# Hut 8 Mining Corp. (HUT.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Capital Markets. Price C$129.43, market value C$16.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Hut 8 Mining Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 36.3×**. Each dollar of revenue is priced at 36.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 8.0×**. The shares trade at 8.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -7.1%** (5-yr avg -10.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 37.7%**. Hut 8 Mining Corp. keeps 37.7% of revenue after the direct cost of what it sells.
- **Operating margin: -31.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -96.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -16.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -4.3%**. Return on all capital, debt included, is -4.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -19.9%**. Each dollar of assets produces -19.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -64.4%** (3-yr 15.1%/yr, 5-yr 42.5%/yr). Revenue fell 64.4% over the last year, against 42.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -164.3%**. Earnings per share fell 164.3%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: C$62 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Hut 8 Mining Corp. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 265.5%** (YTD 105.1%, 3-mo -17.2%). The shares are up 265.5% over twelve months including dividends.
- **From 52-week high: -33.4%** (258.7% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 3.75** (volatility 108%). Beta of 3.75 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HUT.TO · Page: https://foliofundamentals.com/stocks/hut.to

Not investment advice.