Hut 8 Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hut 8 Corp. reported revenue of $235.1M.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Total revenue | $235.1M | — |
| Total cost of revenue | $107.8M | — |
| Depreciation and amortization | $101.9M | — |
| General and administrative expenses | $122.8M | — |
| Losses (gains) on digital assets | $220.0M | — |
| Loss (gain) on sale of property and equipment | $4.6M | — |
| Total operating expenses (income) | $449.3M | — |
| Operating (loss) income | ($322.0M) | — |
| Foreign exchange gain (loss) | $3.4M | — |
| Interest expense | ($30.1M) | — |
| Asset contribution costs | ($22.8M) | — |
| Gain on derivatives | $61.5M | — |
| Gain on other financial liability | $956.0K | — |
| Gain on warrant liability | $384.0K | — |
| Equity in earnings of unconsolidated joint venture | $8.7M | — |
| Total other income (expense) | $22.2M | — |
| (Loss) income from continuing operations before taxes | ($299.8M) | — |
| Income tax benefit (provision) | $51.8M | — |
| Net (loss) income from continuing operations | ($248.0M) | — |
| Net (loss) income | ($248.0M) | $1.3M |
| Less: Net loss attributable to non-controlling interests | $21.8M | — |
| Net (loss) income attributable to Hut 8 Corp. | ($226.1M) | — |
| Basic from continuing operations attributable to Hut 8 Corp. (in dollars per share) | -$2.14 | — |
| Diluted from continuing operations attributable to Hut 8 Corp. (in dollars per share) | -$2.14 | — |
| Basic (in shares) | 105.3M | — |
| Diluted (in shares) | 105.3M | — |
| Foreign currency translation adjustments | $35.2M | — |
| Total comprehensive (loss) income | ($212.8M) | — |
| Less: Comprehensive loss attributable to non-controlling interest | $21.8M | — |
| Comprehensive (loss) income attributable to Hut 8 Corp. | ($191.0M) | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $74.9M | $71.0M | — | $41.3M |
| Total cost of revenue | $26.9M | $25.5M | — | $21.8M |
| Depreciation and amortization | $39.7M | $38.4M | — | $19.5M |
| General and administrative expenses | $76.1M | $81.7M | — | $30.2M |
| Loss (gain) on digital assets | $138.6M | $295.7M | — | ($217.6M) |
| (Gain) loss on sale of property and equipment | ($33.0K) | — | — | ($312.0K) |
| Total operating expenses (income) | $254.4M | $415.8M | — | ($168.3M) |
| Operating (loss) income | ($206.3M) | ($370.4M) | — | $187.9M |
| Foreign exchange (loss) gain | ($3.2M) | ($2.7M) | — | $3.1M |
| Interest expense | ($51.2M) | ($9.2M) | — | ($8.4M) |
| Interest income | $27.1M | — | — | — |
| Gain (loss) on derivatives | $18.3M | — | — | ($18.4M) |
| (Loss) gain on other financial liability | ($98.0K) | ($661.0K) | — | ($181.0K) |
| Gain on warrant liability | $22.0K | $69.0K | — | — |
| Gain on sale of the Far North JV, net of transaction costs | $1.1M | $33.6M | — | — |
| Equity in earnings of unconsolidated joint venture | $5.7M | $6.4M | — | $1.1M |
| Total other (expense) income | ($2.3M) | $68.3M | — | ($22.8M) |
| Net (loss) income before income taxes | ($208.6M) | ($302.1M) | — | $165.1M |
| Income tax benefit (provision) | $31.5M | $48.9M | — | ($27.6M) |
| Net (loss) income | ($177.1M) | ($253.1M) | — | $137.5M |
| Less: Net loss (income) attributable to non-controlling interests | $27.0M | $33.3M | — | ($171.0K) |
| Net (loss) income attributable to Hut 8 Corp. | ($150.2M) | ($219.8M) | — | $137.3M |
| Basic attributable to Hut 8 Corp. (in dollars per share) | -$1.27 | -$1.98 | — | $1.32 |
| Diluted attributable to Hut 8 Corp. (in dollars per share) | -$1.27 | -$1.98 | — | $1.18 |
| Basic (in shares) | 118.5M | 111.1M | — | 104.2M |
| Diluted (in shares) | 118.5M | 111.1M | — | 119.0M |
| Foreign currency translation adjustments | ($12.7M) | ($9.3M) | — | $39.9M |
| Total comprehensive (loss) income | ($189.8M) | ($262.4M) | — | $177.4M |
| Less: Comprehensive loss (income) attributable to non-controlling interests | $27.0M | $33.3M | — | ($227.0K) |
