The financials
Hut 8 Corp. by the numbers
Hut 8 Corp. (HUT) reported revenue of $71M in Q1 2026 (quarter ended Mar 31, 2026), up 226% from the same quarter a year earlier. That came with a gross margin of 64% and net loss of $220M. For the full year FY2025, revenue was $235M (+45% year on year) and net income −$226M. Its largest product in Jun 2026 was High Performance Computing Colocation And Cloud at $72M, 97% of the disclosed total, well ahead of Digital Infrastructure at 1.7%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $71M | $22M | +226% |
| Gross profit | $45M | $3.2M | +1341% |
| Operating income | −$370M | −$148M | n/a |
| Net income | −$220M | −$134M | n/a |
| Diluted EPS | −$1.98 | −$1.30 | n/a |
| Product | Revenue | Share |
|---|---|---|
| High Performance Computing Colocation And Cloud | $72M | 97% |
| Digital Infrastructure | $1.3M | 1.7% |
| Power | $1.2M | 1.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $74.9M (+5.5%)
High Performance Computing Colocation And Cloud grew +111% year on yearPower -79% year on year
Segment Latestquarter on quarteryear on year
- High Performance Computing Colocation And Cloud$72.5M$72.5MQoQ +9.8%year on year +111%+9.8%+111%
- Digital Infrastructure$1.3M$1.3MQoQ -1.4%year on year -15%-1.4%-15%
- Power$1.2M$1.2MQoQ -69%year on year -79%-69%-79%
Capital Markets
Ranks #3 of 33 by Smart Score