Hut 8 Earnings Reports

Hut 8 Corp delivered $41.3M in revenue and $137.5M in net income driven by robust compute segment performance, favorable digital asset gains, and expanded long-term energy contracts.

Hut 8 posted a $134.3M net loss in Q1 2025 as revenue dropped year-over-year. The company completed a major ASIC fleet upgrade and launched a new subsidiary focused on Bitcoin mining.

Hut 8 reported Q4 2024 revenue of $31.7 million and net income of $152.0 million. The company continued optimizing costs, with a 30% YoY reduction in energy costs per MWh. Strategic Bitcoin reserves increased, and key investments in AI and infrastructure were made to position for future growth.