Hut 8 (HUT) Construction In Progress : $85.1 Mil (As of Mar. 2025)

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What is Hut 8 Construction In Progress?

Hut 8's quarterly construction in progress increased from Sep. 2024 ($17.5 Mil) to Dec. 2024 ($55.9 Mil) and increased from Dec. 2024 ($55.9 Mil) to Mar. 2025 ($85.1 Mil).

Hut 8's annual construction in progress declined from Jun. 2022 ($32.2 Mil) to Jun. 2023 ($10.9 Mil) but then increased from Jun. 2023 ($10.9 Mil) to Dec. 2024 ($55.9 Mil).

Hut 8 Construction In Progress Historical Data

The historical data trend for Hut 8's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hut 8 Construction In Progress Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

Construction In Progress

32.18

10.93

55.92

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Construction In Progress	Get a 7-Day Free Trial											14.59	4.07	17.49	55.92	85.13

Hut 8 Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (NAS:HUT) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

HUT1:Mexico V71:Germany HUT:Canada

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.