Hut 8 Secures $7B, 245MW AI Lease While Reporting Wider Q4 Loss
Hut 8 reported a Q4 loss of $2.63 per share on $88.5M revenue, missing consensus of a $0.43 loss on $103.1M. The company secured a 15-year, 245MW lease worth $7B and ended 2025 with $1.4B in cash and Bitcoin reserves to boost its AI data-center expansion.
1. Q4 Earnings Miss
Hut 8 reported a fourth-quarter net loss of $2.63 per share on $88.5 million revenue, wider than the $0.43 per-share loss expected on $103.1 million. Revenue more than doubled from $31.7 million in Q4 2024.
2. AI-Focused Power Lease
The company highlighted its power-first AI strategy by signing a 15-year, 245-megawatt IT lease at the River Bend campus with Fluidstack, carrying $7 billion in base-term contract value and financially backed by Google.
3. Financial Position & Pipeline
Hut 8 closed 2025 with approximately $1.4 billion in cash and bitcoin reserves, arranged up to $400 million in credit facilities, and outlined an 8,500-megawatt development pipeline to scale high-density data centers across North America.