Hut 8 Mining Corp
TSX:HUT
Gross Margin
Hut 8 Mining Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Hut 8 Mining Corp
TSX:HUT
|
2.2B CAD |
-53%
|
|
| US |
|
Ezenia! Inc
OTC:EZEN
|
567B USD |
62%
|
|
| DE |
|
SAP SE
XETRA:SAP
|
293B EUR |
74%
|
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
322B USD |
80%
|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
250.1B USD |
77%
|
|
| US |
|
Intuit Inc
NASDAQ:INTU
|
212.4B USD |
79%
|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
160.6B USD |
89%
|
|
| US |
N
|
NCR Corp
LSE:0K45
|
150.8B USD |
21%
|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
109.9B USD |
78%
|
|
| US |
|
Microstrategy Inc
NASDAQ:MSTR
|
98.4B USD |
71%
|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
80.7B USD |
86%
|
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
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Hut 8 Mining Corp's most recent financial statements, the company has Gross Margin of -52.8%.
You don't have any saved screeners yet