secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001104659-26-019393
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000110465926019393/0001104659-26-019393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000110465926019393/hut-20260225x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-019393

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer