---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-015425"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:17:00.288717+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hut 8 Q3 revenue $43.7M, net income $0.9M; Bitcoin mined 234, cost to mine $31,482

## Summary
- Revenue $43.7M (up from $21.7M Q3 2023); net income $0.9M vs prior loss $4.4M; Adjusted EBITDA $5.6M.
- Mined 234 Bitcoin at cost to mine $31,482; energy cost $28.83/MWh, down 33% from $42.73 YoY.
- Bitcoin reserve 9,106 ($576.5M market value); cash $72.9M as of Sept 30, 2024.
- Partnership with BITMAIN for ~15 EH/s colocation at Vega site (expected Q2 2025); GPU-as-a-Service launched with 1,000 Nvidia H100 GPUs.
- Converted $37.9M Anchorage loan to equity at $16.395/share (51% premium to 20-day VWAP).

## SEC filing metadata
- accession: 0001558370-24-015425
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000155837024015425/0001558370-24-015425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000155837024015425/hut-20241113x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-015425
- JSON: https://secwatch.observer/filing/0001558370-24-015425.json
- Plain text: https://secwatch.observer/filing/0001558370-24-015425.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.