All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2023; the latest 2025-03-31.
From the record
Hut 8 Corp.'s filings since 2023 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-12-01); an auditor change (8-K item 4.01, 2 times, the latest 2025-03-31) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+39.2% a year over 5 filed years; profitable in 2 of 5.
From the record
Hut 8 Corp.'s 5 filed years say what it did: revenue went from $74 million in fiscal 2022 to $235 million in fiscal 2025, up 39.2% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 2 of 5 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 45.1% a year. 0% of cash flow returned. Insiders: 16 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Hut 8 Corp.'s diluted share count grew about 45.1% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 16 sales (3 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE -16%: lost 16¢ per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Hut 8 Corp. lost about 16 cents for every dollar of shareholders' money, and gross profitability: its products earned about 5 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count grew 4.2% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 39% of 114 in its family; net margin -96.2%.
From the record
Hut 8 Corp.'s standing among 114 graded names in its industry family: revenue of $235 million in fiscal 2025 ranks in the top 37% by size; a net margin of -96.2% ranks in the bottom 43%; revenue growth of 52.2% a year over the last 3 filed years ranks in the top 21% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 42% of 50 in its family for leadership; chief executive since 2024.
From the record
Hut 8 Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Genoot, Asher (Chief Executive Officer, as filed), filing under that title since 2024-03-28, 2.6 years (top 44% of its family); most of the 10 officers and directors filing now have filed since the record of its people begins (2023-11-09), a floor of 2.9 years the record cannot see past, so that part is not read; 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 40%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 45% of 108 in its family for room to expand.
From the record
Hut 8 Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $49 million against no long-term debt tagged leaves 1.8% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is -59.2% of revenue (bottom 44%); a gross margin of 54.2% (top 42%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 20% of 100 in its family for growth drivers.
From the record
Hut 8 Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 52.2% a year over the last three filed years against 39.2% over all 5, speeding up (top 13% of its family); the newest year grew 44.8% (top 28%) (its annual reports). Hut 8 Corp. reported 3 product lines in fiscal 2025: High Performance Computing Colocation and Cloud at $202 million (86%), Power at $23 million (10%), Digital Infrastructure at $10 million (4%); 1 of 3 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 31% of 78 in its family for expectations against reality.
From the record
Hut 8 Corp.'s newest year against its own record: revenue of $235 million in fiscal 2025 came in 7.9% below the $255 million its prior three years' pace pointed to (bottom 39% of its family); net income of $226 million against a prior three-year average of $96 million (bottom 29%); a net margin of -96.2% against 49.1% before (bottom 25%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made