| Comprehensive (loss) income attributable to Hut 8 Corp. | ($162.9M) | ($229.2M) | — | $177.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash | $44.9M | $85.0M |
| Restricted cash | $2.4M | $591.0K |
| Accounts receivable, net | $31.1M | $7.0M |
| Deposits and prepaid expenses | $189.3M | $52.7M |
| Derivative assets | $16.2M | $18.1M |
| Digital assets-pledged for miner purchase | $84.7M | $92.4M |
| Digital assets receivable | $812.0K | — |
| Assets held for sale | $38.7M | — |
| Total current assets | $408.2M | $256.8M |
| Derivative assets | $101.2M | — |
| Digital assets - held in custody | $662.0M | $525.2M |
| Digital assets - pledged for miner purchase | $242.9M | — |
| Digital assets - pledged as collateral | $396.6M | $331.9M |
| Property and equipment, net | $643.2M | $221.7M |
| Operating lease right-of-use asset | $18.5M | $20.6M |
| Deposits and prepaid expenses | $8.3M | $7.9M |
| Investment in unconsolidated joint venture | $45.2M | $82.0M |
| Other investments | $6.4M | $6.4M |
| Intangible assets, net | $11.1M | $13.3M |
| Goodwill | $210.1M | $53.1M |
| Total non-current assets | $2.3B | $1.3B |
| Total assets | $2.8B | $1.5B |
| Accounts payable and accrued expenses | $44.5M | $56.9M |
| Miner purchase liability, current portion | $100.9M | — |
| Deferred revenue | $1.5M | $6.2M |
| Operating lease liability, current portion | $2.9M | $2.7M |
| Loans, notes payable, and other financial liabilities, current portion | $199.9M | — |
| Income taxes payable | $115.0K | — |
| Liabilities held for sale | $25.8M | — |
| Total current liabilities | $375.6M | $154.0M |
| Miner purchase liability, less current portion | $332.2M | — |
| Operating lease liability, less current portion | $16.3M | $18.7M |
| Loans, notes payable, and other financial liabilities, less current portion | $210.2M | — |
| Deferred tax liabilities | $129.9M | $111.1M |
| Warrant liability | $146.0K | — |
| Total non-current liabilities | $688.7M | $384.3M |
| Total liabilities | $1.1B | $538.3M |
| Common stock, $0.01 par value; 1,000,000,000 shares authorized; 110,091,358 and 99,478,012 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 1.1M | 995.0K |
| Additional paid-in capital | $1.4B | $789.6M |
| Retained earnings | $5.5M | $231.6M |
| Accumulated other comprehensive loss | ($10.4M) | ($45.6M) |
| Total Hut 8 Corp. stockholders' equity | $1.4B | $976.7M |
| Non-controlling interests | $267.5M | $3.9M |
| Total equity | $1.7B | $980.6M |
| Total liabilities and equity | $2.8B | $1.5B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash | $233.6M | $160.0M | $33.5M | $216.3M |
| Restricted cash and cash equivalents | $6.8B | — | — | — |
| Accounts receivable, net | $11.9M | $7.2M | $6.7M | $8.5M |
| Deposits and prepaid expenses | $47.0M | $48.1M | $40.4M | $71.1M |
| Derivative assets | $5.0M | — | $4.2M | $3.1M |
| Digital assets receivable | $581.0K | $646.0K | $19.6M | — |
| Total current assets | $7.1B | $216.6M | $223.4M | $411.3M |
| Derivative assets | $175.0M | $161.7M | $63.7M | — |
| Digital assets - held in custody | $567.3M | $435.7M | $522.2M | $819.2M |
| Digital assets - pledged for miner purchase | $184.9M | $210.8M | $110.4M | $103.7M |
| Digital assets - pledged as collateral | $290.3M | $477.5M | $657.6M | $220.2M |
| Property and equipment, net | $1.4B | $812.4M | $646.7M | $381.7M |
| Operating lease right-of-use asset | $29.5M | $17.5M | $19.0M | $20.1M |
| Deposits and prepaid expenses | $7.6M | $8.2M | $8.4M | $9.5M |
| Investment in unconsolidated joint venture | $39.6M | $43.6M | $50.2M | $84.4M |
| Other investments | $6.4M | $6.4M | $6.4M | $6.4M |
| Intangible assets, net | $9.2M | $10.2M | $11.9M | $12.8M |
| Goodwill | $208.0M | $209.2M | $206.6M | $55.8M |
| Total non-current assets | $2.9B | $2.4B | $2.5B | $1.6B |
| Total assets | $10.0B | $2.6B | $2.7B | $2.0B |
| Accounts payable and accrued expenses | $69.7M | $43.9M | $62.0M | $43.7M |
