Hut 8 Corp. balance sheet
At the end of fiscal 2025, Hut 8 Corp. had total assets of $2.75bn, total liabilities of $1.06bn and shareholders' equity of $1.42bn. It held $44.9m in cash against $409m of debt: net debt of $364m.
Balance sheet
| Fiscal year | 2022Jun 2022 | 2023Jun 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | — | — | 85 | 45 | 234 |
| Receivables | 1 | 1 | 7 | 31 | 12 |
| Total current assets | 37 | 19 | 257 | 408 | 7,085 |
| Goodwill | — | — | 53 | 210 | 208 |
| Total assets | 245 | 190 | 1,519 | 2,754 | 9,975 |
| Accounts payable | 6 | 4 | 11 | 16 | — |
| Deferred revenue (current) | 15 | 1 | 6 | 1 | 3 |
| Total current liabilities | 100 | 10 | 154 | 376 | 366 |
| Short-term debt | 77 | 1 | 65 | — | — |
| Long-term debt | 51 | 150 | 236 | — | — |
| Total debt | 128 | 152 | 302 | 409 | 7,735 |
| Total liabilities | 157 | 163 | 538 | 1,064 | 8,221 |
| Shareholders' equity | 88 | 27 | 977 | 1,422 | 1,443 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | 268 | 311 |
| Net debt (negative = net cash) | — | — | 217 | 364 | 7,502 |
| Shares outstanding | 41m | 43m | 99m | 110m | 123m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 6 | 7 | 4 | 9 | 7 | 31 | 7 | 12 |
| Total current assets | 110 | 257 | 269 | 411 | 223 | 408 | 217 | 7,085 |
| Goodwill | 56 | 53 | 53 | 56 | 207 | 210 | 209 | 208 |
| Total assets | 1,099 | 1,519 | 1,572 | 2,021 | 2,688 | 2,754 | 2,610 | 9,975 |
| Accounts payable | — | 11 | — | — | — | 16 | — | — |
| Deferred revenue (current) | 6 | 6 | 5 | 6 | 2 | 1 | 2 | 3 |
| Total current liabilities | 110 | 154 | 213 | 227 | 310 | 376 | 252 | 366 |
| Short-term debt | 65 | 65 | — | — | — | — | — | — |
| Long-term debt | 232 | 236 | — | — | — | — | — | — |
| Total debt | 297 | 301 | — | — | — | — | — | — |
| Total liabilities | 387 | 538 | 584 | 633 | 1,035 | 1,064 | 920 | 8,221 |
| Shareholders' equity | 704 | 977 | 960 | 1,267 | 1,442 | 1,422 | 1,380 | 1,443 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | 122 | 212 | 268 | 310 | 311 |
| Shares outstanding | 94m | 99m | 104m | 104m | 106m | 110m | 113m | 123m |
Compare with peers
- Fiverr International Ltd. balance sheet
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