Hut 8 Corp.

Listed Company

HUTCIK 0001964789NasdaqLarge AcceleratedFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-226.15M

Total Assets

$2.75B

Equity

$1.42B

Shares Out

112.59M

Op. Cash Flow

$-139.23M

HUT$97.22+361.52% · past yearDBEQ Basic

Daily closing prices

Business

Hut 8 Corp is an energy infrastructure platform that integrates power, digital infrastructure, and compute to support energy-intensive technologies including AI, high-performance computing, and ASIC mining. The company acquires, develops, and manages power assets (1,020 MW under management), designs and operates data centers optimized for next-generation workloads, and deploys compute businesses including American Bitcoin, Hut 8 Canada cloud services, and Highrise AI. Operations span the United States and Canada through a vertically integrated power-first model that treats power origination as the primary investment criterion, with downstream infrastructure and compute monetization following.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-06-30
Total revenue	235	162	96	82	74
Total cost of revenue	108	87	54	43	26
Depreciation and amortization	102	48	18	19	12
General and administrative expenses	123	73	49	27	31
Losses (gains) on digital assets	220	−509	−33	—	—
Loss (gain) on sale of property and equipment	5	−634,000	888,000	445,000	0
Impairment - other	—	4	—	0	0
Total operating expenses (income)	449	−385	32	108	68
Operating (loss) income	−322	461	9	−69	−20
Foreign exchange gain (loss)	3	−5	1	—	—
Interest expense	−30	−30	−25	−28	−7
Asset contribution costs	−23	—	—	—	—
Gain on debt extinguishment	—	6	24	24	0
Gain on derivatives	62	7	—	—	—
Gain on other financial liability	956,000	—	—	—	—
Gain on warrant liability	384,000	—	—	—	—
Gain on bargain purchase	—	3	—	0	0
Equity in earnings of unconsolidated joint venture	9	10	13	6	0
Total other income (expense)	22	−9	13	2	−7
(Loss) income from continuing operations before taxes	−300	452	22	−67	−27
Income tax benefit (provision)	52	−113	−190,000	1	−5
Net (loss) income from continuing operations	−248	338	22	−66	−32
(Loss) gain from discontinued operations (net of income tax benefit of nil, $2.3 million, and nil, respectively)	—	−7	77,000	—	—
Net (loss) income	−248	331	22	−66	−32
Less: Net loss attributable to non-controlling interests	22	473,000	—	—	—
Net (loss) income attributable to Hut 8 Corp.	−226	332	22	−66	−32
Basic from continuing operations attributable to Hut 8 Corp. (in dollars per share)	−2.14	3.71	0.46	−1.58	−0.94
Diluted from continuing operations attributable to Hut 8 Corp. (in dollars per share)	−2.14	3.4	0.44	−1.58	−0.94
Basic (in shares)	105	91	47	41	34
Diluted (in shares)	105	101	49	41	34
Foreign currency translation adjustments	35	−56	11	—	—
Total comprehensive (loss) income	−213	275	33	−66	−32
Less: Comprehensive loss attributable to non-controlling interest	22	549,000	—	—	—
Comprehensive (loss) income attributable to Hut 8 Corp.	−191	276	33	−66	−32

