{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-008204","form_type":"8-K","ticker":"HUT","cik":"0001964789","company_name":"Hut 8 Corp.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.326395+00:00","generated_at":"2026-06-01T23:43:35.266884+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hut 8 Q1 net income $250.9M on fair-value gain; launches AI vertical with $20M annual forecast","bullets":["Revenue $51.7M, up 231% YoY; net income $250.9M vs $17.3M, driven by $274.6M fair-value gain on Bitcoin under ASU 2023-08.","Adjusted EBITDA $297.0M vs $11.1M; cost to mine Bitcoin $20,419 (owned) and $24,594 (including hosted), up from $9,072 and $12,348.","716 Bitcoin mined in Q1; balance sheet holds 9,102 Bitcoin (market value $648.9M), with 7,230 unencumbered.","Shut down Drumheller site; signed 4-year managed-services deal with Ionic Digital for West Texas facilities.","New AI GPU-as-a-service vertical with customer agreement providing fixed infrastructure plus revenue sharing; expects $20M annual run-rate in H2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-008204","json":"https://secwatch.observer/filing/0001558370-24-008204.json","markdown":"https://secwatch.observer/filing/0001558370-24-008204.md","text":"https://secwatch.observer/filing/0001558370-24-008204.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964789/000155837024008204/0001558370-24-008204-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964789/000155837024008204/hut-20240515x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:43:35.266884+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9ad6006ba5508d6b0d6d4086676158edd4a0fa2","claim":"Hut 8 Corp. reported the three months ended March 31, 2024 results: revenue $51.7 million, net income $250.9 million.","evidence_excerpt":"in such filing, except as expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- ​ ​ Hut 8 Reports First Quarter 2024 Results ​ Revenue of $51.7 million, Net Income attributable to Hut 8 Corp. of $250.9 million, and Adjusted EBITDA of $297.0 million ​ 9,102 self-mined Bitcoin on balance sheet as of March 31, 2024 ​ MIAMI, FL, May","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1964789/000155837024008204/0001558370-24-008204-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$51.7 million"},{"label":"Net income","value":"$250.9 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}