Hut 8 Mining Corp. (HUT) Balance Sheet
HUT balance sheet, 2025
December 31, 2025 · U.S. dollars$2.75B assets = $1.06B liabilities + $1.69B equity
Both columns are drawn to the same scale: what HUT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HUT financial health
Descriptive bands, not a rating. Fiscal 2025.
HUT balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.52B2024 | $2.75B2025 | +81.3%/yr | |
| Total liabilities | $538.3M2024 | $1.06B2025 | +97.7%/yr | |
| Shareholders’ equity | $976.7M2024 | $1.42B2025 | +45.6%/yr | |
| Cash & short-term investments | $85.0M2024 | $44.9M2025 | −47.2%/yr | |
| Total debt | $345.6M2024 | $429.3M2025 | +24.2%/yr | |
| Net cash (debt) | −$260.6M2024 | −$384.4M2025 | −$123.8M | |
| Working capital | $102.9M2024 | $32.6M2025 | −$70.3M | |
| Book value per share | $9.672024 | $13.502025 | +39.7%/yr | |
| Current ratio | 1.672024 | 1.092025 | −0.58 | |
| Debt / equity | 0.352024 | 0.302025 | −0.05 | |
| Shares outstanding | 101.0M2024 | 105.3M2025 | +4.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HUT assets
HUT liabilities and equity
HUT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HUT balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $44.9M | $85.0M |
| Cash & equivalents | $44.9M | $85.0M |
| Short-term investments | — | $132.9M |
| Receivables | $31.1M | $8.1M |
| Inventory | $0 | $0 |
| Other current assets | $332.1M | $163.7M |
| Total current assets | $408.2M | $256.8M |
| Property, plant & equipment (net) | $661.7M | $242.3M |
| Goodwill & intangible assets | $221.2M | $66.4M |
| Long-term investments | $51.5M | $88.4M |
| Other non-current assets | $1.41B | $865.0M |
| Total assets | $2.75B | $1.52B |
| Liabilities | ||
| Accounts payable | $15.8M | $11.3M |
| Short-term debt | $202.8M | $72.4M |
| Deferred revenue | $1.5M | $6.2M |
| Total current liabilities | $375.6M | $154.0M |
| Long-term debt | $210.2M | $235.6M |
| Lease obligations | $19.2M | $45.1M |
| Other long-term liabilities | $478.4M | $148.7M |
| Total liabilities | $1.06B | $538.3M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $1.1M | $995,000 |
| Retained earnings (deficit) | $5.5M | $231.6M |
| Accumulated other comprehensive income | −$10.4M | −$45.6M |
| Minority interest | $267.5M | $3.9M |
| Total shareholders' equity | $1.42B | $976.7M |
| Key figures | ||
| Total debt | $429.3M | $345.6M |
| Net cash (debt) | −$384.4M | −$260.6M |
| Working capital | $32.6M | $102.9M |
| Tangible book value | $1.20B | $910.3M |
| Book value per share | $13.50 | $9.67 |
| Shares outstanding | 105.3M | 101.0M |
| Current ratio | 1.09 | 1.67 |
| Quick ratio | 0.20 | 0.60 |
| Debt / equity | 0.30 | 0.35 |
| Equity / assets | 51.6% | 64.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $7.02B | $160.0M | $44.9M | $33.5M | $216.3M | $108.4M | $85.0M |
| Cash & equivalents | $7.02B | $160.0M | $44.9M | $33.5M | $216.3M | $108.4M | $85.0M |
| Short-term investments | — | — | — | — | — | $115.0M | $132.9M |
| Receivables | $11.9M | $7.2M | $31.1M | $28.8M | $10.9M | $5.3M | $8.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $52.6M | $49.4M | $332.1M | $161.1M | $184.1M | $155.5M | $163.7M |
| Total current assets | $7.09B | $216.6M | $408.2M | $223.4M | $411.3M | $269.1M | $256.8M |
| Property, plant & equipment (net) | $1.40B | $829.9M | $661.7M | $665.7M | $401.8M | $373.4M | $242.3M |
| Goodwill & intangible assets | $217.2M | $219.3M | $221.2M | $218.6M | $68.6M | $66.5M | $66.4M |
| Long-term investments | $45.9M | $50.0M | $51.5M | $56.6M | $90.8M | $89.8M | $88.4M |
| Other non-current assets | $1.23B | $1.29B | $1.41B | $1.52B | $1.05B | $773.1M | $865.0M |
