Hut 8 Mining Ret. on equity

What is the Ret. on equity of Hut 8 Mining?

The Ret. on equity of Hut 8 Mining Corp. is -41.86%

What is the definition of Ret. on equity?

Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.

ttm (trailing twelve months)

The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.

What does Hut 8 Mining do?

Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBox AC data centers in Drumheller, Alberta; and 56 BlockBox AC data centers in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.

Companies with ret. on equity similar to Hut 8 Mining

Envestnet has Ret. on equity of -41.97%
Galiano Gold has Ret. on equity of -41.97%
ShoulderUp Technology Acquisition has Ret. on equity of -41.94%
Blaze International has Ret. on equity of -41.94%
Simplicity has Ret. on equity of -41.88%
Organovo has Ret. on equity of -41.86%
Hut 8 Mining has Ret. on equity of -41.86%
Compugen Ltd has Ret. on equity of -41.86%
Granite Creek Copper has Ret. on equity of -41.83%
Unit has Ret. on equity of -41.81%
Duketon Mining has Ret. on equity of -41.81%
Fermentalg SA has Ret. on equity of -41.79%
Denbury Resources has Ret. on equity of -41.76%