| Interest payable | $48.6M | — | — | — |
| Deferred revenue | $3.0M | $2.0M | $2.0M | $6.1M |
| Operating lease liability, current portion | $4.5M | $2.9M | $2.9M | $3.0M |
| Loans, notes payable, and other financial liabilities, current portion | $234.7M | $200.0M | $130.1M | $64.9M |
| Income taxes payable | $5.6M | $3.7M | — | — |
| Total current liabilities | $366.2M | $252.4M | $310.0M | $227.4M |
| Miner purchase liability, less current portion | $371.7M | $360.9M | $286.2M | — |
| Operating lease liability, less current portion | $25.9M | $15.3M | $16.8M | $17.8M |
| Loans, notes payable, and other financial liabilities, less current portion | $7.4B | $204.8M | $217.4M | $251.2M |
| Deferred tax liabilities | $53.5M | $86.1M | $187.8M | $118.4M |
| Warrant liability | $55.0K | $77.0K | $571.0K | — |
| Total non-current liabilities | $7.9B | $667.1M | $724.6M | $405.6M |
| Total liabilities | $8.2B | $919.6M | $1.0B | $633.0M |
| Common stock, $0.01 par value; 1,000,000,000 shares authorized; 123,190,559 and 110,091,358 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1.2M | 1.1M | 1.1M | 1.0M |
| Additional paid-in capital | $1.8B | $1.6B | $1.2B | $1.0B |
| (Accumulated deficit) retained earnings | ($364.6M) | ($214.4M) | $285.2M | $235.1M |
| Accumulated other comprehensive loss | ($32.4M) | ($19.7M) | ($21.0M) | ($4.5M) |
| Total Hut 8 Corp. stockholders' equity | $1.4B | $1.4B | $1.4B | $1.3B |
| Non-controlling interests | $311.4M | $310.3M | $211.6M | $121.6M |
| Total equity | $1.8B | $1.7B | $1.7B | $1.4B |
| Total liabilities and equity | $10.0B | $2.6B | $2.7B | $2.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net (loss) income | ($248.0M) | $331.4M |
| Depreciation and amortization | $101.9M | $47.8M |
| Amortization of operating right-of-use assets | $2.6M | $1.6M |
| Non-cash lease expense | $2.4M | $2.0M |
| Stock-based compensation | $57.8M | $20.8M |
| Equity in earnings of unconsolidated joint venture | ($8.7M) | ($10.4M) |
| Distributions of earnings from unconsolidated joint venture | $45.6M | $11.0M |
| Compute revenue related to ASIC compute | ($186.9M) | — |
| Losses (gains) on digital assets | $220.0M | ($509.3M) |
| Deferred tax assets and liabilities | ($54.6M) | $111.8M |
| Foreign exchange (gain) loss | ($3.4M) | $5.0M |
| Amortization of debt discount | $508.0K | $4.2M |
| Loss (gain) on sale of property and equipment | $4.6M | ($634.0K) |
| Gain on derivatives | ($61.5M) | ($6.8M) |
| Gain on other financial liability | ($956.0K) | — |
| Gain on warrant liability | ($384.0K) | — |
| Paid-in-kind interest expense | $18.0M | $15.2M |
| Asset contribution costs | $22.8M | — |
| Accounts receivable, net | ($26.4M) | ($719.0K) |
| Deposits and prepaid expenses | ($9.9M) | ($5.6M) |
| Income taxes receivable | $732.0K | ($1.1M) |
| Income taxes payable | $115.0K | — |
| Accounts payable and accrued expenses | ($5.6M) | ($8.3M) |
| Deferred revenue | ($4.7M) | $3.5M |
| Operating lease liabilities | ($5.1M) | ($3.8M) |
| Net cash used in operating activities | ($139.2M) | ($68.5M) |
| Proceeds from sale of digital assets | $3.7M | $74.5M |
| Bitcoin purchased | ($405.1M) | ($100.7M) |
| Other digital asset purchased | ($25.0M) | — |
| Deposit paid to purchase miners and mining equipment | ($14.0M) | ($39.6M) |
| Deposits for future sites | ($162.7M) | — |
| Purchases of property and equipment | ($202.9M) | ($124.0M) |
| Proceeds from sale of property and equipment | $5.9M | $4.9M |
| Cash received from Bitmain deposit refund | $46.0M | — |
| Additions to intangible assets | ($1.0M) | ($286.0K) |
| Cash acquired on completion of the Business Combination | $1.0M | — |
| Net cash (used in) provided by investing activities | ($754.2M) | ($188.5M) |
| Proceeds from loans payable | $135.0M | $14.8M |
| Proceeds from subsidiary warrants exercised | $6.0K | — |
| Net proceeds from covered call options premium | $9.5M | $22.2M |
| Repayments of loans payable | ($45.6M) | ($34.0M) |
