Hut 8 posts $177.1 million Q2 net loss as revenue rises to $74.9 million
Hut 8 reported second quarter 2026 revenue of $74.9 million, up from $41.3 million a year earlier, but swung to a net loss of $177.1 million from net income of $137.5 million in the prior-year period. The filing attributes $138.6 million of the loss mainly to unrealized losses on digital assets, and the company also reported closing $7.5 billion of investment-grade project financing and signing a second 352 MW lease at Beacon Point after quarter-end.
Key points
- Q2 2026 revenue was $74.9 million, compared with $41.3 million in the prior-year period.
- Net loss was $177.1 million, versus net income of $137.5 million a year earlier; net loss included $138.6 million of primarily unrealized losses on digital assets.
- Adjusted EBITDA was $10.4 million, compared with $4.2 million; Adjusted EBITDA inclusive of digital assets mark-to-market was $(94.6) million, versus $221.2 million.
- After quarter-end, the company signed a second 352 MW IT lease at Beacon Point, representing approximately $9.8 billion in expected base-term contract value.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.