Hut 8 Q1 2023 Earnings Report

Hut 8 EPS Results

• Actual EPS: -C$0.12
• Consensus EPS: -C$0.14
• Beat/Miss: Beat by +C$0.02
• One Year Ago EPS: N/A

Hut 8 Revenue Results

• Actual Revenue: $19.02 million
• Expected Revenue: $19.80 million
• Beat/Miss: Missed by -$780.00 thousand
• YoY Revenue Growth: N/A

Hut 8 Announcement Details

• Quarter: Q1 2023
• Date: 5/11/2023
• Time: N/A

Hut 8 (TSE:HUT) operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.