Hut 8 Corp. reported second-quarter 2026 results with revenue of $74.9M, up from $41.3M a year earlier, while the company recorded a net loss attributable to Hut 8 of $(150.2)M and diluted EPS of $(1.27) for the quarter.
Financial Highlights
- Revenue: $74.9M for Q2 2026, compared with $41.3M in Q2 2025; YoY change 81.9%.
- Net income: Net loss attributable to Hut 8 Corp. of $(150.2)M for Q2 2026 vs. net income $137.3M in Q2 2025.
- Diluted EPS: $(1.27) for Q2 2026 vs. $1.18 in Q2 2025.
Business Highlights
- Compute revenue surged driven by expansion of ASIC mining, materially increasing total revenue versus the prior-year quarter.
- Beacon Point campus is fully contracted (704 MW critical IT); Phase 1 and Phase 2 delivery pipelines advanced into construction and delivery stages.
- Overall capacity pipeline grew to approximately 9.37 GW, with notable increases in under-construction and development capacity.
- Launched American Bitcoin operations and secured exclusive managed services and colocation agreements, centralizing ASIC compute and service delivery.
- Infrastructure deployment progressed: Drumheller was re-energized, the Vega site was commissioned, and the King Mountain JV is operating 280 MW with a substantial hosted miner fleet.
Original SEC Filing:
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