| Deferred financing fees related to loan payable | ($38.0K) | — |
| Principal payments on finance lease | ($4.0M) | ($2.7M) |
| Proceeds from the issuance of common stock - stock option exercises | $329.0K | $576.0K |
| Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs | $314.4M | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net (loss) income | ($430.3M) | ($253.1M) | $53.8M | $3.2M |
| Depreciation and amortization | $78.2M | $38.4M | $62.2M | $34.4M |
| Amortization of operating right-of-use assets | $1.6M | $679.0K | $1.9M | $1.3M |
| Non-cash lease expense | $1.1M | $551.0K | $1.8M | $1.2M |
| Stock-based compensation | $102.1M | $50.9M | $17.8M | $11.4M |
| Equity in earnings of unconsolidated joint venture | ($12.1M) | ($6.4M) | ($4.6M) | ($2.4M) |
| Distributions of earnings from unconsolidated joint venture | $17.7M | $8.0M | $36.5M | — |
| ASIC compute revenue | ($129.4M) | ($62.1M) | — | — |
| Loss (gain) on digital assets | $434.3M | $295.7M | ($181.8M) | ($105.2M) |
| Deferred tax assets and liabilities | ($85.4M) | ($52.3M) | $26.2M | $7.1M |
| Foreign exchange loss (gain) | $5.9M | $2.7M | ($1.6M) | ($3.1M) |
| Amortization of debt discounts and issuance costs | $1.1M | — | — | — |
| (Gain) loss on sale of property and equipment | ($33.0K) | — | $3.6M | $2.1M |
| Gain on derivatives | ($59.1M) | ($40.8M) | ($7.6M) | ($2.5M) |
| Loss (gain) on other financial liability | $759.0K | $661.0K | ($721.0K) | ($958.0K) |
| Gain on warrant liability | ($91.0K) | ($69.0K) | ($26.0K) | — |
| Gain on sale of the Far North JV, net of transaction costs | ($34.7M) | ($33.6M) | — | — |
| Paid-in-kind interest expense | $3.2M | $1.8M | $16.0M | $13.6M |
| Accounts receivable, net | $18.5M | $23.3M | $542.0K | ($1.2M) |
| Deposits and prepaid expenses | $4.0M | $758.0K | ($17.6M) | ($19.6M) |
| Income taxes receivable | $341.0K | $341.0K | ($1.4M) | ($1.4M) |
| Income taxes payable | $5.5M | $3.6M | — | — |
| Accounts payable and accrued expenses | ($592.0K) | ($5.5M) | $6.7M | $1.6M |
| Interest payable | $45.5M | — | — | — |
| Deferred revenue | $1.6M | $512.0K | ($4.2M) | ($52.0K) |
| Operating lease liabilities | ($2.6M) | ($1.3M) | ($3.8M) | ($2.5M) |
| Net cash used in operating activities | ($32.8M) | ($27.2M) | ($81.9M) | ($82.6M) |
| Bitcoin purchased | ($65.3M) | ($61.3M) | ($287.8M) | — |
| Deposits for future sites | ($18.4M) | ($16.8M) | — | — |
| Purchases of property and equipment | ($616.2M) | ($36.6M) | ($147.9M) | ($108.7M) |
| Proceeds from sale of property and equipment | $49.0K | — | $5.2M | $4.4M |
| Net proceeds from sale of the Far North JV, net of cash divested | $64.8M | $63.6M | — | — |
| Net cash used in investing activities | ($635.1M) | ($51.2M) | ($451.8M) | ($101.5M) |
| Proceeds from loans and notes payable | $7.7B | — | — | — |
| Repayments of loans and notes payable | ($217.7M) | — | — | — |
| Debt issuance costs paid | ($84.5M) | — | — | — |
| Principal payments on finance lease | ($957.0K) | ($957.0K) | ($2.2M) | ($970.0K) |
| Settlement of finance lease obligation in connection with sale of the Far North JV | ($20.8M) | ($20.8M) | — | — |
| Cash paid to buyout non-controlling interest of the Far North JV | ($10.0M) | ($10.0M) | — | — |
| Proceeds from the issuance of common stock - stock option exercises | $10.3M | $48.0K | $218.0K | $138.0K |
| Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs | $120.1M | $120.1M | $154.8M | $112.0M |
| Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs | $144.1M | $110.5M | $88.0M | — |
| Net cash provided by financing activities | $7.6B | $191.0M | $487.6M | $320.8M |
| Effect of exchange rate changes on cash, restricted cash, and cash equivalents | ($572.0K) | ($591.0K) | $84.0K | $69.0K |
| Net increase (decrease) in cash, restricted cash, and cash equivalents | $7.0B | $112.0M | ($46.0M) | $136.7M |
Hut 8 Corp. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.