Hut 8 Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jun '23 Jun 30, 2023
Net Income	156.06	331.41	-65.61
Depreciation & Amortization	63.84	51.38	19.2
Stock-Based Compensation	20.73	20.78	4.61
Other Adjustments	-465.19	-447.33	21.96
Changes in Accrued Interest and Accounts Receivable	-2.1	-0.72	0.53
Changes in Accounts Payable	4.03	-8.35	1.53
Changes in Other Operating Activities	-26.47	-7.34	-7.23
Operating Cash Flow	-108.5	-68.56	-29.34
Capital Expenditures	-215.66	-163.6	-15.04
Purchases of Intangible Assets	-	-100.99	-
Sale of Property, Plant & Equipment	-	4.85	0.26
Proceeds from Sale of Intangible Assets	25.07	74.48	50.03
Other Investing Activities	-	-3.2	-10
Investing Cash Flow	-324.94	-188.47	25.25
Long-Term Debt Issued	-	164.85	14.24
Long-Term Debt Repaid	-3.03	-36.77	-20.84
Net Long-Term Debt Issued (Repaid)	-3.03	128.08	-6.6
Issuance of Common Stock	0.3	162.53	-
Repurchase of Common Stock	-	-0.04	-
Net Common Stock Issued (Repurchased)	0.3	162.49	-
Other Financing Activities	-	21.63	-
Financing Cash Flow	479.85	311.95	-6.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.17	-0.26	-10.69
Net Cash Flow	46.26	54.68	10.38
Beginning Cash & Cash Equivalents	176.1	30.96	21.07
Ending Cash & Cash Equivalents	222.35	85.64	10.38
Free Cash Flow	-324.16	-232.16	-44.38
FCF Margin	783.20%	-161.90%	-56.96%
Free Cash Flow Per Share	-2.93	-2.30	-1.07
Levered Free Cash Flow	-23.1	331.34	-73.21
Unlevered Free Cash Flow	-176.36	-128.63	-1

Updated Jun 30, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.