Hut 8 Q3 revenue $43.7M, net income $0.9M; Bitcoin mined 234, cost to mine $31,482

Hut 8 Corp.

2024-Q3 EPS reported $1.95 vs consensus -$0.28 ▲ beat (+795.7%)

Revenue $43.7M (up from $21.7M Q3 2023); net income $0.9M vs prior loss $4.4M; Adjusted EBITDA $5.6M.
Mined 234 Bitcoin at cost to mine $31,482; energy cost $28.83/MWh, down 33% from $42.73 YoY.
Bitcoin reserve 9,106 ($576.5M market value); cash $72.9M as of Sept 30, 2024.
Partnership with BITMAIN for ~15 EH/s colocation at Vega site (expected Q2 2025); GPU-as-a-Service launched with 1,000 Nvidia H100 GPUs.
Converted $37.9M Anchorage loan to equity at $16.395/share (51% premium to 20-day VWAP).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.