Hut 8

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	72.91 mm	72.91 mm	72.91 mm	72.91 mm	72.91 mm	72.91 mm
Cash burn (monthly)	34.40 mm	(no burn)	523.00 k	(no burn)	1.40 mm	3.73 mm
Cash used (since last report)	146.61 mm	n/a	2.23 mm	n/a	5.97 mm	15.88 mm
Cash remaining	-73.70 mm	n/a	70.68 mm	n/a	66.94 mm	57.03 mm
Runway (months of cash)	-2.1	n/a	135.1	n/a	47.8	15.3

Beta Read what these cash burn values mean

Financial data from Hut 8 earnings reports.

Institutional ownership, Q3 2024

Hut 8 institutional ownership history Ownership history

47.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	162	139	+16.5%
Opened positions	48	58	-17.2%
Closed positions	25	21	+19.0%
Increased positions	44	37	+18.9%
Reduced positions	36	22	+63.6%

13F shares	Current	Prev Q	Change
Total value	525.92 bn	593.35 bn	-11.4%
Total shares	44.36 mm	50.19 mm	-11.6%
Total puts	3.11 mm	3.41 mm	-8.8%
Total calls	4.86 mm	4.69 mm	+3.6%
Total put/call ratio	0.6	0.7	-12.0%

Largest owners	Shares	Value	Change
BlackRock	6.74 mm	$82.62 bn	NEW
Vanguard	6.21 mm	$76.19 bn	+10.9%
STT State Street	2.74 mm	$33.60 bn	+12.6%
Hampton Road Capital Management	2.63 mm	$32.26 bn	NEW
Geode Capital Management	2.19 mm	$26.90 bn	+21.1%
Moore Capital Management	1.75 mm	$21.43 bn	-44.3%
MS Morgan Stanley	1.48 mm	$18.09 bn	-15.5%
Toroso Investments	1.39 mm	$16.99 bn	-31.7%
Lone Pine Capital	1.23 mm	$15.11 bn	NEW
Van Eck Associates	1.14 mm	$17.27 mm	-0.5%

Largest transactions	Shares	Bought/sold	Change
Coatue Management	0.00	-9.15 mm	EXIT
BlackRock	6.74 mm	+6.74 mm	NEW
BLK BlackRock	0.00	-6.27 mm	EXIT
Hampton Road Capital Management	2.63 mm	+2.63 mm	NEW
Castle Hook Partners	0.00	-2.49 mm	EXIT
Moore Capital Management	1.75 mm	-1.39 mm	-44.3%
Lone Pine Capital	1.23 mm	+1.23 mm	NEW
JPM JPMorgan Chase & Co.	262.39 k	-1.16 mm	-81.5%
Connor, Clark & Lunn Investment Management	815.53 k	+815.53 k	NEW
Toroso Investments	1.39 mm	-643.50 k	-31.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

Hut 8 insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Aug 24	Sean Joseph Glennan	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	37,065	0.00	37,065
21 Aug 24	Sean Joseph Glennan	RSU Common Stock	Grant	Acquire A	No	No	0	37,065	0.00	37,065
16 Aug 24	Joseph Flinn	Common Stock	Sell	Dispose S	No	No	11.7389	7,618	89.43 k	11,861
15 Aug 24	Joseph Flinn	Common Stock	Option exercise	Acquire M	No	No	0	17,918	0.00	19,479
15 Aug 24	Joseph Flinn	RSU Common Stock	Option exercise	Dispose M	No	No	0	17,918	0.00	0
12 Aug 24	Joseph Flinn	RSU Common Stock	Grant	Acquire A	No	No	0	18,999	0.00	36,917
12 Aug 24	E Stanley Oneal	RSU Common Stock	Grant	Acquire A	No	No	0	18,396	0.00	18,396

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.