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-12-31
Cash	45	85	31	—	—
Restricted cash	2	591,000	453,000	—	—
Accounts receivable, net	31	7	3	—	—
Deposits and prepaid expenses	189	53	18	—	—
Derivative assets	16	18	—	—	—
Digital assets-pledged for miner purchase	85	92	—	—	—
Digital assets receivable	812,000	—	—	—	—
Income taxes receivable	—	1	—	—	—
Assets held for sale	39	—	—	—	—
Total current assets	408	257	62	—	—
Derivative assets	101	—	—	—	—
Digital assets - held in custody	662	525	283	—	—
Digital assets - pledged for miner purchase	243	—	—	—	—
Digital assets - pledged as collateral	397	332	101	—	—
Property and equipment, net	643	222	118	—	—
Operating lease right-of-use asset	18	21	15	—	—
Deposits and prepaid expenses	8	8	6	—	—
Investment in unconsolidated joint venture	45	82	83	—	—
Other investments	6	6	—	—	—
Intangible assets, net	11	13	17	—	—
Goodwill	210	53	58	—	—
Total non-current assets	2,346	1,262	679	—	—
Total assets	2,754	1,519	741	—	—
Accounts payable and accrued expenses	45	42	44	—	—
Miner purchase liability, current portion	101	15	—	—	—
Deferred revenue	1	6	3	1	—
Operating lease liability, current portion	3	3	1	—	—
Finance lease liability, current portion	—	5	748,000	—	—
Derivative liability	—	18	—	—	—
Loans, notes payable, and other financial liabilities, current portion	200	65	—	—	—
Income taxes payable	115,000	—	—	—	—
Liabilities held for sale	26	—	—	—	—
Total current liabilities	376	154	113	—	—
Miner purchase liability, less current portion	332	—	—	—	—
Operating lease liability, less current portion	16	19	14	—	—
Finance lease liability, less current portion	—	19	661,000	—	—
Loans, notes payable, and other financial liabilities, less current portion	210	236	—	—	—
Deferred tax liabilities	130	111	609,000	—	—
Warrant liability	146,000	—	—	—	—
Total non-current liabilities	689	384	141	—	—
Total liabilities	1,064	538	253	—	—
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	—	—	—	—	—
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 110,091,358 and 99,478,012 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	1	995,000	889,000	—	—
Additional paid-in capital	1,426	790	576	—	—
Retained earnings	5	232	−100	—	—
Accumulated other comprehensive loss	−10	−46	11	—	—
Total Hut 8 Corp. stockholders' equity	1,422	977	488	—	—
Non-controlling interests	268	4	—	—	—
Total equity	1,689	981	488	27	10
Total liabilities and equity	2,754	1,519	741	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-06-30
Amortization of operating right-of-use assets	3	2	295,000	296,000	402,000
Non-cash lease expense	2	2	236,000	127,000	153,000
Stock-based compensation	58	21	14	5	9
Distributions of earnings from unconsolidated joint venture	46	11	29	12	0
Compute revenue related to ASIC compute	−187	−72	—	—	—
Hosting revenue earned in Bitcoin	—	−4	−2	0	0
Losses (gains) on digital assets	220	−509	−33	0	0
Deferred tax assets and liabilities	−55	112	−555,000	−2	5
Non-cash income	—	−4	—	0	0
Foreign exchange (gain) loss	−3	5	−1	0	0
Amortization of debt discount	508,000	4	7	4	574,000
Paid-in-kind interest expense	18	15	18	20	0
Loss (income) on discontinued operations	—	7	−77,000	0	0
Accounts receivable, net	−26	−719,000	−1	532,000	−155,000
Deposits and prepaid expenses	−10	−6	3	8	−11
Equipment held for sale	—	4	—	0	0
Income taxes receivable	732,000	−1	—	0	0
Income taxes payable	115,000	—	—	—	—
Accounts payable and accrued expenses	−6	−8	5	2	420,000
Deferred revenue	−5	3	83,000	−14	15
Operating lease liabilities	−5	−4	−691,000	−544,000	−518,000
Deposit liability	—	−2	2	−1	1
Net cash used in operating activities	−139	−69	−22	−29	−43
Proceeds from sale of digital assets	4	74	66	50	44
Bitcoin purchased	−405	−101	—	0	0
Other digital asset purchased	−25	—	—	—	—
Deposit paid to purchase miners and mining equipment	−14	−40	−966,000	−12	−141
Deposits for future sites	−163	—	—	—	—
Purchases of property and equipment	−203	−124	−2	−3	−37
Proceeds from sale of property and equipment	6	5	751,000	257,000	0
Cash received from Bitmain deposit refund	46	—	—	—	—
Additions to intangible assets	−1	−286,000	—	0	0
Cash paid to acquire investment in Ionic	—	−6	—	0	0
Net cash (used in) provided by investing activities	−754	−188	87	25	−134
Proceeds from loans payable	135	15	—	14	131
Proceeds from notes payable	—	150	—	—	—
Proceeds from subsidiary warrants exercised	6,000	—	—	—	—
Net proceeds from covered call options premium	10	22	—	0	0
Repayments of loans payable	−46	−34	−40	−20	−9
Deferred financing fees related to loan payable	−38,000	—	—	—	—
Debt issuance costs paid	—	−867,000	−1	−1	−2
Principal payments on finance lease	−4	−3	−60,000	0	0
Payment of withholding tax on vesting of restricted stock units	—	−40,000	—	0	0
Proceeds from the issuance of common stock - stock option exercises	329,000	576,000	16,000	0	0
Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs	314	162	—	—	—
Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs	238	—	—	—	—
Proceeds from the issuance of American Bitcoin Corp. Class A common stock - non-at-the-market offering, net of issuance costs	205	—	—	—	—
Proceeds from other financial liability	4	—	—	—	—
Net cash provided by financing activities	856	312	−41	−7	192
Effect of exchange rate changes on cash, and restricted cash	285,000	−261,000	336,000	0	0
Net (decrease) increase in cash	−37	55	24	−11	14
Cash paid for interest	14	11	6	6	7
Cash paid for income taxes	1	3	700,000	—	—
Reclassification of deposits and prepaid expenses to property and equipment	—	400,000	43	73	79
Right-of-use assets obtained in exchange for operating lease liabilities	16,000	9	1	—	2
Property and equipment acquired under finance leases	—	26	—	—	—
Property and equity acquired under miner purchase liability	353	—	7	386,000	5
Common stock issued in connection with debt extinguishment	—	30	—	—	—
Issuance of common stock - restricted stock unit settlements	6,000	10,000	—	—	—
Issuance of warrants by subsidiary as finance lease payments	2	—	—	—	—
Digital assets received for the issuance of Class A common stock by American Bitcoin Corp.	10	—	—	—	—
Stock-based compensation capitalized in property and equipment, net	419,000	—	—	—	—
Subsidiary warrants exercised	5	—	—	—	—

Filings

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Frequently asked questions

What is Hut 8 Corp.'s CIK number?

Hut 8 Corp.'s SEC CIK number is 0001964789 (1964789). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Hut 8 Corp.'s SEC filings?

All of Hut 8 Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Hut 8 Corp. last report earnings?

Hut 8 Corp. (HUT) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055894). This is Hut 8 Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Hut 8 Corp.'s most recent earnings 8-K?

Hut 8 Corp.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-055894. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Hut 8 Corp.'s latest earnings 8-K →
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