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HUT • CIK 0001964789
| (in thousands, except per share data) | FY 2024 | FY 2025 | TTM |
|---|---|---|---|
| Operating Income (Loss) | $460,539 | $-321,994 | $-938,903 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $451,910 | $-299,834 | $-821,048 |
| Income Tax Expense (Benefit) | $113,457 | $-51,836 | $-139,609 |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $338,453 | $-247,998 | $-247,998 |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $-7,044 | $-7,044 | $-7,044 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $331,409 | $-247,998 | $-681,439 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $-473 | $-21,849 | $-81,827 |
| Net Income (Loss) Attributable to Parent | $331,882 | $-226,149 | $-599,612 |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $275,019 | $-212,825 | $-709,356 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $-549 | $-21,797 | $-81,825 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $275,568 | $-191,028 | $-627,531 |
| Revenue from Contract with Customer, Including Assessed Tax | $162,385 | $235,118 | $317,953 |
| Cost of Revenue | $86,655 | $107,774 | $119,778 |
| Depreciation, Depletion and Amortization, Nonproduction | $47,773 | $101,901 | $145,713 |
| General and Administrative Expense | $72,917 | $122,807 | $229,410 |
| CryptoAssetRealizedGainLossOperating | $509,337 | $-220,037 | $-759,537 |
| Gain (Loss) on Disposition of Property Plant Equipment | $634 | $-4,593 | $-2,418 |
| Other Asset Impairment Charges | $4,472 | $4,472 | $4,472 |
| Foreign Currency Transaction Gain (Loss), before Tax | $-5,000 | $3,396 | $-5,666 |
| InterestExpenseNonoperating | $29,794 | $30,073 | $74,611 |
| Gain (Loss) on Extinguishment of Debt | $5,966 | $5,966 | $5,966 |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | $384 | $384 |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | $3,060 | $3,060 | $3,060 |
| Income (Loss) from Equity Method Investments | $10,359 | $8,727 | $18,399 |
| Nonoperating Income (Expense) | $-8,629 | $22,160 | $117,855 |
| Weighted Average Number of Shares Outstanding, Basic | 91,320,744 | 105,328,890 | 116,569,129 |
| Weighted Average Number of Shares Outstanding, Diluted | 101,047,739 | 105,328,890 | 111,053,158 |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | $-56,390 | $35,173 | $-27,917 |
| Discontinued Operation, Tax Effect of Discontinued Operation | $2,320 | $0 | $0 |
| (in thousands, except per share data) | FY 2024 | FY 2025 | TTM |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $85,044 | $44,914 | $233,579 |
| Restricted Cash, Current | $591 | $2,373 | $610 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $6,989 | $31,122 | $11,934 |
| Assets | $1,518,860 | $2,753,720 | $9,975,107 |
| Derivative Asset, Current | $18,076 | $16,223 | $4,994 |
| CryptoAssetFairValueCurrent | — | $812 | $581 |
| Income Taxes Receivable, Current | $1,073 | $1,073 | $2,505 |
| Assets, Current | $256,841 | $408,183 | $7,085,251 |
| Derivative Asset, Noncurrent | — | $101,179 | $175,019 |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | $221,681 | $643,244 | $1,372,028 |
| Operating Lease, Right-of-Use Asset | $20,593 | $18,496 | $29,548 |
| Equity Method Investments | $82,015 | $45,158 | $39,559 |
| EquitySecuritiesFVNINoncurrent | $6,378 | $6,378 | $6,378 |
| Intangible Assets, Net (Excluding Goodwill) | $13,273 | $11,141 | $9,195 |
| Goodwill | $53,082 | $210,087 | $208,032 |
| Assets, Noncurrent | $1,262,019 | $2,345,537 | $2,889,856 |
| Accounts Payable and Accrued Liabilities, Current | $56,882 | $44,519 | $69,711 |
| Contract with Customer, Liability, Current | $6,199 | $1,458 | $3,038 |
| Operating Lease, Liability, Current | $2,689 | $2,891 | $4,548 |
| Finance Lease, Liability, Current | $4,783 | $4,783 | $7,690 |
| Derivative Liability, Current | $18,437 | $18,437 | $4,438 |
| Taxes Payable, Current | — | $115 | $5,635 |
| Liabilities, Current | $153,955 | $375,583 | $366,214 |
| Operating Lease, Liability, Noncurrent | $18,675 | $16,279 | $25,854 |
| Finance Lease, Liability, Noncurrent | $18,917 | $18,917 | $15,745 |
| Deferred Income Tax Liabilities, Net | $111,114 | $129,854 | $53,528 |
| Liabilities, Noncurrent | $384,326 | $688,667 | $7,854,860 |
| Liabilities | $538,281 | $1,064,250 | $8,221,074 |
| Common Stock, Value, Issued | $995 | $1,101 | $1,232 |
| Additional Paid in Capital | $789,597 | $1,425,775 | $1,838,331 |
| Retained Earnings (Accumulated Deficit) | $231,630 | $5,481 | $-364,559 |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $-45,553 | $-10,432 | $-32,381 |
| Stockholders' Equity Attributable to Parent | $976,669 | $1,421,925 | $1,442,623 |
