---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-001997"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T21:34:36.711201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hut 8 reports Q4 net income $152M on $31.7M revenue; full year adj. EBITDA $555.7M

## Summary
- Full year 2024 revenue $162.4M (up from $96M), net income $331.4M (up from $21.9M).
- Q4 revenue $31.7M (down from $38.9M), net income $152.0M (up from $10.6M) driven by $308.2M gain on digital assets.
- Cost to mine a Bitcoin in Q4 rose to $37,958 from $17,171; Bitcoin mined 236 vs 852.
- Strategic Bitcoin reserve 10,171 BTC valued at $949.5M; development pipeline 12,300 MW with 2,800 MW under exclusivity.
- BITMAIN colocation contract expected ~$125M annualized revenue upon full ramp; purchase option for 15 EH/s miners.

## SEC filing metadata
- accession: 0001558370-25-001997
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000155837025001997/0001558370-25-001997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000155837025001997/hut-20250303x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-001997
- JSON: https://secwatch.observer/filing/0001558370-25-001997.json
- Plain text: https://secwatch.observer/filing/0001558370-25-001997.txt

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