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 11 quarters(27%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 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
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

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