Companies · Mining & Resources
TORONTO · Mining & Resources · refined from filed group “Other”
Diligence memoA one-page analyst read on Hut 8 Mining Corp. — recommendation, valuation, rhythm, risks.→Hut 8 Mining Corp. has raised $110M over 3 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Hut 8 Mining Corp. is one of 701 Mining & Resources companies tracked from TORONTO. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.
Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Silver Spike Acquisition Corp. | Series D+ | $325.0M | $1.7B | 2.08× |
| Desktop Metal, Inc. | Series D+ | $207.4M | $796.4M | 1.00× |
| Hut 8 Mining Corp. this company | Series D+ | $109.6M | $530.8M | 0.67× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $3.1M | 2017-12-20 | $15.4M | $16.6M | 90% |
| Seed | $2.9M | 2018-02-07 | $14.5M | $15.5M | 90% |
| Series D+ | $103.7M | 2021-01-13 | $863.8M | $530.8M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Chris Eldridge | — | 6 other | 2021-01 |
| Sean Clark | — | 3 other | 2017-12 |
| Jaime Leverton | — | 2 other | 2021-01 |
| Kyle Appleby | — | 2 other | 2017-12 |
| Bill Tai | — | 1 other | 2021-01 |
| JIMMY VAIOPOULOS | — | 1 other | 2021-01 |
| Sanjiv Samant | — | 1 other | 2021-01 |
| Jeremy Sewell | — | — | 2021-01 |
| Joseph Flinn | — | — | 2021-01 |
| Marc Van Der Chijs | — | — | 2017-12 |
Hut 8 Mining Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Imperial Metals Corp | Mining & Resources | Series D+ | $141.9M | $93.9M | same sector · same stage |
| Hycroft Mining Holding Corp | Mining & Resources | Series D+ | $165.9M | $387.8M | same sector · same stage |
| Code Metal, Inc. | Mining & Resources | Series D+ | $181.9M | $815.1M | same sector · same stage |
| Desktop Metal, Inc. | Mining & Resources | Series D+ | $207.4M | $796.4M | same sector · same stage |
| MineralTree, Inc. | Mining & Resources | Series C | $109.7M | $269.5M | same sector |
| Hecla Mining Co/De/ | Mining & Resources | Series C | $100.0M | $45.6M | same sector |
| International Tower Hill Mines Ltd | Mining & Resources | Series B | $96.9M | $15.1M | same sector |
| Bunker Hill Mining Corp. | Mining & Resources | Series B | $95.2M | $76.7M | same sector |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| 360 Mining, Inc. | Mining & Resources | Series A | $43.7M | 86% |
| Titan Mining Corp | Mining & Resources | Pre-Seed | $2.5M | 83% |
| MCC Mining Corp | Mining & Resources | Series B | $64.0M | 82% |
| American Pacific Mining Corp | Mining & Resources | Seed | $10.1M | 81% |
| Northern Vertex Mining Corp. | Mining & Resources | Seed | $7.8M | 81% |
| Parallel Mining Corp. | Mining & Resources | Pre-Seed | $1.1M | 80% |
| Apex Mining, LLC | Mining & Resources | Pre-Seed | $5.5M | 80% |
| Rugby Mining Ltd | Mining & Resources | Pre-Seed | $1.4M | 80% |
See where Hut 8 Mining Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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