Hut 8 valuation, funding and investors
Hut 8 works in energy infrastructure development and management, based in Miami, United States. Founded in 2017, it has about 359 employees.
Cryptocurrency Debt
VALUATION · TODAY
$2.19B −22% after Growth
Range $1.11B – $3.33B · Grade BTODAY
+12 MO
$1.00B
$2.00B
$3.00B
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $150M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY359 employees
+31%6m growth
+53%1y growth
+124%2y growth
200
400
Data from Feb 2024
Predicted in 1 yr $1.71B −22% vs today
Predicted next raise $197M if a round comes
Winding-down probability 0%
- Last round
- Growth · $150M · Aug 2024
- Valuation at last round
- $1.67B · implied
- Headcount
- 359 · growing
- Grade
- B
- Founded
- 2017
Hut 8 valuation today
VCMC values Hut 8 at $2.2B today, with a range of $1.1B to $3.3B and a grade of B. The valuation starts from its last funding round, a growth round in Aug 2024.
Valuation by date (120 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $8.37M | $3.05M – $23.0M | $11.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $8.60M | $3.13M – $23.6M | $11.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $8.81M | $3.21M – $24.2M | $12.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $9.05M | $3.29M – $24.9M | $12.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $9.29M | $3.38M – $25.5M | $12.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $9.54M | $3.47M – $26.2M | $13.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $9.79M | $3.56M – $26.9M | $13.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $10.1M | $3.66M – $27.6M | $13.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $10.3M | $3.76M – $28.4M | $14.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $10.6M | $3.86M – $29.1M | $14.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $10.9M | $3.96M – $29.9M | $14.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $11.2M | $4.07M – $30.7M | $15.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $11.5M | $4.18M – $31.5M | $15.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $11.8M | $4.29M – $32.4M | $16.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $12.1M | $4.40M – $33.2M | $16.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $12.4M | $4.52M – $34.1M | $17.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $12.7M | $4.64M – $35.0M | $17.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $13.1M | $4.76M – $35.9M | $17.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $13.4M | $4.89M – $36.9M | $18.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $13.8M | $5.02M – $37.9M | $18.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $14.2M | $5.15M – $38.9M | $18.8M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $14.5M | $5.29M – $39.9M | $18.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $14.9M | $5.43M – $41.0M | $19.1M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $15.3M | $5.58M – $42.1M | $19.3M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $15.7M | $5.73M – $43.2M | $19.4M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $16.2M | $5.88M – $44.4M | $19.6M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $16.6M | $6.03M – $45.5M | $19.8M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $17.0M | $6.19M – $46.7M | $20.0M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $17.5M | $6.35M – $47.9M | $20.1M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $17.9M | $6.53M – $49.3M | $20.3M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $18.4M | $6.70M – $50.5M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $18.6M | $6.77M – $51.1M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $18.8M | $6.83M – $51.5M | $20.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $18.9M | $6.89M – $52.0M | $21.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $19.1M | $6.95M – $52.5M | $21.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $19.3M | $7.01M – $52.9M | $21.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $19.4M | $7.08M – $53.4M | $21.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $19.6M | $7.14M – $53.9M | $21.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $19.8M | $7.21M – $54.4M | $22.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $20.0M | $7.27M – $54.9M | $22.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $20.2M | $7.34M – $55.4M | $22.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $20.3M | $7.40M – $55.9M | $22.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $20.5M | $7.47M – $56.4M | $22.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $20.7M | $7.54M – $56.9M | $23.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $20.9M | $7.61M – $57.4M | $23.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $21.1M | $7.67M – $57.9M | $23.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $21.3M | $7.75M – $58.4M | $23.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $21.5M | $7.81M – $59.0M | $23.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $21.7M | $7.88M – $59.5M | $24.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $21.9M | $7.96M – $60.0M | $24.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $22.0M | $8.02M – $60.5M | $24.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $22.2M | $8.10M – $61.1M | $24.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $22.4M | $8.17M – $61.6M | $24.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $22.6M | $8.24M – $62.2M | $25.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $22.8M | $8.32M – $62.7M | $25.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $23.1M | $8.39M – $63.3M | $25.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $23.3M | $8.47M – $63.9M | $25.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $23.5M | $8.54M – $64.5M | $25.