BTC Holdings
15,679 BTC
180d
Stock Price
$66.08
180d
Total financing
408.87M USD
180d
mNAV
7.18x
180d
Leverage
32.8%
180d
BTC Credit
18 bps3.0x
Sats/Share
13,001
180d
Mkt capFD
7.97B USD
SharesFD
120.60M
Fiat reserve
44.91M USD
Total reserve
1.15B USD
Dilution
8.8%
Coverage
29.0 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$2.8B▲81.3%
Total Liabilities$1.1B▲97.7%
Stockholders' Equity$1.4B▲45.6%
Cash & Equivalents$44.9M▼47.2%
Total Debt$411.4M▲175.8%
Digital Assets$1.4B
Income Statement
Revenue$235.1M
Operating Income$-322M▼169.9%
Net Income$-226.1M▼168.1%
Interest Expense$30.1M▲0.9%
Cash Flow
Operating Cash Flow$-139.2M▼303.1%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| HUT-Jun29 | Jun '24 – Jun '29 | 8% | 150.00M USD | 159.28M USD | 16.39 USD | 3.0x |
| Total | 159.28M USD | |||||
Recent Changes
Tue, Feb 24, 2026
Shares Outstanding
110.1M→110.9M+795.9K(+0.7%)
Form 10-K (FY 2025)
Wed, Dec 31, 2025
BTC Holdings
13.7K→15.7K+1,983 BTC(+14.5%)
Derived from CryptoAssetFairValue. Consolidated: ~10,278 Hut 8 + 5,401 American Bitcoin
Form 10-K (FY 2025)Shares Outstanding
106.3M→110.1M+3.8M(+3.6%)
Form 10-K (FY 2025)
Debt OutstandingHUT-TZRC
56.7M→49.6M-7.1M(-12.5%)
Form 10-K (FY 2025)
Fiat Reserve
33.5M→44.9M+11.4M(+34.1%)USD
Form 10-K (FY 2025)
Mon, Dec 22, 2025
Debt OutstandingHUT-CB26
200.0M
Fully drawn
Form 8-K (credit facility expansion to $200M)Tue, Nov 4, 2025
BTC Holdings
10.7K→13.7K+3,029 BTC(+28.4%)
Hut 8 BTC Treasury Tracker