Highest-materiality recent filing
Hut 8 Q2 revenue $74.9M, adjusted EBITDA $10.4M; signs second 352MW lease at Beacon Point
Revenue $74.9M (up 81% YoY from $41.3M); net loss $177.1M due to $138.6M unrealized digital asset losses.
Second 15-year, $9.8B lease for 352 MW IT capacity at Beacon Point; same high-investment-grade tenant as Phase 1.
Hut 8 subsidiary issues $4.25B of 6.129% senior secured notes due 2042 for data center project
Aggregate principal $4.25B, interest 6.129% per annum, maturity November 30, 2042.
Hut 8 subsidiary prices $4.25B of 6.129% senior secured notes due 2042 for data center
Subsidiary Beacon Point DC LLC priced $4.25B of 6.129% senior secured notes due 2042, fully amortizing.
Hut 8 subsidiary to offer $4.25B in senior secured notes due 2042 for Texas data center project
Beacon Point DC LLC, Hut 8 subsidiary, intends $4,250M senior secured notes due 2042 in private offering.
Hut 8 Q1 rev $71M, net loss $253M; signs $9.8B hyperscale AI lease
Revenue $71.0M ($21.8M prior year); net loss $253.1M includes $295.7M unrealized digital asset losses.
Hut 8 subsidiary issues $3.25B of 6.192% Senior Secured Notes due 2042 for data center project
Issued $3.25 billion aggregate principal of 6.192% Senior Secured Notes due November 15, 2042.
Hut 8 subsidiary prices $3.25B 6.192% senior secured notes due 2042 for River Bend data center
$3.25B aggregate principal of 6.192% senior secured notes due Nov 2042, fully amortizing.
Hut 8 subsidiary announces $3,248M senior secured notes offering to finance 245 MW data center
Issuer Hut 8 DC LLC intends to offer $3,248M aggregate principal amount of senior secured notes due 2042.
Hut 8 reports FY2025 net loss of $248M; signs $7B AI lease with Fluidstack
FY2025 revenue $235.1M (+45% YoY); net loss $248.0M vs net income $331.4M, driven by $220M unrealized digital asset losses.
Hut 8 boosts Coinbase credit facility by $70M to $200M, draws full amount
Fourth amended credit agreement with Coinbase Credit increases total principal to $200M from $130M, effective Dec 22, 2025.
Hut 8 signs 15-year, $7.0B AI data center lease at River Bend; Google backstop, 245 MW
Total contract value $7.0B over 15-year base term, up to $17.7B with all renewal options.
Hut 8 sells 310 MW Ontario gas plant portfolio to TransAlta; no financial terms disclosed
TransAlta acquires four natural-gas power plants (310 MW total) from Far North Power Corp, owned by Hut 8 and Macquarie.
Hut 8 Q3 revenue $83.5M, net income $50.6M, expands pipeline to 8.65 GW
Revenue $83.5M (up 91% YoY); net income $50.6M; Adjusted EBITDA $109.0M.
Hut 8's subsidiary merges into Gryphon; Hut 8 holds ~80% voting power of combined entity
Closing of Merger Agreement between Hut 8's subsidiary American Bitcoin Corp. and Gryphon Digital Mining completed Sept 3, 2025.
Hut 8 secures $200M Bitcoin-backed revolving credit facility at 7.99% interest
Credit agreement with Two Prime Lending Ltd. for up to $200M revolving credit facility.
Hut 8 expands ATM equity offering to $1B, terminates prior $500M program
Filed prospectus supplement on Aug 22, 2025 to increase ATM offering capacity from $500M to $1B.
Hut 8 reports Q2 2025: revenue $41.3M, net income $137.5M, adjusted EBITDA $221.2M
Revenue $41.3M (up from $35.2M YoY); net income $137.5M vs loss $72.2M; Adjusted EBITDA $221.2M vs loss $57.5M.
Hut 8 subsidiary American Bitcoin Corp. raises $220M in private placement
Gross proceeds of $220,059,080 from sale of 11,002,954 shares; up to $250M oversubscription available.
Hut 8 amends Coinbase credit: $130M capacity, 9% interest, maturity June 2026
Credit facility increased by $65M to $130M; maturity extended to June 16, 2026.
Hut 8 subsidiary American Bitcoin to go public via merger with Gryphon; stockholders to own 98%
American Bitcoin (Hut 8 majority-owned) merges with Gryphon Digital Mining (Nasdaq: GRYP) in stock-for-stock transaction.
Hut 8 Q1 revenue $21.8M, net loss $134.3M; launches American Bitcoin subsidiary
Revenue $21.8M, net loss $134.3M, Adjusted EBITDA ($117.7M); prior-year net income was $250.7M.
