Hut 8 Reports Q3 2026 Earnings with $131.1 Million Net Income Driven by Digital Asset Gains
Hut 8 Corp. (HUT) reported third-quarter 2026 results characterized by a significant net income of $131.1 million, largely driven by a $413.8 million gain on digital assets. While total revenue reached $71.1 million—impacted by the sale of the Far North portfolio and lower realized Bitcoin mining revenue—Adjusted EBITDA rose to $33 million compared to $30.5 million in the prior year. The company is aggressively pivoting toward a power-first energy infrastructure model, boasting 949 MW of contracted IT capacity linked to approximately $27 billion in long-term AI data center lease revenue. Hut 8 also maintains a massive development pipeline of 7,859 MW and recently completed a $250 million share repurchase program funded by the sale of Bitcoin.
Tickers: $HUT
Topics: bitcoin mining data center infrastructure digital assets net income revenue share buybacks