Hut 8 (HUT) Construction In Progress : $14.6 Mil (As of Mar. 2024)

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What is Hut 8 Construction In Progress?

Hut 8's quarterly construction in progress declined from Sep. 2023 ($10.3 Mil) to Dec. 2023 ($0.0 Mil) but then increased from Dec. 2023 ($0.0 Mil) to Mar. 2024 ($14.6 Mil).

Hut 8's annual construction in progress stayed the same from . 20 ($0.0 Mil) to Jun. 2021 ($0.0 Mil) but then increased from Jun. 2021 ($0.0 Mil) to Jun. 2022 ($32.2 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

Construction In Progress

32.18

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial							12.33	10.93	10.29	-	14.59

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 (HUT) 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 harnessing the limitless potential of data by leveraging cutting-edge infrastructure to create value for its customers and shareholders. Led by a seasoned executive team, Hut 8 is bullish on building computing infrastructure that powers Bitcoin mining, traditional data center's, and the dynamic requirements of future technologies like AI and machine learning.

Hut 8 (HUT) Headlines

From GuruFocus

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Hut 8 Corp. (HUT)

By Business Wire • 01-23-2024