Hut 8 (HUT) Debt Ratio (2023 - 2026)
Hut 8's (HUT) quarterly Debt Ratio came in at 0.77 in Q2 2026, up 389.66% on a YoY basis from 0.16 in Q2 2025, and up 393.74% quarter-over-quarter from 0.16 in Q1 2026.
Analysis
Hut 8 (HUT) Debt Ratio (2023 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Debt Ratio for 4 consecutive years, with 0.77 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 389.66% year-over-year to 0.77; the trailing twelve-month figure through Jun 2026 stood at 0.77 (up 389.66% YoY), and the FY2025 full-year result was 0.15, down 98.95% from the prior year.
- Debt Ratio grew to 0.77 in Q2 2026 per HUT's latest filing, from 0.16 in the prior quarter.
- Across five years, Debt Ratio topped out at 14.12 in Q4 2024 and bottomed at 0.13 in Q3 2025.
- Historically, Debt Ratio has averaged 1.41 across 4 years, with a median of 0.25 in 2023.
- The sharpest annual moves came in 2024 and 2025: Debt Ratio soared 5480.77% in 2024, then sank 98.95% in 2025.
- Over 4 years, Debt Ratio stood at 0.25 in 2023, then jumped by 5480.77% to 14.12 in 2024, then sank by 98.95% to 0.15 in 2025, then jumped by 414.11% to 0.77 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.77, 0.16, and 0.15 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (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 | 0.49 |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 0.77 |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 0.26 |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | 0.07 |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 0.56 |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 0.67 |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 0.35 |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 0.73 |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.77 |
| Mar 31, 2026 | 0.16 |
| Dec 31, 2025 | 0.15 |
| Sep 30, 2025 | 0.13 |
| Jun 30, 2025 | 0.16 |
| Mar 31, 2025 | 0.20 |
| Dec 31, 2024 | 14.12 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.31 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.79 |
| Jun 30, 2023 | 0.80 |