Hut 8 reported FY 2025 total revenue of USD 235.1 million (+44.8%), including Compute revenue of USD 202.3 million (+150.7%), Power revenue of USD 23.2 million (-59.0%), and Digital Infrastructure revenue of USD 9.6 million (-45.2%). Net loss for FY 2025 was USD 248.0 million, and net loss attributable to shareholders was USD 226.1 million. Adjusted EBITDA for FY 2025 was USD (135.4) million. Depreciation and amortization was USD 101.9 million (+113.3%), general and administrative expenses were USD 122.8 million (+68.4%), and loss on digital assets was USD 220.0 million (compared with a gain in FY 2024). Business updates for FY 2025 included a December 2025 AI infrastructure partnership with Anthropic and Fluidstack, featuring a 15-year, triple-net lease for 245 MW of AI data center IT capacity at Hut 8’s River Bend campus in Louisiana; the lease has an approximately USD 7.0 billion base contract value (potentially USD 17.7 billion with renewal options) and is supported by a financial backstop from Google for the initial 15-year term. Hut 8 also announced in November 2025 the sale of its 310 MW portfolio of four natural gas-fired power plants in Ontario to TransAlta, which closed on February 2, 2026, following the award of five-year IESO capacity contracts across the portfolio. In March 2025, Hut 8 launched American Bitcoin, and in September 2025 the business began trading on Nasdaq under the ticker ABTC following a merger with Gryphon; Hut 8 remained the exclusive infrastructure and operations partner via long-term agreements (fees eliminated in consolidation). Hut 8 also highlighted the June 2025 energization of its 205 MW Vega facility in Texas and the April 2025 completion of a miner fleet upgrade that increased deployed hashrate to approximately 9.3 EH/s and improved average fleet efficiency to approximately 20 J/TH.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hut 8 Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-019392), on February 25, 2026, and is solely responsible for the information contained therein.