Hut 8 Mining Q4 Sales $31.694M Miss $38.735M Estimate

Benzinga
03-03

Hut 8 Mining Q4 Sales $31.694M Miss $38.735M Estimate

  • Hut 8 Mining press release (NASDAQ:HUT): Q4 Adjusted EBITDA for the three months ended December 31, 2024 was $310.6 million compared to $48.6 million for the prior year period.

  • Revenue of $31.7M (-18.5% Y/Y).

  • Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of $31.63, a 30% decrease from the fourth quarter of 2023.

  • Total energy capacity under management of 1,020 megawatts (“MW”) as of December 31, 2024.

  • 12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.

  • Strategic Bitcoin reserve of 10,171 Bitcoin with a market value of $949.5 million as of December 31, 2024.

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