secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001558370-24-011970
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000155837024011970/0001558370-24-011970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000155837024011970/hut-20240813x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011970

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