MineHub Technologies Inc. (MHUBF)
Minehub Technologies Inc. operates as a technology firm, specializing in a blockchain-underpinned digital trading platform designed for the mining and metals supply chain. Its proprietary MineHub platform facilitates the connection of all participants in physical commodities transactions, streamlining their interactions through an integrated digital workflow. Established in 2018, the company maintains its headquarters in Vancouver, Canada.
Industry: Software - Application
Minehub Technologies Inc.
OTC:MHUBFTechnology · Software - Application
-11.65%$0.3029
Mkt Cap$35.8M
Float82.27M
O/S118.18M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.06M
Net Income-$8.15M
Total Assets$7.29M
Free Cash Flow-$4.16M
Debt & Equity
Debt 2%
Equity 98%
Total Debt$57K
Total Equity$2.54M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:2Reverse splitMar 1, 20242 shares → 1
Balance Sheet Details
Assets$7.29M
Liabilities$4.74M
Accounts Receivable$325K
Accounts Payable$313K
Inventory$0
PP&E (Net)$0
Goodwill$2.26M
Intangible Assets$753K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Revenue | $1.06M | $1.44M | $1.43M | $133K | $0 | $48K | $0 |
| YoY Growth | -26.5% | 0.5% | 975.7% | - | - | - | - |
| Cost of Revenue | $846K | $828K | $67K | $677K | $345K | $48K | $0 |
| Gross Profit | $212K | $612K | $1.37M | -$544K | -$345K | $205 | $0 |
| Gross Margin | 20.1% | 42.5% | 95.3% | -408.2% | - | 0.4% | - |
| Research and Development | $2M | $2.19M | $147K | $1.24M | $2.59M | $1.19M | $1.92M |
| Selling, General, and Administrative | $3.33M | $2.72M | $5.7M | $4.68M | $3.73M | $1.07M | $792K |
| Other | $0 | $76K | $925K | $0 | $0 | $32K | $0 |
| Total Operating Expenses | $5.33M | $4.98M | $6.77M | $6.02M | $6.32M | $2.26M | $2.71M |
| Operating Income (EBIT) | -$5.11M | -$4.37M | -$5.34M | -$6.01M | -$6.66M | -$2.23M | -$2.71M |
| Operating Margin | -483.0% | -303.4% | -372.8% | -4514.8% | - | -4645.5% | - |
| Interest Expense | $53K | $61K | $82K | $63K | $197K | $80K | $179K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$56K | $785 |
| Other Income (Expense) | -$3.01M | -$81K | $719K | -$6K | -$220K | -$83K | -$171K |
| Income Before Tax (EBT) | -$8.13M | -$4.45M | -$4.62M | -$6.08M | -$6.88M | -$2.31M | -$2.88M |
| Income Tax Expense | $28K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$8.15M | -$4.45M | -$4.62M | -$6.08M | -$6.88M | -$2.31M | -$2.88M |
| Net Income Margin | -770.3% | -309.0% | -322.7% | -4566.6% | - | -4817.8% | - |
| Supplementary Data | |||||||
| EPS | -0.13 | -0.09 | -0.14 | -0.26 | -0.15 | -0.05 | -0.07 |
| Diluted EPS | -0.13 | -0.09 | -0.14 | -0.26 | -0.15 | -0.05 | -0.07 |
| Weighted Average OS | 90.98M | 72.76M | 46.49M | 33.38M | 64.51M | 60.39M | 60.39M |
| EBITDA | -$5.06M | -$4.31M | -$4.47M | -$6.01M | -$6.66M | -$2.23M | -$2.71M |
| EBITDA Margin | -478.1% | -299.4% | -312.3% | -4514.8% | - | -4645.5% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $3.61M | $187K | $2.76M | $822K | $2.1M | $325K | $25K |
| Short-Term Investments | $182K | $1.56M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.79M | $1.74M | $2.76M | $822K | $2.1M | $325K | $25K |
| Accounts Receivable | $325K | $314K | $333K | $201K | $136K | $90K | $15K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $4.27M | $2.22M | $3.19M | $1.13M | $2.72M | $602K | $41K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.26M | $349K | $349K | $0 | $0 | $0 | $0 |
| Intangible Assets | $753K | $121K | $198K | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $3.02M | $470K | $547K | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.29M | $2.69M | $3.74M | $1.13M | $2.72M | $602K | $41K |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $313K | $326K | $637K | $242K | $102K | $128K | $49K |
