Hut 8(NASDAQ) HUT

Hut 8 Corp. builds power systems for advanced computers. These centers run artificial intelligence and digital currency software. They provide energy and space for heavy data processing.

Powering the Digital World

• Compute: Runs high-powered systems for mining Bitcoin and artificial intelligence cloud services; generated $72.5 million of revenue in the three months ended June 30, 2026.
• Power: Manages energy infrastructure and electricity sales for industrial partners; contributed $1.2 million of revenue in the three months ended June 30, 2026.
• Digital Infrastructure: Offers data center space and cloud hosting for businesses across five locations in Canada; generated $1.3 million of revenue in the three months ended June 30, 2026.
• Managed Services: Provides site design and construction management for energy projects; handles daily site operations for industrial partners.

Recent Expansion Moves

• Issued $4.25 billion in senior secured notes in June 2026 to fund construction of a Texas data center campus.
• Entered a 15-year lease in July 2026 for a second site in Texas to add 352 megawatts of capacity.
• Acquired 16,299 specialized Bitcoin miners for approximately $314 million in August 2025 to expand computing operations.
• Completed the sale of the Far North joint venture in February 2026, which included four power plants in Ontario.
• Launched American Bitcoin on March 31, 2025, to consolidate and manage mining operations.

A Power First Strategy

Hut 8 maintains a power-first strategy by securing and optimizing industrial-scale energy assets to support high-demand technologies like artificial intelligence. The company uses a vertically integrated model that combines energy origination with specialized data center management to control costs.

Key Financial Results

• Total revenue was $74.9 million for the three months ended June 30, 2026, compared to $41.3 million in the 2025 period.
• Net loss reached $177.1 million for the three months ended June 30, 2026.
• Adjusted EBITDA rose to $10.4 million in the three-month period ended June 30, 2026.
• General and administrative expenses increased to $76.1 million in the three months ended June 30, 2026.
• Total energy capacity pipeline reached 9,370 megawatts as of June 30, 2026, compared to 8,560 megawatts on June 30, 2025.

The Business Evolution

Hut 8 is shifting from a pure Bitcoin miner toward a broader energy and digital infrastructure platform. By securing massive power capacity and high-performance computing sites, it is positioning itself to serve the growing demand for artificial intelligence.