Hut 8 Corp. Q1 2025 10-Q Filed
Ticker: HUT · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
Hut 8 Q1 2025 10-Q is in. Equity details updated.
AI Summary
Hut 8 Corp. filed its 10-Q for the period ending March 31, 2025. The filing details financial information for the first quarter of 2025, including changes in equity accounts such as Additional Paid-In Capital, Retained Earnings, and Accumulated Other Comprehensive Income. The company's business address is located at 1101 Brickell Avenue, Suite 1500, Miami, FL 33131.
Why It Matters
This filing provides investors with an update on Hut 8 Corp.'s financial health and equity structure as of the end of the first quarter of 2025.
Risk Assessment
Risk Level: medium — As a cryptocurrency mining company, Hut 8 is subject to the inherent volatility and regulatory risks associated with the digital asset market.
Key Numbers
- 104,150,510 — Total Equity (approx.) (Represents a significant portion of the company's financial position as of March 31, 2025.)
- 99,478,012 — Total Equity (approx.) (Represents the company's financial position as of December 31, 2024.)
Key Players & Entities
- Hut 8 Corp. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- 1101 Brickell Avenue, Suite 1500, Miami, FL 33131 (address) — Company business and mailing address
- 0001964789 (company_id) — Central Index Key for Hut 8 Corp.
FAQ
What were the key changes in Hut 8 Corp.'s equity accounts during the first quarter of 2025?
The filing indicates changes in accounts such as Additional Paid-In Capital, Retained Earnings, and Accumulated Other Comprehensive Income between December 31, 2024, and March 31, 2025.
What is Hut 8 Corp.'s primary business classification according to the SEC?
Hut 8 Corp. is classified under 'FINANCE SERVICES' with the SIC code 6199.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on May 8, 2025.
What is the fiscal year end for Hut 8 Corp.?
Hut 8 Corp.'s fiscal year ends on December 31.
What is the SEC file number for Hut 8 Corp.?
The SEC file number for Hut 8 Corp. is 001-41864.
From the Filing
0001558370-25-006845.txt : 20250508 0001558370-25-006845.hdr.sgml : 20250508 20250508063531 ACCESSION NUMBER: 0001558370-25-006845 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 114 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hut 8 Corp. CENTRAL INDEX KEY: 0001964789 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets EIN: 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: 25923710 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-20250331x10q.htm 10-Q Hut 8 Corp._March 31, 2025 0001964789 --12-31 2025 Q1 false 104150510 99478012 http://fasb.org/us-gaap/2024#PrimeRateMember http://www.hut8mining.com/20250331#BasisSpreadOnVariableRateMember http://www.hut8mining.com/20250331#BasisSpreadOnVariableRateMember http://www.hut8mining.com/20250331#BasisSpreadOnVariableRateMember P0Y 0001964789 us-gaap:AdditionalPaidInCapitalMember hut:AtMarketOfferingMember 2025-01-01 2025-03-31 0001964789 us-gaap:CommonStockMember hut:AtMarketOfferingMember 2025-01-01 2025-03-31 0001964789 us-gaap:RetainedEarningsMember 2025-03-31 0001964789 us-gaap:NoncontrollingInterestMember 2025-03-31 0001964789 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001964789 us-gaap:AccumulatedTranslationAdjustmentMember 2025-03-31 0001964789 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 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 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:AccumulatedTranslationAdjustmentMember 2023-12-31 0001964789 hut:StockPriceIsAtleast11.5Member hut:CoatueNoteMember 2024-06-28 0001964789 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-12-31 0001964789 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001964789 us-gaap:EmployeeStockOptionMember 2024-12-31 0001964789 us-gaap:EmployeeStockOptionMember 2024-03-31 0001964789 us-gaap:EmployeeStockOptionMember 2023-12-31 0001964789 us-gaap:EmployeeStockOptionMember 2025-03-31 0001964789 hut:ServiceBasedEmployeeStockOptionsMember 2025-03-31 0001964789 us-gaap:EmployeeStockOptionMember 2025-03-01 2025-03-31 0001964789 hut:Plan2023Member 2025-03-31 0001964789 hut:Plan2018Member 2025-03-31 0001964789 srt:MinimumMember us-gaap:PerformanceSharesMember 2024-01-01 2024-12-31 0001964789 us-gaap:PerformanceSharesMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2025-04-01 2025-04-30 0001964789 us-gaap:PerformanceSharesMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2025-04-01 2025-04-30 0001964789 us-gaap:RestrictedStockUnitsRSUMember us-gaap:SubsequentEventMember 2025-04-01 2025-04-30 0001964789 hut:RestructedstockunitsandperformancestockunitsMember us-gaap:SubsequentEventMember 2025-04-01 2025-04-30 0001964789 us-gaap:PerformanceSharesMember 2024-03-01 2024-03-31 0001964789 us-gaap:PerformanceSharesMember 2025-03-31 0001964789 us-gaap:RestrictedStockUnitsRSUMember 2024-12-31 0001964789 us-gaap:PerformanceSharesMember 2024-12-31 0001964789 us-gaap:RestrictedStockUnitsRSUMember 2024-03-31 0001964789 us-gaap:Performa