Hut 8 (HUT) Asset Writedowns and Impairment (2022 - 2023)
Hut 8's (HUT) quarterly Asset Writedowns and Impairment came in at $1.4 million in Q3 2023, up 11.28% on a YoY basis from $1.3 million in Q3 2022, and little changed quarter-over-quarter from $1.4 million in Q2 2023.
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Analysis
Hut 8 (HUT) Asset Writedowns and Impairment (2022 - 2023) Analysis & Trends
Hut 8 (HUT) has reported Asset Writedowns and Impairment for 2 consecutive years, with $1.4 million the latest figure, recorded in Q3 2023.
- For the quarter ending Q3 2023, Asset Writedowns and Impairment rose 11.28% year-over-year to $1.4 million; the trailing twelve-month figure through Dec 2023 stood at $3.4 million (changed N/A YoY), and the FY2024 full-year result was $6.1 million, up 326.28% from the prior year.
- Asset Writedowns and Impairment held at $1.4 million in Q3 2023 per HUT's latest filing, from $1.4 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $1.4 million in Q2 2023 and bottomed at $563000.0 in Q1 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 1.43 Mn |
| Jun 30, 2023 | 1.43 Mn |
| Mar 31, 2023 | 563,000.00 |
| Sep 30, 2022 | 1.29 Mn |