| Short-Term Debt | $57K | $540K | $618K | $600K | $888K | $821K | $765K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $188K | $9K | $266K | $111K | $0 | $0 | $5K |
| Other Current Liabilities | $1.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $2.18M | $1.01M | $1.75M | $1.16M | $1.36M | $1.46M | $1.47M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $536K | $0 |
| Long-Term Unearned Revenue | $0 | $5K | $14K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.56M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.56M | $5K | $14K | $0 | $0 | $536K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.74M | $1.02M | $1.76M | $1.16M | $1.36M | $1.99M | $1.47M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $33.52M | $26.03M | $22.26M | $16.32M | $12.28M | $3.73M | $1.75M |
| Retained Earnings | -$32.73M | -$25.93M | -$22.07M | -$18.1M | -$12.39M | -$5.52M | -$3.21M |
| Comprehensive Income & Other | $1.76M | $1.08M | $1.33M | $1.74M | $1.4M | $303K | $0 |
| Other Stockholders' Equity | $1.76M | $1.57M | $1.78M | $1.74M | $1.47M | $396K | $27K |
| Total Equity | $2.54M | $1.67M | $1.97M | -$36K | $1.36M | -$1.39M | -$1.43M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $7.29M | $2.69M | $3.74M | $1.13M | $2.72M | $602K | $41K |
| Supplementary Data | |||||||
| Total Debt | $57K | $540K | $618K | $600K | $888K | $1.36M | $765K |
| Net Debt | -$3.55M | $353K | -$2.14M | -$222K | -$1.21M | $1.03M | $740K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Operating Activities | |||||||
| Net Income | -$8.15M | -$4.45M | -$4.62M | -$6.08M | -$6.88M | -$2.31M | -$2.88M |
| Depreciation & Amortization | $52K | $76K | $67K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $368K | $232K | $444K | $644K | $286K | $260K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$9K | $21K | -$22K | -$64K | -$46K | -$75K | -$10K |
| Inventory | $0 | $0 | $0 | $82K | $165K | $66K | $0 |
| Accounts Payable | $65K | -$285K | $614K | -$18K | -$165K | -$66K | $676K |
| Other Working Capital | -$21K | -$741K | $208K | $411K | -$464K | -$253K | $4K |
| Total Working Capital Change | $36K | -$719K | $800K | $411K | -$511K | -$327K | $670K |
| Other Non-Cash Items | $3.9M | $55K | $26K | $52K | $622K | $308K | -$306K |
| Net Cash from Operating | -$4.16M | -$4.67M | -$3.5M | -$5.17M | -$6.12M | -$2.05M | -$1.85M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | -$470K | $0 | $250K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $2.22M | $2.1M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $1.75M | $2.1M | $250K | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | - | $139K | - | $35K | $593K | -$713K | -$526K |
| Common Stock Issuance | $6.04M | $220K | $5.18M | $3.89M | $8.39M | $1.63M | $937K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $141K | $0 | $46K | $95K | $0 | $549K |
| Net Cash from Financing | $5.84M | $2K | $5.18M | $3.9M | $7.89M | $2.35M | $1.83M |
| Forex Effect | -$2.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $796K | -$2.57M | $1.94M | -$1.27M | $1.77M | $301K | -$23K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$4.16M | -$4.67M | -$3.5M | -$5.17M | -$6.12M | -$2.05M | -$1.85M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$4.16M | -$4.67M | -$3.5M | -$5.17M | -$6.12M | -$2.05M | -$1.85M |
| Cash at Beginning | $2.82M | $2.76M | $822K | $2.1M | $325K | $25K | $47K |
| Cash at End | $3.61M | $187K | $2.76M | $822K | $2.1M | $325K | $25K |