The financials
Hut 8 Corp. by the numbers
Hut 8 Corp. (HUT) reported revenue of $71M in Q1 2026 (quarter ended March 31, 2026), up 226% from the same quarter a year earlier. That came with a gross margin of 64% and net loss of $220M. For the full year FY2025, revenue was $235M (+45% year on year) and net income −$226M. Its largest product in 2026-Q1 was High Performance Computing Colocation And Cloud at $66M, 93% of the disclosed total, just ahead of Power at 5.3%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $71M | $22M | +226% |
| Gross profit | $45M | $3.2M | +1341% |
| Operating income | −$370M | −$148M | n/a |
| Net income | −$220M | −$134M | n/a |
| Diluted EPS | −$1.98 | −$1.30 | n/a |
| Product | Revenue | Share |
|---|---|---|
| High Performance Computing Colocation And Cloud | $66M | 93% |
| Power | $3.7M | 5.3% |
| Digital Infrastructure | $1.3M | 1.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $71.0M (-15%)
High Performance Computing Colocation And Cloud grew +309% year on yearPower -15% year on year
Segment Latestquarter on quarteryear on year
- High Performance Computing Colocation And Cloud$66.0M$66.0MQoQ -5.8%year on year +309%-5.8%+309%
- Power$3.7M$3.7MQoQ -55%year on year -15%-55%-15%
- Digital Infrastructure$1.3M$1.3MQoQ -74%year on year -1.1%-74%-1.1%
Capital Markets
Ranks #3 of 40 by Smart Score