprehensive overview for investors.
Why It Matters
This 10-K filing provides crucial insights into Hut 8 Corp.'s financial health and strategic direction for the past fiscal year, impacting investor decisions and market perception.
Risk Assessment
Risk Level: medium — The filing contains standard risk disclosures typical for a company in the finance and digital asset sector, including market volatility and regulatory changes.
Key Numbers
- 99478012 — Derivative Gain/Loss (Indicates financial impact from derivative instruments.)
- 88962964 — Useful Life (Relates to asset depreciation and valuation.)
Key Players & Entities
- Hut 8 Corp. (company) — Filer of the 10-K
- December 31, 2024 (date) — Fiscal year end
- Miami, Florida (location) — Business and mailing address
- 6199 (number) — Standard Industrial Classification code for Finance Services
- 2025-01-01 (date) — Start date for subsequent events
- 2025-02-28 (date) — End date for subsequent events
FAQ
What was Hut 8 Corp.'s net income or loss for the fiscal year ended December 31, 2024?
The provided snippet does not contain specific net income or loss figures for the fiscal year ended December 31, 2024. It focuses on identifying numbers related to derivative gains/losses and useful life.
What are the primary risks disclosed by Hut 8 Corp. in this 10-K filing?
The filing mentions standard risk disclosures relevant to the finance and digital asset sector, including market volatility and regulatory changes, though specific details are not in this excerpt.
When did Hut 8 Corp. file this 10-K report?
Hut 8 Corp. filed this 10-K report on March 3, 2025.
What is Hut 8 Corp.'s Standard Industrial Classification (SIC) code?
Hut 8 Corp.'s SIC code is 6199, which falls under Finance Services.
What period do the subsequent events cover in this filing?
The subsequent events covered in this filing are from January 1, 2025, to February 28, 2025.
From the Filing
0001558370-25-001996.txt : 20250303 0001558370-25-001996.hdr.sgml : 20250303 20250303063600 ACCESSION NUMBER: 0001558370-25-001996 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 168 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41864 FILM NUMBER: 25693681 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-K 1 hut-20241231x10k.htm 10-K Hut 8 Corp._December 31, 2024 0001964789 --12-31 2024 FY false http://fasb.org/us-gaap/2024#DerivativeGainLossOnDerivativeNet 0 0 99478012 88962964 http://fasb.org/us-gaap/2024#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember http://fasb.org/us-gaap/2024#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember P4Y P10Y 88962964 99478012 P10Y http://fasb.org/us-gaap/2024#PrimeRateMember P5Y P45D http://www.hut8mining.com/20241231#BasisspreadonvariablerateRateMember http://www.hut8mining.com/20241231#BasisspreadonvariablerateRateMember http://www.hut8mining.com/20241231#BasisspreadonvariablerateRateMember P1Y http://fasb.org/us-gaap/2024#DerivativeGainLossOnDerivativeNet 0001964789 us-gaap:MeasurementInputRiskFreeInterestRateMember 2023-11-30 0001964789 us-gaap:MeasurementInputPriceVolatilityMember 2023-11-30 0001964789 us-gaap:MeasurementInputExpectedTermMember 2023-11-30 0001964789 us-gaap:CapitalLossCarryforwardMember 2024-12-31 0001964789 hut:ForeignNonCapitalLossCarryforwardMember 2024-12-31 0001964789 us-gaap:SubsequentEventMember 2025-01-01 2025-02-28 0001964789 hut:UsBitcoinCorpMember us-gaap:SeriesAPreferredStockMember 2021-07-01 2021-07-31 0001964789 srt:RevisionOfPriorPeriodReclassificationAdjustmentMember us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001964789 srt:RevisionOfPriorPeriodReclassificationAdjustmentMember 2023-01-01 2023-12-31 0001964789 us-gaap:AdditionalPaidInCapitalMember hut:AtMarketOfferingMember 2024-01-01 2024-12-31 0001964789 us-gaap:SeriesBPreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2021-07-01 2022-06-30 0001964789 us-gaap:SeriesBPreferredStockMember 2021-07-01 2022-06-30 0001964789 hut:UsBitcoinCorpMember 2023-07-01 2023-12-31 0001964789 srt:RevisionOfPriorPeriodReclassificationAdjustmentMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001964789 hut:UsBitcoinCorpMember hut:AnchorageLoanMember 2023-02-01 2023-02-28 0001964789 hut:UsBitcoinCorpMember 2022-07-01 2023-06-30 0001964789 srt:ScenarioPreviouslyReportedMember us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-07-01 2022-06-30 0001964789 srt:ScenarioPreviouslyReportedMember hut:SeriesB1PreferredStockMember us-gaap:PreferredStockMember 2021-07-01 2022-06-30 0001964789 srt:RevisionOfPriorPeriodReclassificationAdjustmentMember hut:SeriesB1PreferredStockMember us-gaap:PreferredStockMember 2021-07-01 2022-06-30 0001964789 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-07-01 2022-06-30 0001964789 us-gaap:SeriesBPreferredStockMember us-gaap:CommonStockMember 2021-07-01 2022-06-30 0001964789 hut:Hut8MiningCorpMember 2023-11-30 2023-11-30 0001964789 hut:UsBitcoinCorpMember 2022-09-01 2022-09-30 0001964789 2022-09-01 2022-09-01 0001964789 us-gaap:RetainedEarningsMember 2024-12-31 0001964789 us-gaap:NoncontrollingInterestMember 2024-12-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001964789 us-gaap:AccumulatedTranslationAdjustmentMember 2024-12-31 0001964789 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001964789 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:Accoun