Hut 8 (HUT) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


HUT Hut 8 Corp HUT
12 GF Score
Price $123.02
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What is Hut 8 Scaled Net Operating Assets?

Hut 8 HUT +4.51% 12 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates HUT with a GF Score™ of 12/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hut 8's operating assets for the quarter that ended in Mar. 2026 was $2,449.7 Mil. Hut 8's operating liabilities for the quarter that ended in Mar. 2026 was $496.7 Mil. Hut 8's Total Assets for the quarter that ended in Dec. 2025 was $2,753.7 Mil. Therefore, Hut 8's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.

Hut 8 Scaled Net Operating Assets Historical Data

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The historical data trend for Hut 8's Scaled Net Operating Assets 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.

Hut 8 Scaled Net Operating Assets Chart

Hut 8 Annual Data
Trend Jun21 Jun22 Jun23 Dec24 Dec25
Scaled Net Operating Assets
0.73 4.57 0.69 6.53 1.37

Hut 8 Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.98 1.00 0.77 0.71

HUT vs FUTU, EVR, WULF: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Hut 8's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hut 8 Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hut 8's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hut 8's Scaled Net Operating Assets falls into.


HUT
12GF Score
Hut 8 Corp HUT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hut 8 Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hut 8's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2708.806-634.919)/1518.86
=1.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2753.72 - 44.914
=2708.806

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1064.25 - 226.514 - 202.817
=634.919

Hut 8's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2449.728-496.657)/2753.72
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2609.744 - 160.016
=2449.728

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=919.568 - 220.093 - 202.818
=496.657

* 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.

What does a Scaled Net Operating Assets of 0.71 mean?
Hut 8 (HUT) has a Scaled Net Operating Assets of 0.71 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hut 8 and its competitors.
Is Hut 8's Scaled Net Operating Assets too high?
Hut 8's current Scaled Net Operating Assets is 0.71. Overall, Hut 8 has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Hut 8's Scaled Net Operating Assets compare to FUTU and EVR?
Hut 8's Scaled Net Operating Assets of 0.71 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hut 8 and its competitors. Hut 8's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hut 8 stock overvalued right now?
Hut 8 (HUT) has a current Scaled Net Operating Assets of 0.71. The current Scaled Net Operating Assets is 0.71. Hut 8's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hut 8 (HUT), the current Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hut 8 Business Description

Address 1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131
Hut 8 Corp is an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. 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.
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