Hut 8 Mining Corp.

Hut 8 Mining Corp.verified

HUT

Price:

$22.18

Market Cap:

$2.08B

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.[Read more]

Industry

Financial - Capital Markets

IPO Date

2018-03-08

Stock Exchange

NASDAQ

Ticker

HUT

The Current Ratio as of December 2024 (TTM) for Hut 8 Mining Corp. (HUT) is 1.68

According to Hut 8 Mining Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.68. This represents a change of 68.52% compared to the average of 0.99 of the last 4 quarters.

Hut 8 Mining Corp. (HUT) Historical Current Ratio (quarterly & annually)

How has HUT Current Ratio performed in the past?

The mean historical Current Ratio of Hut 8 Mining Corp. over the last ten years is 4.11. The current 1.68 Current Ratio has changed 3.97% with respect to the historical average. Over the past ten years (40 quarters), HUT's Current Ratio was at its highest in in the March 2021 quarter at 33.08. The Current Ratio was at its lowest in in the December 2023 quarter at 0.

Quarterly (TTM)
Annual

Average

4.11

Median

2.32

Minimum

0.17

Maximum

17.96

Hut 8 Mining Corp. (HUT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Hut 8 Mining Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 915.74%

Maximum Annual Current Ratio = 17.96

Minimum Annual Increase = -93.55%

Minimum Annual Current Ratio = 0.17

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.55-93.28%
20238.15-54.61%
202217.96405.54%
20213.55111.01%
20191.68915.74%
20180.17-93.55%
20172.5797.24%
20171.30-37.17%
20162.07-33.62%
20153.126.38%

Hut 8 Mining Corp. (HUT) Average Current Ratio

How has HUT Current Ratio performed in the past?

The current Current Ratio of Hut 8 Mining Corp. (HUT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.89

5-year avg

6.38

10-year avg

4.11

Hut 8 Mining Corp. (HUT) Current Ratio vs. Peers

How is HUT’s Current Ratio compared to its peers?

Hut 8 Mining Corp.’s Current Ratio is less than HIVE Blockchain Technologies Ltd. (5.56), less than CleanSpark, Inc. (3.75), less than Bit Digital, Inc. (5.27), greater than TeraWulf Inc. (1.00), less than Bitfarms Ltd. (3.70), less than Riot Blockchain, Inc. (5.68), less than Marathon Digital Holdings, Inc. (4.00),

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