Hut 8 Mining Corp
TSX:HUT
Hut 8 Mining Corp
Free Cash Flow
Hut 8 Mining Corp
Free Cash Flow Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Free Cash Flow | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Hut 8 Mining Corp
TSX:HUT
|
Free Cash Flow
-CA$34m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
0%
|
CAGR 10-Years
-83%
|
|
|
Open Text Corp
TSX:OTEX
|
Free Cash Flow
$708.7m
|
CAGR 3-Years
-9%
|
CAGR 5-Years
-3%
|
CAGR 10-Years
5%
|
|
|
Descartes Systems Group Inc
TSX:DSG
|
Free Cash Flow
$212.5m
|
CAGR 3-Years
7%
|
CAGR 5-Years
16%
|
CAGR 10-Years
16%
|
|
|
Topicus.com Inc
XTSX:TOI
|
Free Cash Flow
€339.3m
|
CAGR 3-Years
26%
|
CAGR 5-Years
23%
|
CAGR 10-Years
N/A
|
|
|
Constellation Software Inc
TSX:CSU
|
Free Cash Flow
$2.2B
|
CAGR 3-Years
20%
|
CAGR 5-Years
22%
|
CAGR 10-Years
21%
|
|
|
Lumine Group Inc
XTSX:LMN
|
Free Cash Flow
$113.1m
|
CAGR 3-Years
10%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
Hut 8 Mining Corp
Glance View
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.
See Also
What is Hut 8 Mining Corp's Free Cash Flow?
Free Cash Flow
-34m
CAD
Based on the financial report for Jun 30, 2023, Hut 8 Mining Corp's Free Cash Flow amounts to -34m CAD.
What is Hut 8 Mining Corp's Free Cash Flow growth rate?
Free Cash Flow CAGR 10Y
-83%
Over the last year, the Free Cash Flow growth was 88%.
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