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $23.7M | $8.62M – $65.1M | $26.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $23.9M | $8.70M – $65.6M | $26.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $24.1M | $8.78M – $66.2M | $26.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $24.3M | $8.85M – $66.7M | $26.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $24.5M | $8.91M – $67.2M | $26.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $24.6M | $8.97M – $67.7M | $26.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $24.8M | $9.04M – $68.2M | $27.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $25.0M | $9.11M – $68.7M | $27.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $25.2M | $9.17M – $69.2M | $27.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $25.4M | $9.24M – $69.7M | $27.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $25.6M | $9.31M – $70.3M | $27.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $25.8M | $9.38M – $70.8M | $28.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $26.0M | $9.45M – $71.3M | $28.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $26.1M | $9.52M – $71.8M | $28.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $26.3M | $9.59M – $72.4M | $28.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $26.5M | $9.66M – $72.9M | $29.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $26.7M | $9.73M – $73.4M | $29.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $26.9M | $9.80M – $73.9M | $29.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $27.1M | $9.87M – $74.5M | $29.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $27.3M | $9.95M – $75.0M | $29.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $27.5M | $10.0M – $75.6M | $30.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $27.7M | $10.1M – $76.2M | $30.1M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $27.9M | $10.2M – $76.7M | $30.1M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $28.1M | $10.2M – $77.3M | $30.1M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $28.3M | $10.3M – $77.9M | $30.1M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $28.6M | $10.4M – $78.4M | $30.1M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $28.8M | $10.5M – $79.0M | $30.1M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $43.5M | $14.6M – $130M | $49.2M (+13%) | before first round | 140 | unknown | D | 0% |
| 1 Mar 2024 | $44.1M | $14.6M – $133M | $49.6M (+12%) | before first round | 140 | flat | D | 0% |
| 1 Apr 2024 | $44.8M | $14.6M – $137M | $50.0M (+12%) | before first round | 140 | flat | D | 0% |
| 1 May 2024 | $45.4M | $14.7M – $141M | $50.3M (+11%) | before first round | 140 | flat | D | 0% |
| 1 Jun 2024 | $46.1M | $14.7M – $144M | $50.7M (+10%) | before first round | 140 | flat | D | 0% |
| 1 Jul 2024 | $59.6M | $17.0M – $154M | $66.6M (+12%) | before first round | 160 | up | D | 0% |
| 1 Aug 2024 | $60.2M | $16.9M – $158M | $66.9M (+11%) | before first round | 160 | up | D | 0% |
| 14 Aug 2024 | $1.7B | $1.1B – $2.8B | $1.8B (+10%) | after a round | 160 | up | B | 0% |
| 1 Sep 2024 | $1.7B | $1.1B – $2.8B | $1.8B (+9%) | after a round | 160 | up | B | 0% |
| 1 Oct 2024 | $1.7B | $1.1B – $2.8B | $1.8B (+9%) | after a round | 160 | up | B | 0% |
| 1 Nov 2024 | $1.7B | $1.1B – $2.8B | $1.9B (+9%) | after a round | 170 | up | B | 0% |
| 1 Dec 2024 | $1.7B | $1.1B – $2.8B | $1.9B (+8%) | after a round | 170 | up | B | 0% |
| 1 Jan 2025 | $1.8B | $1.1B – $2.9B | $1.9B (+9%) | after a round | 190 | growing | B | 0% |
| 1 Feb 2025 | $1.8B | $1.1B – $2.9B | $1.9B (+7%) | after a round | 190 | growing | B | 0% |
| 1 Mar 2025 | $1.8B | $1.1B – $2.9B | $1.9B (+6%) | after a round | 190 | growing | B | 0% |
| 1 Apr 2025 | $1.8B | $1.1B – $2.9B | $1.9B (+5%) | after a round | 190 | growing | B | 0% |
| 1 May 2025 | $1.8B | $1.1B – $2.9B | $1.9B (+4%) | after a round | 190 | growing | B | 0% |
| 1 Jun 2025 | $1.9B | $1.1B – $2.9B | $1.9B (+3%) | after a round | 190 | growing | B | 0% |
| 1 Jul 2025 | $1.9B | $1.2B – $3.0B | $2.0B (+2%) | after a round | 215 | growing | B | 0% |
| 1 Aug 2025 | $2.0B | $1.2B – $3.0B | $2.0B (+1%) | after a round | 235 | growing | B | 0% |
| 1 Sep 2025 | $2.0B | $1.2B – $3.0B | $2.0B (0%) | after a round | 235 | growing | B | 0% |
| 1 Oct 2025 | $2.0B | $1.2B – $3.0B | $2.0B (0%) | after a round | 235 | growing | B | 0% |
| 1 Nov 2025 | $2.0B | $1.2B – $3.1B | $2.0B (0%) | after a round | 260 | growing | B | 0% |
| 1 Dec 2025 | $2.0B | $1.2B – $3.1B | $2.0B (0%) | after a round | 260 | growing | B | 0% |
| 1 Jan 2026 | $2.0B | $1.2B – $3.1B | $2.0B (0%) | after a round | 260 | growing | B | 0% |
| 1 Feb 2026 | $2.0B | $1.2B – $3.1B | $2.0B (0%) | after a round | 260 | growing | B | 0% |
| 1 Mar 2026 | $2.1B | $1.2B – $3.1B | $2.1B (0%) | after a round | 274 | growing | B | 0% |
| 1 Apr 2026 | $2.1B | $1.2B – $3.1B | $2.1B (0%) | after a round | 274 | growing | B | 0% |
| 1 May 2026 | $2.1B | $1.2B – $3.2B | $2.1B (0%) | after a round | 302 | growing | B | 0% |
| 1 Jun 2026 | $2.1B | $1.2B – $3.2B | $2.1B (0%) | after a round | 302 | growing | B | 0% |
| 1 Jul 2026 | $2.1B | $1.2B – $3.2B | $2.1B (0%) | after a round | 302 | growing | B | 0% |
| 1 Aug 2026 | $2.1B | $1.2B – $3.2B | $2.1B (0%) | after a round | 302 | growing | B | 0% |
| 1 Sep 2026 | $2.1B | $1.1B – $3.2B | $2.1B (0%) | after a round | 302 | growing | B | 0% |
| 1 Oct 2026 | $2.2B | $1.1B – $3.3B | $2.2B (0%) | after a round | 359 | growing | B | 0% |
| 24 Oct 2026 | $2.2B | $1.1B – $3.3B | $1.7B (-22%) | after a round | 359 | growing | B | 0% |
Key facts about Hut 8
- Founded
- 2017
- Headquarters
- Miami, United States
- Employees
- about 359 +38% in a year
- Total raised
- $1.45B
- Funding rounds
- 5
- Last round
- Debt Sep 2026
Hut 8 was founded in 2017 by Asher Genoot, Michael Ho and Sean Glennan.
