NASDAQ$HUT

Hut 8 Mining Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

HUT Q2 2024 — $35.2M revenue

USBTC, the accounting acquirer, and related management’s discussion and analysis for the three and six months ended June 30, 2023, which describes the business, financial condition, results of operati. Hut 8 Mining Corp reported Q2 2024 results. Net income of $31.1M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $35.2M.
  • Net income: $31.1M.
  • Filed on Form 10-Q (accession 0001558370-24-011968).

Headline financials

Total Revenue

$35.2M

Previous: $14.3M+146.6%
EPS

-$0.78

Previous: -$0.30-160.0%
Capital Expenditures

-$18M

No prior period
Free Cash Flow

-$89.9M

No prior period
Net Income

-$71.9M

Previous: -$431M+83.3%
Operating Income

-$86.7M

Previous: -$28.3M-206.3%
Gross Profit

$14.6M

Previous: -$23.6M+161.7%
Cash & Equivalents

$175M

Previous: $6.71M+2516.3%
Total Assets

$1.09B

Previous: $274M+296.4%
Stock-Based Comp

$10.6M

Previous: $426K+2380.0%

Revenue & EPS history

Hut 8 · Revenue · Quarterly

$35.2M

Q2 2024+146.6%vs Q2 2023
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Revenue by segment

Hut 8 · $41.3M total across 3 segments · Q2 2025

  • Compute
    $34.3M—
  • Power
    $5.49M—
  • Digital Infrastructure
    $1.51M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+2.3%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+7.1%

Avg return

30 days after

41%

13 / 32 earnings

Positive

+35.3%

Q1 2026

Best reaction

-14.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+35.3%+26.9%+39.3%
Q4 2025-6.6%-10.9%-19.9%
Q3 2025-12.5%-18.9%-22.2%
Q1 2025+11.9%+30.3%+46.7%
Q4 2024-4.5%-8.4%-9.2%
Q3 2024-3.0%+4.9%+14.5%
Q2 2024-3.7%+1.3%-4.4%
Q1 2024+14.5%+27.7%+44.8%
Q4 2023+9.7%-4.9%-10.6%
Q3 2023-1.5%-6.4%-5.3%
Q2 2023-11.2%-19.2%-29.3%
Q1 2023-4.9%+1.1%+4.4%
Q4 2022-14.9%+13.5%+13.5%
Q3 2022-7.5%-17.3%-42.2%
Q2 2022+29.9%+22.9%-13.3%
Q1 2022+12.3%+8.6%-23.0%
Q4 2021+10.7%+12.7%-15.2%
Q3 2021+8.4%-1.3%-37.7%
Q2 2021-7.1%-16.3%+38.4%
Q1 2021+9.1%+12.3%-24.5%
Q4 2020+4.8%+6.5%+30.6%
Q3 2020-1.6%+1.4%+31.9%
Q2 2020+19.8%+8.7%+26.0%
Q1 2020-11.2%+9.7%+25.4%
Q4 2019+1.3%+3.0%+42.9%
Q3 2019-1.2%-3.1%-13.5%
Q2 2019-4.3%-8.9%-19.9%
Q1 2019-4.3%+23.7%+80.2%
Q4 2018+4.6%+29.4%+34.7%
Q3 2018+0.0%+14.8%-0.5%
Q2 2018+0.0%+6.3%+15.0%
Q1 2018+0.0%+0.0%+31.0%
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro