Press Release

Hut 8 Reports Third Quarter 2026 Results

Nov 4, 2026
Posted by  Hut 8

  • Disciplined execution broadens Hut 8’s origination platform, advances contracted projects toward delivery, and expands committed, non-dilutive funding capacity
  • Hut 8 fully commercializes Beacon Point AI data center campus and advances 1,300 MW of energy capacity to exclusivity
  • Company closes $1.07 billion revolving credit facility, returns $250.0 million to shareholders through share repurchases, and increases total repurchase authorization to $1.0 billion subsequent to quarter-end
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Notes
  1. Excludes 1,000 MW of potential expansion capacity at River Bend (subject to the expansion of power at the site), for which Fluidstack holds a ROFO under the River Bend lease.
  2. Excludes 710 MW of Energy Capacity Under Management, which comprises all power-related assets, including managed services, ASIC and Central Processing Unit (“CPU”) infrastructure, ASIC compute, and non-operational sites.
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Notes
  1. Net of the accretion of fair value differences of depreciable and amortizable assets included in equity in earnings of unconsolidated joint venture in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) in accordance with ASC 323. See Note 9. Investment in unconsolidated joint venture of our Unaudited Condensed Consolidated Financial Statements for further detail.
  2. There were no non-recurring transactions for the three months ended September 30, 2026. Non-recurring transactions for the three months ended September 30, 2025 primarily represent approximately $2.9 million of American Bitcoin related transaction costs.