Hut 8 funding history
Hut 8 has 5 funding rounds on record, from Dec 2021 to Sep 2026, $1.45B in total. None disclosed a valuation.
Debt 28 Sep 2026no round page
Led by J.P. Morgan; with Citi, Goldman Sachs, Morgan Stanley.
Sources: prnewswire.com, hut8.com, energynews.pro
$1.07B
$130M
$150M
$65M
Debt 30 Dec 2021no round page
With Trinity Capital Inc..
Sources: prnewswire.com, prnewswire.co.uk, bitcoinmagazine.com and 1 more
$30M
Hut 8 investors
8 investors have backed Hut 8; J.P. Morgan led at least one round.
- J.P. Morgan lead
- Citi
- Coatue
- Coinbase
- Coinbase Credit, Inc.
- Goldman Sachs
- Morgan Stanley
- Trinity Capital Inc.
What Hut 8 does
Hut 8 works in cryptocurrency, with 12 recorded offerings and customers in energy, digital infrastructure and energy intensive technologies.
Hut 8 Corp. is an American energy and digital infrastructure company engaged in the development, commercialization, and operation of critical infrastructure assets. The company operates a platform that integrates power, digital infrastructure, and compute assets, with a focus on energy-intensive technologies such as Bitcoin mining, AI compute, and cloud infrastructure. Hut 8 manages data centers and cloud services, and operates power generation assets, hosting, and managed services sites in the United States and Canada. The company serves investors and technology sectors by providing infrastructure solutions for energy-intensive applications.
Description from Veridion's company data.
Products and services
- Energy Infrastructure Development and Management
- Power Generation Asset Development and Management
- Digital Infrastructure Asset Development and Management
- Compute Asset Development and Management
- Bitcoin Mining Site Operation and Management
- High-Performance Computing Data Center Operation and Management
- Cloud Infrastructure Operation and Management
- Managed Energy Infrastructure Services
- Energy-Intensive Technology Hosting Services
- Power and Compute Asset Commercialization
- Sustainable Infrastructure Solutions Implementation
- Strategic Infrastructure Partnership Development
Markets
- Energy
- Digital Infrastructure
- Energy Intensive Technologies
Business model
- Business-to-Business
- Enterprise
- Asset Management
Industry codes (NAICS)
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 70% match
- 221118 Other Electric Power Generation 30% match
Questions about Hut 8
What is Hut 8 worth?
Valuation $2.2B (range $1.1B to $3.3B), as of 24 Oct 2026.
Has Hut 8 raised money?
Hut 8 has 5 funding rounds on record, from Dec 2021 to Sep 2026, $1.45B in total. None disclosed a valuation.
Who has invested in Hut 8?
J.P. Morgan, Citi, Coatue, Coinbase, Coinbase Credit, Inc. and Goldman Sachs, and 2 more. Lead investors include J.P. Morgan.
How many people work at Hut 8?
About 359, up 38% over the last year. Headcount grew from 140 in Feb 2024 to 359 in Sep 2026.
What does Hut 8 do?
Hut 8 works in cryptocurrency, with 12 recorded offerings and customers in energy, digital infrastructure and energy intensive technologies. Its main offerings are energy infrastructure development and management, power generation asset development and management and digital infrastructure asset development and management.
When was Hut 8 founded, and where is it based?
Hut 8 was founded in 2017 and is based in Miami, United States. It has about 359 employees, up 38% over the last year.