About Hut 8
Hut 8 is a company based in Toronto (Canada) founded in 2017.. The company has 222 employees as of December 31, 2024. Hut 8 has completed 1 acquisition, including TeraGo. Hut 8 offers products and services including Hosting Services, Repair Services, Managed Services, and High Performance Computing. Hut 8 operates in a competitive market with competitors including Graph Blockchain, Eightco, p0x labs, BLOCKSMITH&Co. and Fortress Trust, among others.
- Headquarter Toronto, Canada
- Employees 222 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Hut 8 Corp.
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Annual Revenue
$154.59 M150.48as on Dec 31, 2024
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Net Profit
$315.95 M4897.7as on Dec 31, 2024
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EBITDA
$9.85 M863.61as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
222
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Hut 8
Hut 8 is a publicly listed company on the NASDAQ with ticker symbol HUT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hut 8
Hut 8 offers a comprehensive portfolio of products and services, including Hosting Services, Repair Services, Managed Services, and High Performance Computing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Setup and maintenance for bitcoin mining with real-time monitoring
Certified repair of mining equipment like Whatsminers
Turnkey infrastructure management with advanced technology
Infrastructure for high performance computing and AI applications
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Funding Insights of Hut 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Hut 8
Hut 8 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TeraGo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Internet, colocation, and cloud services are provided to Canadian businesses.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hut 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hut 8 Comparisons
Competitors of Hut 8
Hut 8 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Graph Blockchain, Eightco, p0x labs, BLOCKSMITH&Co. and Fortress Trust, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Private blockchain solutions are offered for data management and intelligence.
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| domain | founded_year | HQ Location |
Data-driven technology solutions are provided for diversified industries through acquisitions.
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| domain | founded_year | HQ Location |
Blockchain development services are provided by p0x labs.
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| domain | founded_year | HQ Location |
Provider of gaming development services
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| domain | founded_year | HQ Location |
Financial infrastructure and compliance solutions are provided by Fortress Trust.
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| domain | founded_year | HQ Location |
Blockchain development and financing services are provided by Bit Origin.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hut 8
Frequently Asked Questions about Hut 8
When was Hut 8 founded?
Hut 8 was founded in 2017.
Where is Hut 8 located?
Hut 8 is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does Hut 8 have?
As of Dec 31, 2024, the latest employee count at Hut 8 is 222.
What is the annual revenue of Hut 8?
Annual revenue of Hut 8 is $154.59M as on Dec 31, 2024.
What does Hut 8 do?
Hut 8 was founded in 2017 in Toronto, Canada, as a provider of high-performance computing infrastructure. Solutions are offered for gaming, visual effects, financial services, business continuity, and disaster recovery. Focus is placed on digital asset infrastructure and technology foundations for the digital economy. Operations support various industries through reliable computing resources.
Who are the top competitors of Hut 8?
Hut 8's top competitors include Eightco, Graph Blockchain and Bit Origin.
What products or services does Hut 8 offer?
Hut 8 offers Hosting Services, Repair Services, Managed Services, and High Performance Computing.
Is Hut 8 publicly traded?
Yes, Hut 8 is publicly traded on NASDAQ under the ticker symbol HUT.
How many acquisitions has Hut 8 made?
Hut 8 has made 1 acquisition, including TeraGo.
What is Hut 8's ticker symbol?
The ticker symbol of Hut 8 is HUT on NASDAQ.
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