Hut 8 launches American Bitcoin with Eric Trump; contributes miners for 80% stake
Hut 8 contributed majority of its ASIC miners to American Bitcoin in exchange for 80% equity; Eric Trump and Donald Trump Jr. are co-founders.
Hut 8 dismisses RCGT as auditor, appoints KPMG; cites material weaknesses in internal controls
Dismissed Raymond Chabot Grant Thornton (RCGT) as independent auditor on March 25, 2025; appointed KPMG for fiscal year 2025.
Hut 8 reports Q4 net income $152M on $31.7M revenue; full year adj. EBITDA $555.7M
Full year 2024 revenue $162.4M (up from $96M), net income $331.4M (up from $21.9M).
Hut 8 announces $500M ATM equity program, $250M share buyback, and Ionic dispute
$500M at-the-market equity offering via Sales Agreement with Cantor, BTIG, Canaccord, and others; 3% agent fee.
Hut 8 Q3 revenue $43.7M, net income $0.9M; Bitcoin mined 234, cost to mine $31,482
Revenue $43.7M (up from $21.7M Q3 2023); net income $0.9M vs prior loss $4.4M; Adjusted EBITDA $5.6M.
Hut 8 repays $38M loan by issuing 2.3M shares at $16.395/share
Issued 2,313,435 common shares to satisfy $37,928,768.53 in principal and accrued interest under an Anchorage Lending loan.
Revenue $35.2M (+72% YoY); net loss $71.9M including $71.8M digital assets fair value adjustment.
Hut 8 appoints Sean Glennan as CFO; Shenif Visram departs for family reasons
Sean Glennan becomes CFO effective Aug 21, 2024; previously Managing Director at Citigroup in Global Power, Utilities & Renewables.
Hut 8 secures $150M convertible note at 8% from Coatue for AI infrastructure buildout
$150M convertible note from Coatue, 8% interest, convertible at $16.395/share (45% premium to 10-day VWAP).
Hut 8 Q1 net income $250.9M on fair-value gain; launches AI vertical with $20M annual forecast
Revenue $51.7M, up 231% YoY; net income $250.9M vs $17.3M, driven by $274.6M fair-value gain on Bitcoin under ASU 2023-08.
Hut 8 reports revenue $60.6M, net income $6.2M for six months ended Dec 31, 2023
Revenue $60.6M (+32% YoY); Digital Assets Mining $41.5M, Managed Services $12.6M.
Hut 8 appoints President Asher Genoot as CEO; Jaime Leverton terminated without cause
Asher Genoot, age 29, becomes CEO effective Feb 6, 2024; previously President since Nov 2023 and co-founder of USBTC.
Hut 8 subsidiary amends Coinbase credit agreement, adds $15M Loan D facility
New $15M Loan D facility available from Coinbase Credit; total facility up to $65M.
Hut 8 Corp. completes merger of equals with USBTC; new board and officers effective Nov 30, 2023
Merger of equals closed: Hut 8 Mining and USBTC become wholly-owned subsidiaries of New Hut; exchange ratios: 0.2000 (Hut 8) and 0.6716 (USBTC).
On August 6, 2024, Hut 8 Corp. (the “Company”) announced the appointment of Sean Glennan as the Company’s Chief Financial Officer, effective August 21, 2024
On August 6, 2024, the Company announced the departure of Shenif Visram as the Company’s Chief Financial Officer, effective as of the close of business on August 20, 2024, for personal, family-related reasons.
the Company notified Jaime Leverton of her termination, without cause, as the Company’s Chief Executive Officer and all positions as an employee or officer of the Company and its subsidiaries, effective immediately
On February 6, 2024, Hut 8 Corp. (the “Company”) determined that Asher Genoot, President of the Company, will succeed Jaime Leverton as Chief Executive Officer, effective immediately
Ms. Leverton also resigned as a member of the Board of Directors of the Company effective February 12, 2024.
On January 22, 2024, Matt Prusak notified Hut 8 Corp. (the “Company”) of his decision to resign from his position as the Company’s Chief Commercial Officer, effective January 31, 2024, in order to pursue other opportunities.
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
Michael Ho 30 Chief Strategy Officer and Director
Matthew Prusak 30 Chief Commercial Officer
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
Jaime Leverton 45 Chief Executive Officer and Director
each of the following former members of the Hut 8 board of directors was designated and appointed to the New Hut Board: Jaime Leverton, Bill Tai, Carl J. Rickertsen, Alexia Hefti and Joseph Flinn; and each of the following former members of the USBTC board of directors was designated and appointed to the New Hut Board: Asher Genoot, Michael Ho, Stanley O’Neal, Mayo A. Shattuck III and Amy Wilkinson.
Max materiality 0.90 · Median 0.75 · Most common event debt