earnings
confidence high
sentiment negative
materiality 0.80
Hut 8 reports FY2025 net loss of $248M; signs $7B AI lease with Fluidstack
Hut 8 Corp.
2025-FY EPS reported
-$2.14
revenue$235,118,000
- FY2025 revenue $235.1M (+45% YoY); net loss $248.0M vs net income $331.4M, driven by $220M unrealized digital asset losses.
- Signed 15-year, 245 MW IT lease with Fluidstack at River Bend; $7.0B base-term contract value backstopped by Google.
- Sold 310 MW natural gas power plant portfolio to TransAlta (closed Feb 2026); launched American Bitcoin subsidiary.
- Development pipeline totals 8,500 MW; institutional ownership rose to ~70% from ~55%.
- Q4 2025 revenue $88.5M (up from $31.7M); adjusted EBITDA -$347.8M (vs +$310.6M) mainly from digital asset losses.