Hut 8 Q3 revenue falls to $71.1 million while net income rises to $189.5 million
Hut 8 Corp. reported third quarter 2026 results, with revenue of $71.1 million, down from $83.5 million a year earlier, while net income rose to $189.5 million from $50.6 million. The net income increase was driven mainly by $413.8 million of unrealized gains on digital assets, and Adjusted EBITDA was $33.0 million versus $30.5 million. The company also closed a $1.07 billion revolving credit facility and raised its stock repurchase authorization to $1.0 billion.
Key points
- Q3 2026 revenue was $71.1 million, compared with $83.5 million in Q3 2025.
- Net income was $189.5 million, including $413.8 million of primarily unrealized gains on digital assets.
- Adjusted EBITDA was $33.0 million, compared with $30.5 million a year earlier.
- Repurchase authorization was increased to $1.0 billion on November 2, 2026, after $74.7 million of shares were bought back in the quarter.
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 November 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.