HUTHut 8

Crypto · Financial Services · Nasdaq

Hut 8 is an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. 10-K, Item 1

Headquarters: Miami, FL
Next results: around Feb 24, 2027

Compare with peers → Embed

Dilution: new shares, stock pay and buybacks

prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGAR

Shares offered

Since Nov 11, 2023: 2 at-the-market programs, 1 shelf registration; also 1 update to an earlier prospectus.

Aug 22, 2025 At-the-market program: up to $1.0B of common stock 424B5
Dec 4, 2024 At-the-market program: up to $500M of common stock 424B5
Dec 4, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR

“In accordance with the terms of the sales agreement, under this prospectus supplement we may offer and sell shares of our common stock having an aggregate offering price of up to $1,000,000,000 from time to time through the sales agents, acting as our agents, or directly to the sales agents, acting as principals.”
424B5, Aug 22, 2025 ↗

Every offering filing →

Paid in stock

$57.8M

stock-based pay, year to Dec 31, 2025; shares sold for $329K in cash

Bought back

no buyback line in the 10-K XBRL, year to Dec 31, 2025

Diluted shares: 105.33M in the year to Dec 31, 2025 2025 +4.2%2024 +2.9%2023 +44.9%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How

No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.

Buybacks, year to Dec 31, 2025

cash paid for its own shares

Paid in stock to employees

$57.8M

stock-based compensation

Share count, 1 year

+4.2%

more shares: owners are diluted

Share count, 3 years

+55.4%

diluted average shares

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
2025-12-31	-	-	$57.8M	$329K	105.33M
2024-12-31	-	-	$20.8M	$576K	101.05M
2023-12-31	-	-	$13.6M	$16K	49.12M
2022-06-30	-	-	$9.2M	$0	33.90M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Work on HUT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/HUT/export.csv") into a cell.