Hut 8 Q2 FY26 net loss widens to USD 177.1 million; revenue rises 81.44% to USD 74.9 million
HUT•Hut 8 reports wider Q2 FY26 loss as revenue rises
- Hut 8 posted a GAAP net loss of USD 177.1 million, swinging from profit a year earlier; revenue rose to USD 74.9 million.
- GAAP operating loss widened to USD 206.3 million, while GAAP diluted loss per share was USD 1.27.
- Non-GAAP adjusted EBITDA increased to USD 10.4 million from USD 4.2 million a year earlier.
- Contracted AI data center capacity reached 949 MW, with expected aggregate base-term contract value of about USD 26.6 billion and expected average annual NOI above USD 1.75 billion.
- The company closed USD 7.5 billion of senior secured notes project financing; Beacon Point was fully commercialized with a second 15-year 352 MW IT lease signed after quarter-end.
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