RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.

AI infrastructure surveillance · analysis completed 2026-10-20 18:49:10 UTC

Hut 8

CIK 0001964789 · status review needed · overall tier elevated. Composite 3.5 of 5 at or above 3.5.

Composite3.5/5 · Elevated
Score breakdownRisk profileEvidence: AI infra watchAudit trail

FFO to debt (%, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

60%45%30%20%12%2024-12-31: 164.5%2025-06-30: 116.4%2025-09-30: 131.8%2025-12-31: -57.4%2026-06-30: -10.6%24-0924-1225-0325-0625-0925-1226-0326-06186.6%-79.6%

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)

Debt to EBITDA (x, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

1.5x2x3x4x5x2024-09-30: 1.3x2024-12-31: 0.6x2025-03-31: 3.2x2025-06-30: 0.8x2025-09-30: 0.7x24-0924-1225-0325-0625-0925-1226-0326-065.4x0.2x

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)