| Total assets | $9.98B | $2.61B | $2.75B | $2.69B | $2.02B | $1.57B | $1.52B |
| Liabilities | |||||||
| Accounts payable | $69.7M | $43.9M | $15.8M | $86.3M | — | — | $11.3M |
| Short-term debt | $239.3M | $202.8M | $202.8M | $140.7M | $74.8M | $74.6M | $72.4M |
| Deferred revenue | $3.0M | $2.0M | $1.5M | $2.0M | $6.1M | $4.6M | $6.2M |
| Total current liabilities | $366.2M | $252.4M | $375.6M | $310.0M | $227.4M | $213.2M | $154.0M |
| Long-term debt | $7.40B | $204.8M | $210.2M | $217.4M | $251.2M | $244.4M | $235.6M |
| Lease obligations | $30.4M | $18.2M | $19.2M | $43.2M | $45.9M | $45.5M | $45.1M |
| Other long-term liabilities | $451.1M | $462.4M | $478.4M | $507.2M | $154.5M | $126.6M | $148.7M |
| Total liabilities | $8.22B | $919.6M | $1.06B | $1.03B | $633.0M | $584.2M | $538.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $1.2M | $1.1M | $1.1M | $1.1M | $1.0M | $1.0M | $995,000 |
| Retained earnings (deficit) | −$364.6M | −$214.4M | $5.5M | $285.2M | $235.1M | $97.7M | $231.6M |
| Accumulated other comprehensive income | −$32.4M | −$19.7M | −$10.4M | −$21.0M | −$4.5M | −$44.4M | −$45.6M |
| Minority interest | $311.4M | $310.3M | $267.5M | $211.6M | $121.6M | — | — |
| Total shareholders' equity | $1.44B | $1.38B | $1.42B | $1.44B | $1.27B | $960.0M | $976.7M |
| Key figures | |||||||
| Total debt | $7.67B | $422.9M | $429.3M | $390.6M | $362.0M | $354.9M | $345.6M |
| Net cash (debt) | −$648.1M | −$262.9M | −$384.4M | −$357.2M | −$145.7M | −$246.5M | −$260.6M |
| Working capital | $6.72B | −$35.9M | $32.6M | −$86.6M | $183.9M | $55.9M | $102.9M |
| Tangible book value | $1.23B | $1.16B | $1.20B | $1.22B | $1.20B | $893.5M | $910.3M |
| Book value per share | $12.18 | $12.42 | $13.50 | $11.84 | $10.64 | $9.33 | $9.67 |
| Shares outstanding | 118.5M | 111.1M | 105.3M | 121.8M | 119.0M | 102.9M | 101.0M |
| Current ratio | 19.35 | 0.86 | 1.09 | 0.72 | 1.81 | 1.26 | 1.67 |
| Quick ratio | 19.20 | 0.66 | 0.20 | 0.20 | 1.00 | 0.53 | 0.60 |
| Debt / equity | 5.32 | 0.31 | 0.30 | 0.27 | 0.29 | 0.37 | 0.35 |
| Equity / assets | 14.5% | 52.9% | 51.6% | 53.6% | 62.7% | 61.1% | 64.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
HUT financial position
At the end of fiscal 2025 (December 31, 2025), Hut 8 Mining had total assets of $2.8 billion (up 81.3% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.4 billion. It held $44.9 million in cash and short-term investments against $429.3 million of debt, net debt of $384.4 million. Its current ratio was 1.09. In the latest quarter (ended June 30, 2026) total assets were $10.0 billion and equity $1.4 billion.
Related: HUT income statement, HUT cash flow statement, HUT key metrics. See the HUT stock overview for the latest quote and news.
HUT balance sheet FAQ
What are Hut 8 Mining's total assets?
Hut 8 Mining reported total assets of $2.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Hut 8 Mining have?
Hut 8 Mining had $429.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.30.
How much cash does Hut 8 Mining have?
Hut 8 Mining held $44.9 million in cash and short-term investments at the end of fiscal 2025; with $429.3 million of debt that is net debt of $384.4 million.
What is Hut 8 Mining's book value?
Hut 8 Mining's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $13.50 per share.
What is Hut 8 Mining's current ratio?
Hut 8 Mining had current assets of $408.2 million and current liabilities of $375.6 million, a current ratio of 1.09 (it can cover its short-term obligations).
How much goodwill does Hut 8 Mining have?
Hut 8 Mining carried $221.2 million of goodwill and intangible assets, 8.0% of total assets, at the end of fiscal 2025.