NASDAQ$HUT

Hut 8 Mining Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Hut 8 reported Q4 2025, revenue of $88.5M, a net loss of $301.8M.

For Q4 2025, Hut 8 reported revenue of $88.5M, a net loss of $301.8M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $88.5M.
  • Net loss $301.8M.
  • Hut 8 MD&A covers liquidity, operations, and outlook.

Headline financials

Total Revenue

$88.5M

Previous: $31.7M+179.2%
EPS (adj)

-$2.14

Previous: $2.10-201.9%
Energy Capacity Under Management

1.0K

No prior period
Energy Capacity Under Development

1.2K

No prior period
Energy Capacity Under Diligence

5.2K

No prior period
Energy Capacity Under Exclusivity

1.8K

No prior period
Cash and Bitcoin Reserve

$1.4B

No prior period
Net Income

-$302M

Previous: $152M-298.6%
Operating Income

-$435M

Previous: $282M-254.3%

Revenue & EPS history

Hut 8 · Revenue · Quarterly

$88.5M

Q4 2025+179.2%vs Q4 2024
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Revenue by segment

Hut 8 · $41.3M total across 3 segments · Q2 2025

  • Compute
    $34.3M—
  • Power
    $5.49M—
  • Digital Infrastructure
    $1.51M—

Forward guidance

Hut 8 is expanding power and compute infrastructure while navigating digital asset mark-to-market volatility.

Tailwinds

  • Q4 revenue $88.5M versus $31.7M prior year.
  • Energy infrastructure platform integrating power and compute.
  • Balance sheet supports multi-segment growth initiatives.

Headwinds

  • Q4 net loss $301.8M on $401.9M unrealized digital asset losses.
  • Bitcoin and crypto price swings drive GAAP earnings volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+2.3%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+7.1%

Avg return

30 days after

41%

13 / 32 earnings

Positive

+35.3%

Q1 2026

Best reaction

-14.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+35.3%+26.9%+39.3%
Q4 2025-6.6%-10.9%-19.9%
Q3 2025-12.5%-18.9%-22.2%
Q1 2025+11.9%+30.3%+46.7%
Q4 2024-4.5%-8.4%-9.2%
Q3 2024-3.0%+4.9%+14.5%
Q2 2024-3.7%+1.3%-4.4%
Q1 2024+14.5%+27.7%+44.8%
Q4 2023+9.7%-4.9%-10.6%
Q3 2023-1.5%-6.4%-5.3%
Q2 2023-11.2%-19.2%-29.3%
Q1 2023-4.9%+1.1%+4.4%
Q4 2022-14.9%+13.5%+13.5%
Q3 2022-7.5%-17.3%-42.2%
Q2 2022+29.9%+22.9%-13.3%
Q1 2022+12.3%+8.6%-23.0%
Q4 2021+10.7%+12.7%-15.2%
Q3 2021+8.4%-1.3%-37.7%
Q2 2021-7.1%-16.3%+38.4%
Q1 2021+9.1%+12.3%-24.5%
Q4 2020+4.8%+6.5%+30.6%
Q3 2020-1.6%+1.4%+31.9%
Q2 2020+19.8%+8.7%+26.0%
Q1 2020-11.2%+9.7%+25.4%
Q4 2019+1.3%+3.0%+42.9%
Q3 2019-1.2%-3.1%-13.5%
Q2 2019-4.3%-8.9%-19.9%
Q1 2019-4.3%+23.7%+80.2%
Q4 2018+4.6%+29.4%+34.7%
Q3 2018+0.0%+14.8%-0.5%
Q2 2018+0.0%+6.3%+15.0%
Q1 2018+0.0%+0.0%+31.0%
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———

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