Earnings Summary

Hut 8 Mining Corp’s revenue fell -56.25% since last year same period to $19.18Mn in the Q2 2023. On a quarterly growth basis, Hut 8 Mining Corp has generated 0.85% jump in its revenue since last 3-months.

Hut 8 Mining Corp’s net profit jumped 81.02% since last year same period to $-16.71Mn in the Q2 2023. On a quarterly growth basis, Hut 8 Mining Corp has generated -115.4% fall in its net profits since last 3-months.

Hut 8 Mining Corp’s net profit margin jumped 56.62% since last year same period to -87.12% in the Q2 2023. On a quarterly growth basis, Hut 8 Mining Corp has generated -115.27% fall in its net profit margins since last 3-months.

Hut 8 Mining Corp’s earning per share (EPS) estimates for the current year stand at -0.1.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Hut 8 Mining Corp’s return on assets (ROA) stands at 0.17.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Hut 8 Mining Corp’s return on equity (ROE) stands at -0.24.