---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006847"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:47:36.321661+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hut 8 Q1 revenue $21.8M, net loss $134.3M; launches American Bitcoin subsidiary

## Summary
- Revenue $21.8M, net loss $134.3M, Adjusted EBITDA ($117.7M); prior-year net income was $250.7M.
- ASIC fleet upgrade completed: hashrate 9.3 EH/s, efficiency ~20 J/TH (79% hashrate increase QoQ).
- Launched American Bitcoin, a majority-owned subsidiary focused on industrial mining, via ASIC contribution.
- Bitcoin reserve 10,264 BTC valued at $847.2M; cost to mine a Bitcoin $58,757.
- $275.5M net proceeds from ATM program, selling 9.8M shares at $28.23/sh.

## SEC filing metadata
- accession: 0001558370-25-006847
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000155837025006847/0001558370-25-006847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000155837025006847/hut-20250508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006847
- JSON: https://secwatch.observer/filing/0001558370-25-006847.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006847.txt

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