earnings
confidence high
sentiment positive
materiality 0.80
Hut 8 Q2 revenue $74.9M, adjusted EBITDA $10.4M; signs second 352MW lease at Beacon Point
Hut 8 Corp.
2026-Q2 EPS reported
-$3.22
revenue$145,949,000
- Revenue $74.9M (up 81% YoY from $41.3M); net loss $177.1M due to $138.6M unrealized digital asset losses.
- Adjusted EBITDA $10.4M (vs $4.2M prior year); adjusted EBITDA incl. digital asset mark-to-market $(94.6)M.
- Subsequent to quarter-end, signed second 15-year 352MW IT lease at Beacon Point, adding ~$9.8B contract value.
- Closed $7.5B in investment-grade project financing for River Bend and Beacon Point Phase 1, non-dilutive.
- Refinanced Bitcoin credit facility to 7% from 9%, releasing ~3,300 BTC from collateral; no parent-level recourse debt.