secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001558370-25-001997
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000155837025001997/0001558370-25-001997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000155837025001997/hut-20250303x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001997

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