Hut 8 Q2 revenue $35.2M, net loss $71.9M; mined 279 Bitcoin; 9,102 Bitcoin held; $150M Coatue investment closed

Hut 8 Corp.

2024-Q2 EPS reported $2.00 vs consensus -$0.02 ▲ beat (+10001.0%)

Revenue $35.2M (+72% YoY); net loss $71.9M including $71.8M digital assets fair value adjustment.
Mined 279 Bitcoin (down 62% YoY due to halving); weighted avg cost per Bitcoin $26,232.
Bitcoin holdings 9,102 valued at ~$570.5M as of June 30, 2024.
Closed $150M strategic investment from Coatue for AI infrastructure partnership.
Digital Assets Mining gross margin improved to 46% (from 34%); energy cost per MWh fell to $31.71.

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