| Stockholders' Equity Attributable to Noncontrolling Interest | $3,910 | $267,545 | $311,410 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $980,579 | $1,689,470 | $1,754,033 |
| Preferred Stock, Shares Authorized | 25,000,000 | 25,000,000 | 25,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 | 0 |
| Common Stock, Shares Authorized | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
| Common Stock, Shares, Issued | 99,478,012 | 110,091,358 | 123,190,559 |
| (in thousands, except per share data) | FY 2024 | FY 2025 | TTM |
|---|---|---|---|
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $-261 | $285 | $-356 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $54,678 | $-37,021 | $6,798,374 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $85,635 | $48,614 | $100,266 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $331,409 | $-247,998 | $-681,439 |
| Net Cash Provided by (Used in) Operating Activities | $-68,535 | $-139,226 | $-89,435 |
| PaymentForAcquisitionCryptoAsset | $100,708 | $405,147 | $405,147 |
| Payments to Acquire Mining Assets | $39,611 | $14,000 | $14,000 |
| Payments to Acquire Machinery and Equipment | $123,991 | $202,928 | $710,411 |
| Proceeds from Sale of Property, Plant, and Equipment | $4,851 | $5,871 | $1,537 |
| Payments to Acquire Intangible Assets | $286 | $1,011 | $1,011 |
| Payments to Acquire Investments | $6,378 | $6,378 | $6,378 |
| Cash Acquired from Acquisition | $23,031 | $23,031 | $23,031 |
| Net Cash Provided by (Used in) Investing Activities | $-188,472 | $-754,207 | $-1,287,857 |
| Proceeds from Issuance of Debt | $14,849 | $135,000 | $135,000 |
| Proceeds from Related Party Debt | — | $150,000 | $150,000 |
| Proceeds from Issuance of Warrants | — | $6 | $6 |
| Proceeds from Derivative Instrument, Financing Activities | $22,236 | $9,510 | $9,510 |
| Repayments of Debt | $34,039 | $45,584 | $263,284 |
| Payments of Financing Costs | — | $38 | $38 |
| Payments of Debt Issuance Costs | $867 | $867 | — |
| Finance Lease, Principal Payments | $2,727 | $3,965 | $3,952 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $40 | $40 | $40 |
| Proceeds from Stock Options Exercised | $576 | $329 | $10,523 |
| Sale of Stock, Consideration Received on Transaction | $161,958 | — | $161,958 |
| Net Cash Provided by (Used in) Financing Activities | $311,946 | $856,127 | $8,176,022 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $11,159 | $13,556 | $22,653 |
| Income Taxes Paid, Net | $2,816 | $1,188 | $727 |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $9,282 | $16 | $12,950 |
| Fair Value of Assets Acquired | $25,888 | $25,888 | $25,888 |
| Capital Expenditures Incurred but Not yet Paid | $7,481 | $352,980 | $283,472 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $-473 | $-21,849 | $-81,827 |
| Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) | $407,996 | $407,996 | $407,996 |
| Cash and Cash Equivalents, at Carrying Value | $85,044 | $44,914 | $96,548 |
| Restricted Cash, Current | $591 | $2,373 | $2,391 |
| Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents | — | $1,327 | $1,327 |
| Depreciation, Depletion and Amortization, Nonproduction | $47,773 | $101,901 | $145,713 |
| Other Asset Impairment Charges | $4,472 | $4,472 | $4,472 |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $1,636 | $2,612 | $2,918 |
| Share-based Payment Arrangement, Noncash Expense | $20,783 | $57,802 | $148,482 |
| Income (Loss) from Equity Method Investments | $10,359 | $8,727 | $18,399 |
| Proceeds from Equity Method Investment, Distribution | $11,000 | $45,584 | $45,584 |
| Deferred Income Tax Expense (Benefit) | $111,758 | $-54,648 | $-147,126 |
| Gain (Loss) on Extinguishment of Debt | $5,966 | $5,966 | $5,966 |
| Amortization of Debt Discount (Premium) | $4,178 | $508 | $535 |
| Gain (Loss) on Disposition of Property Plant Equipment | $634 | $-4,593 | $-2,418 |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | $3,060 | $3,060 | $3,060 |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | $384 | $384 |
| Paid-in-Kind Interest | $15,249 | $18,002 | $7,604 |
| Increase (Decrease) in Accounts Receivable | $719 | $26,374 | $6,721 |
| Increase (Decrease) in Assets Held-for-sale | $-3,907 | $-3,907 | $-3,907 |
| Increase (Decrease) in Income Taxes Receivable | $1,073 | $-732 | $-2,427 |
| Increase (Decrease) in Income Taxes Payable | — | $115 | $115 |
| Increase (Decrease) in Accounts Payable and Accrued Liabilities | $-8,349 | $-5,589 | $-7,793 |
| Increase (Decrease) in Contract with Customer, Liability | $3,499 | $-4,741 | $-3,109 |
| IncreaseDecreaseInOperatingLeaseLiability | $-3,767 | $-5,108 | $-5,172 |