Highest-materiality recent filing
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.
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.
Max materiality 0.90 · Median 0.75 · Most common event earnings