Compute · Bitcoin · Crypto Briefing
Hut 8 posts $189.5 million Q3 profit as revenue falls short of estimates
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Digital asset gains lifted the bottom line while a second 352 MW lease at Beacon Point fully commercialized the Texas AI campus.
Key facts
- The miner-turned-infrastructure company posted third-quarter 2026 revenue of $71.1 million, below consensus expectations of $76-77 million
- Of the $189.5 million in net income, $131.1 million was attributable to Hut 8 itself
- On the financing side, Hut 8 closed a $1.07 billion senior secured revolving credit facility in September 2026
- Net income came in at $189.5 million, powered mostly by a $413.8 million gain on digital assets
Summary
Hut 8 reported a quarter where revenue shrank and profit more than tripled. The miner-turned-infrastructure company posted third-quarter 2026 revenue of $71.1 million, below consensus expectations of $76-77 million. Hut 8, which trades on NASDAQ and the TSX under the ticker HUT, released results on November 4. Profit tells a different story.