Hut 8 Valuation Multiples

Hut 8 Overview

About Hut 8

Hut 8 Corp is an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.

Founded

2020

HQ

Employees

248

Website

hut8.com

Sectors

Crypto MiningFinTech

Financials (LTM)

Revenue: $265M

EBITDA: ($61M)

EV

$6B

Valuation Multiples

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Hut 8 Financials

Hut 8 reported last 12-month revenue of $265M and negative EBITDA of ($61M).

In the same LTM period, Hut 8 generated $143M in gross profit, ($61M) in EBITDA losses, and had net loss of ($200M).

Hut 8 P&L

In the most recent fiscal year, Hut 8 reported revenue of $235M and EBITDA of ($134M).

Hut 8 expects next 12-month revenue of XXX and NTM EBITDA of XXX

Hut 8 Stock Performance

Hut 8 has current market cap of $5B, and enterprise value of $6B.

Hut 8's stock price is $49.58.

Hut 8 Valuation Multiples

Hut 8 trades at 22.2x EV/Revenue multiple, and (97.1x) EV/EBITDA.

Hut 8 Financial Valuation Multiples

As of April 8, 2026, Hut 8 has market cap of $5B and EV of $6B.

Equity research analysts estimate Hut 8's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Hut 8 has a P/E ratio of (27.4x).

Hut 8 Margins & Growth Rates

Hut 8's revenue in the last 12 month grew by 49%.

Hut 8's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.9M for the same period.

Hut 8's rule of 40 is 2247% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hut 8's rule of X is 5557% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Hut 8 Public Comps

See public comps and valuation multiples for other Crypto Mining comps.

Hut 8 M&A Activity

Hut 8 acquired XXX companies to date.

Last acquisition by Hut 8 was on XXXXXXXX, XXXXX. Hut 8 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Hut 8 Investment Activity

Hut 8 invested in XXX companies to date.

Hut 8 made its latest investment on XXXXXXXX, XXXXX. Hut 8 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).