Hut 8 Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $-226.1M | $331.9M | $21.9M | $-31.8M |
| Depreciation & Amortization | $101.9M | $47.8M | $17.5M | $11.6M |
| Depreciation | — | — | — | — |
| Amortization | $3.0M | $3.0M | $400.0K | $0 |
| Stock-Based Compensation | $57.8M | $20.8M | $13.6M | $9.2M |
| Net Cash from Operating Activities | $-139.2M | $-68.5M | $-22.2M | $-42.9M |
| Investing Activities | ||||
| Capital Expenditures | — | — | — | — |
| Business Acquisitions | — | — | — | — |
| Net Cash from Investing Activities | $-754.2M | $-188.5M | $87.0M | $-134.4M |
| Financing Activities | ||||
| Dividends Paid | — | — | — | — |
| Stock Repurchases | — | — | — | — |
| Net Cash from Financing Activities | $856.1M | $311.9M | $-40.9M | $191.6M |
| Net Change in Cash | $-37.0M | $54.7M | $24.3M | $14.3M |
| Free Cash Flow | — | — | — | — |