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Hut 8 Corp is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. 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.
2020
222
LTM Revenue $190M
LTM EBITDA $292M
$2.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Hut 8 has a last 12-month revenue (LTM) of $190M and a last 12-month EBITDA of $292M.
In the most recent fiscal year, Hut 8 achieved revenue of $672M and an EBITDA of $531M.
Hut 8 expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hut 8 valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $190M | XXX | $672M | XXX | XXX | XXX |
| Gross Profit | $91.9M | XXX | $585M | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 87% | XXX | XXX | XXX |
| EBITDA | $292M | XXX | $531M | XXX | XXX | XXX |
| EBITDA Margin | 154% | XXX | 79% | XXX | XXX | XXX |
| EBIT | $172M | XXX | $464M | XXX | XXX | XXX |
| EBIT Margin | 90% | XXX | 69% | XXX | XXX | XXX |
| Net Profit | $104M | XXX | $332M | XXX | XXX | XXX |
| Net Margin | 55% | XXX | 49% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $216M | XXX | XXX | XXX |
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As of August 18, 2025, Hut 8's stock price is $23.
Hut 8 has current market cap of $2.5B, and EV of $2.6B.
See Hut 8 trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.6B | $2.5B | XXX | XXX | XXX | XXX | $1.02 |
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Start Free TrialAs of August 18, 2025, Hut 8 has market cap of $2.5B and EV of $2.6B.
Hut 8's trades at 3.9x EV/Revenue multiple, and 4.9x EV/EBITDA.
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 23.7x.
See valuation multiples for Hut 8 and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV (current) | $2.6B | XXX | $2.6B | XXX | XXX | XXX |
| EV/Revenue | 13.7x | XXX | 3.9x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBIT | 15.2x | XXX | 5.6x | XXX | XXX | XXX |
| EV/Gross Profit | 28.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 23.7x | XXX | 7.4x | XXX | XXX | XXX |
| EV/FCF | -3.4x | XXX | -7.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHut 8's last 12 month revenue growth is 63%
Hut 8's revenue per employee in the last FY averaged $3.0M, while opex per employee averaged $0.5M for the same period.
Hut 8's rule of 40 is 93% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hut 8's rule of X is 311% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Hut 8 and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 63% | XXX | -26% | XXX | XXX | XXX |
| EBITDA Margin | 154% | XXX | 79% | XXX | XXX | XXX |
| EBITDA Growth | -48% | XXX | 121% | XXX | XXX | XXX |
| Rule of 40 | 93% | XXX | 142% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 311% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $3.0M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 18% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Exodus Movement | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Hut 8 acquired XXX companies to date.
Last acquisition by Hut 8 was XXXXXXXX, XXXXX XXXXX XXXXXX . Hut 8 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Hut 8 founded? | Hut 8 was founded in 2020. |
| Where is Hut 8 headquartered? | Hut 8 is headquartered in United States of America. |
| How many employees does Hut 8 have? | As of today, Hut 8 has 222 employees. |
| Who is the CEO of Hut 8? | Hut 8's CEO is Mr. Asher Genoot. |
| Is Hut 8 publicy listed? | Yes, Hut 8 is a public company listed on NAS. |
| What is the stock symbol of Hut 8? | Hut 8 trades under HUT ticker. |
| When did Hut 8 go public? | Hut 8 went public in 2023. |
| Who are competitors of Hut 8? | Similar companies to Hut 8 include e.g. Phoenix Group, Exodus Movement, Jasmine Technology Solution, Advanced Blockchain. |
| What is the current market cap of Hut 8? | Hut 8's current market cap is $2.5B |
| What is the current revenue of Hut 8? | Hut 8's last 12 months revenue is $190M. |
| What is the current revenue growth of Hut 8? | Hut 8 revenue growth (NTM/LTM) is 63%. |
| What is the current EV/Revenue multiple of Hut 8? | Current revenue multiple of Hut 8 is 13.7x. |
| Is Hut 8 profitable? | Yes, Hut 8 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hut 8? | Hut 8's last 12 months EBITDA is $292M. |
| What is Hut 8's EBITDA margin? | Hut 8's last 12 months EBITDA margin is 154%. |
| What is the current EV/EBITDA multiple of Hut 8? | Current EBITDA multiple of Hut 8 is 8.9x. |
| What is the current FCF of Hut 8? | Hut 8's last 12 months FCF is -$765M. |
| What is Hut 8's FCF margin? | Hut 8's last 12 months FCF margin is -402%. |
| What is the current EV/FCF multiple of Hut 8? | Current FCF multiple of Hut 8 is -3.4x. |
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