Hut 8 publishes Q2 2026 earnings call transcript
HUT•Hut 8 reported revenue of $74.9 million, up approximately 81% year over year, and gross margin of approximately 64%. Its GAAP net loss was $177.1 million, primarily due to a $138.6 million digital asset loss.
1. Quarterly results and projects
A second Beacon Point lease lifted Hut 8’s contracted AI data center capacity to approximately 949 MW, with $26.6 billion in base-term value. Management raised $7.5 billion through investment-grade senior secured notes for River Bend and Beacon Point construction, without parent recourse. CEO Asher Genoot, CFO Sean Glennan and investor relations head Mark Eidelman took part in the earnings call.
