Hut 8 Corp
hut8.comWhat Do They Do?
Builds and operates data centers, cloud infrastructure, and specialized computing for AI developers, enterprises, and other energy-intensive technology users.
10-K for FY2025, filed Feb 25, 2026Our platform consists of three layers: Power, Digital Infrastructure, and Compute. Together, these layers form a vertically integrated…View ↗
Digital Infrastructure. We design, build, commercialize, and operate purpose-built data center facilities for next-generation…View ↗
Compute. We own, operate, and scale purpose-built businesses that acquire, deploy, and monetize specialized hardware for next-generation…View ↗
Hut 8 Canada. Hut 8 Canada, formerly known as Hut 8 High Performance Computing, provides data center and cloud infrastructure services…View ↗
Highrise AI. Highrise AI is an AI Cloud business wholly owned by Hut 8, offering a cloud infrastructure platform purpose-built for AI.…View ↗
How Do They Make Money?
For its High Performance Computing, Colocation And Cloud business, AI data-center tenants lease IT capacity under long-term agreements; colocation customers pay monthly over their service contracts. Mining-hosting customers may pay cash or a share of Bitcoin mined, while grid operators pay for capacity over contract terms and for electricity when delivered.
10-K for FY2025, filed Feb 25, 2026AI Infrastructure Partnership and River Bend Transaction. In December 2025, we announced a strategic partnership with Anthropic, PBC…View ↗
Monthly recurring revenue (“MRR”) from colocation services are recognized as service revenue ratably over the enforceable term of…View ↗
Consideration to which the Company is entitled under its hosting services agreements can be cash and, in some cases, noncash (Bitcoin) in…View ↗
Capacity revenue is recognized over time as the Company satisfies its performance obligation by making its power generation capacity…View ↗
Electricity sales revenue is recognized at the point in time when control of the electricity is transferred to the grid operator, based on…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$235.1M
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10-K for FY2025, filed Feb 25, 2026
$235.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Power
|
9.9% |
Power, FY2025
$23.2M Sources
|
|
|
Digital Infrastructure
|
4.1%
FY2021: 7.6%
|
Digital Infrastructure, FY2025
$9.6M Sources
|
|
|
High Performance Computing, Colocation And Cloud
Recurring
10-K for FY2025, filed Feb 25, 2026 |
86%
FY2021: 92%
|
High Performance Computing, Colocation And Cloud, FY2025
$202.3M Sources
|
Recurring |
Who Are Their Customers?
Fluidstack is expected to be the River Bend data-center tenant, with Google expected to back lease payments; Hut 8 Canada serves cloud and colocation customers in technology, financial services, government, and media.
10-K for FY2025, filed Feb 25, 2026Through our Digital Infrastructure layer, we aim to support energy-intensive workloads such as AI and ASIC compute for third-party…View ↗
Do Revenues Turn Into Profits?
No. It lost $226.1M in FY2025.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 4, 2026
−$150.2MView ↗
- ▼ Now a loss
- vs $137.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Jul 20, 2026
Signs a second 15-year lease for Beacon Point’s AI data center
The 352 MW lease brings contracted capacity at Beacon Point to 704 MW and fully commercializes the campus.
Sources
8-K, filed Jul 20, 2026
MIAMI, July 20, 2026 – Hut 8 Corp. (Nasdaq, TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power…View ↗
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