Hut 8 (HUT) reported a Q4 net loss Wednesday of $279.7 million, swinging from income of $152.2 million a year earlier.

Revenue for the quarter ended Dec. 31 was $88.5 million, compared with $31.7 million a year earlier.

Analysts surveyed by FactSet expected $94.3 million.

The company's shares were down 6.5% in recent premarket activity.