Hut 8 Corp. is a premier cryptocurrency and blockchain infrastructure provider based in Canada, recognized as one of North America’s largest publicly traded Bitcoin miners. The company is committed to sustainable energy practices, operating extensive data centers that cater to both institutional and retail clients. By leveraging cutting-edge technology and adapting to the dynamic market landscape, Hut 8 is well-equipped to satisfy the growing institutional demand for cryptocurrency solutions, positioning itself as a leader in the sector.
| Revenue (TTM) | $305.51M |
| Gross Profit (TTM) | $187.84M |
| EBITDA | $-544.23M |
| Operating Margin | 443.10% |
| Return on Equity | -30.30% |
| Return on Assets | -6.74% |
| Revenue/Share (TTM) | $2.65 |
| Book Value | $12.75 |
| Price-to-Book | 3.53 |
| Price-to-Sales (TTM) | 20.69 |
| EV/Revenue | 42.6 |
| EV/EBITDA | 11.63 |
| Quarterly Earnings Growth (YoY) | 125.70% |
| Quarterly Revenue Growth (YoY) | -14.90% |
| Shares Outstanding | $120.04M |
| Float | $100.34M |
| % Insiders | 8.78% |
| % Institutions | 84.15% |
Volatility is currently expanding
Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.
Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.
Hut 8's Q3 earnings missed estimates, but $27B in AI data center leases, $7.5B in project financing and expanding power capacity highlight its growth ambitions.
Hut 8 Corp. ( HUT ) Q3 2026 Earnings Call November 4, 2026 8:30 AM EST Company Participants Asher Genoot - Co-Founder, CEO & Non-Independent Director Sean Glennan - Chief Financial Officer Conference Call Participants Ryan Gravett - UBS Investment Bank, Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division Bryan Baratian - ROTH Capital Partners, LLC George Sutton - Craig-Hallum Capital Group LLC, Research Division Benjamin Sommers - BTIG, LLC, Research Division John Todaro - Needham & Company, LLC, Research Division Patrick Moley - Piper Sandler & Co., Research Division Logan Hennen - Northland Capital Markets, Research Division Richard Choe - JPMorgan Chase & Co, Research Division Christopher Brendler - Rosenblatt Securities Inc., Research Division Nick Giles - B. Riley Securities, Inc., Research Division Dillon Heslin - Lucid Capital Markets, LLC, Research Division Brett Knoblauch - Cantor Fitzgerald & Co., Research Division Presentation Operator Good morning, and welcome to Hut 8's Third Quarter 2026 Financial Results Conference Call.
Hut 8 just liquidated a massive chunk of its Bitcoin war chest to buy back its own stock, and the market punished it hard.
Hut 8 NASDAQ: HUT reported third-quarter revenue of $71.1 million, down from $83.5 million a year earlier, while adjusted EBITDA rose to $33 million from $30.5 million as the company continued to expand its operating capacity and advance its AI data center development strategy.
Although the revenue and EPS for Hut 8 (HUT) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hut 8 (HUT) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $1.06. This compares to a loss of $0.07 per share a year ago.
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 Earnings Release Highlights Fully commercialized the Beacon Point campus, signing a second 352 MW IT lease with the Phase 1 tenant (the "Phase 2 lease") bringing expected aggregate base-term contract value across the Company's AI data center portfolio to approximately $26.6 billion. Broadened the scope of Hut 8's power-first origination model across geographies and channels, increasing Energy Capacity Under Exclusivity by 1,300 MW to 3,180 MW across multiple regions, and entered into definitive agreements to acquire two energized sites in Texas with up to 230 MW of utility capacity at full energization, subject to final power approvals and infrastructure development.
Hut 8 Corp. HUT is slated to release third-quarter 2026 results on Nov. 4, before market open. The company's quarterly results are likely to display a decrease in both revenues and earnings per share.
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