---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019393"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:29:25.191540+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hut 8 reports FY2025 net loss of $248M; signs $7B AI lease with Fluidstack

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-019393
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019393/0001104659-26-019393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000110465926019393/hut-20260225x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019393
- JSON: https://secwatch.observer/filing/0001104659-26-019393.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019393.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.