Hut 8 Mining Corp
NASDAQ:HUT

Watchlist Manager
Hut 8 Mining Corp Logo
Hut 8 Mining Corp
NASDAQ:HUT
Watchlist
Price: 21.4999 USD 0.47%
Market Cap: 2B USD

Operating Margin
Hut 8 Mining Corp

-100%
Current
-26%
Average
3.3%
Industry

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
-100%
=
Operating Profit
-91.7m
/
Revenue
91.7m

Operating Margin Across Competitors

Country Company Market Cap Operating
Margin
CA
Hut 8 Mining Corp
TSX:HUT
2.7B CAD
-100%
DE
SAP SE
XETRA:SAP
286.8B EUR
26%
US
Palantir Technologies Inc
NYSE:PLTR
350.3B USD
13%
US
Salesforce Inc
NYSE:CRM
255.6B USD
21%
US
Intuit Inc
NASDAQ:INTU
214B USD
26%
US
NCR Corp
LSE:0K45
191.1B USD
1%
US
Adobe Inc
NASDAQ:ADBE
158.9B USD
36%
US
Applovin Corp
NASDAQ:APP
120.4B USD
46%
US
Microstrategy Inc
NASDAQ:MSTR
110.3B USD
-14%
US
Synopsys Inc
NASDAQ:SNPS
95.3B USD
21%
US
Cadence Design Systems Inc
NASDAQ:CDNS
87.9B USD
31%

Hut 8 Mining Corp
Glance View

Market Cap
2B USD
Industry
Technology

Hut 8 Mining Corp., founded in 2017, stands as a formidable entity in the fast-paced world of cryptocurrency mining. Based in Canada, the company emerged from the confluence of technological innovation and the burgeoning demand for digital currencies. Armed with a robust infrastructure comprising powerful data centers, Hut 8 engages in the computationally intensive process of crypto mining, focusing primarily on Bitcoin. By utilizing vast amounts of energy to solve complex mathematical problems, they validate and add transactions to the cryptocurrency's blockchain. This process is not just technological wizardry but also an art of managing overhead costs and resource efficiency, a discipline in which Hut 8 has proved proficient. The financial engineering behind Hut 8's operations is as critical as the technology itself. The company deftly navigates the volatile crypto markets, earning revenue from the Bitcoin awarded to miners and transaction fee incentives. This digital treasure trove is strategically managed and periodically liquidated to fund operations, expansion, and debt obligations. Additionally, Hut 8 diversifies its income through rigorously structured energy purchasing strategies, capitalizing on Canada's cold climate to reduce cooling costs, thus enhancing profit margins. The multidimensional approach to both mining and financial management has allowed Hut 8 to establish a substantial foothold in the industry, standing resilient amid the swings of cryptocurrency valuations.

HUT Intrinsic Value
Not Available
What is Operating Margin?

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
-100%
=
Operating Profit
-91.7m
/
Revenue
91.7m
What is the Operating Margin of Hut 8 Mining Corp?

Based on Hut 8 Mining Corp's most recent financial statements, the company has Operating Margin of -100%.

Back to Top