Hut 8 reports revenue $60.6M, net income $6.2M for six months ended Dec 31, 2023

Hut 8 Corp.

Revenue $60.6M (+32% YoY); Digital Assets Mining $41.5M, Managed Services $12.6M.
Net income $6.2M vs net loss $81.3M; includes $32.6M fair value gain on Bitcoin.
Adjusted EBITDA $62.3M, up 386% from $12.8M in prior period.
Self-mined Bitcoin 9,195 at Dec 31, 2023 (market value $388M); cost to mine $16,353/coin.
Operating portfolio 839 MW across 11 sites; self-mining hashrate 6.3 EH/s.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hut 8 Corp. reported six months ended December 31, 2023 results: revenue 60.6 million, net income 6.2 million.

Period: six months ended December 31, 2023
Revenue: 60.6 million
Net income: 6.2 million
Result: reported results

Exact text from the filing

Revenue of $60.6 million including $12.6 million from Managed Services Net Income of $6.2 million and Adjusted EBITDA of $62.3 million

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Source: SEC EDGAR

accession 0001558370-24-004154

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