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)	174.77 mm	n/a	2.66 mm	n/a	7.12 mm	18.93 mm
Cash remaining	-101.86 mm	n/a	70.25 mm	n/a	65.79 mm	53.98 mm
Runway (months of cash)	-3.0	n/a	134.3	n/a	47.0	14.5

Beta Read what these cash burn values mean

Financial data from Hut 8 earnings reports.

Institutional ownership, Q4 2024

Hut 8 institutional ownership history Ownership history

54.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	206	162	+27.2%
Opened positions	75	48	+56.3%
Closed positions	31	25	+24.0%
Increased positions	58	44	+31.8%
Reduced positions	47	36	+30.6%

13F shares	Current	Prev Q	Change
Total value	1.02 tn	525.92 bn	+93.0%
Total shares	51.03 mm	44.36 mm	+15.0%
Total puts	3.96 mm	3.11 mm	+27.4%
Total calls	7.43 mm	4.86 mm	+52.8%
Total put/call ratio	0.5	0.6	-16.6%

Largest owners	Shares	Value	Change
BlackRock	7.20 mm	$147.63 bn	+6.9%
Vanguard	6.46 mm	$132.35 bn	+3.9%
STT State Street	2.28 mm	$46.78 bn	-16.7%
Geode Capital Management	2.12 mm	$43.35 bn	-3.6%
Jericho Capital Asset Management	1.83 mm	$37.40 bn	NEW
BIT Capital GmbH	1.82 mm	$37.26 bn	NEW
MS Morgan Stanley	1.70 mm	$34.75 bn	+15.0%
D. E. Shaw & Co.	1.32 mm	$27.11 bn	NEW
Voloridge Investment Management	1.18 mm	$24.17 bn	NEW
UBS UBS	1.17 mm	$24.04 bn	+391.3%

Largest transactions	Shares	Bought/sold	Change
Jericho Capital Asset Management	1.83 mm	+1.83 mm	NEW
BIT Capital GmbH	1.82 mm	+1.82 mm	NEW
Hampton Road Capital Management	1.05 mm	-1.58 mm	-59.9%
D. E. Shaw & Co.	1.32 mm	+1.32 mm	NEW
Voloridge Investment Management	1.18 mm	+1.18 mm	NEW
Arrowstreet Capital, Limited Partnership	1.12 mm	+1.12 mm	NEW
UBS UBS	1.17 mm	+934.40 k	+391.3%
D1 Capital Partners	0.00	-912.00 k	EXIT
IVZ Invesco	936.65 k	+874.57 k	+1408.8%
Susquehanna International	767.77 k	+687.32 k	+854.3%

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	Rick Rickertsen	RSU Common Stock	Grant	Acquire A	No	No	0	17,491	0.00	17,491
12 Aug 24	Amy Marie Wilkinson	RSU Common Stock	Grant	Acquire A	No	No	0	18,698	0.00	18,698

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