Form 8-K
8-K — Hut 8 Corp.
Accession: 0001104659-26-090041
Filed: 2026-08-04
Period: 2026-08-04
CIK: 0001964789
SIC: 6199 (FINANCE SERVICES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — tm2621890d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2621890d1_ex99-1.htm)
GRAPHIC (tm2621890d1_ex99-1img001.jpg)
GRAPHIC (tm2621890d1_ex99-1img01.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2621890d1_8k.htm · Sequence: 1
false
0001964789
0001964789
2026-08-04
2026-08-04
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 4, 2026
Hut
8 Corp.
(Exact name of registrant as specified in its charter)
Delaware
001-41864
92-2056803
(State
or other Jurisdiction of
incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
777 Brickell Avenue, Suite 200
Miami, Florida
33131
(Address of Principal Executive Offices)
(Zip
Code)
Registrant’s Telephone Number,
Including Area Code: (305) 224-6427
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title of each
class
Trading
Name of each
exchange on which registered
Common Stock, par value $0.01 per share
HUT
The Nasdaq
Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and
Financial Condition.
On August
4, 2026, Hut 8 Corp. (the “Company”) issued a press release announcing its financial results for the three and six months
ended June 30, 2026. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
The
information in this Item 2.02 and Exhibit 99.1 attached hereto is being furnished to the U.S. Securities and Exchange Commission and shall
not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set
forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.
Description
99.1
Press Release of the Company, dated August 4, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HUT 8 CORP.
(Registrant)
Date: August 4, 2026
By:
/s/ Victor Semah
Name:
Victor Semah
Title:
Chief Legal Officer & Corporate Secretary
3
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2621890d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Hut 8 Reports Second Quarter 2026 Results
Power-first execution model compounds
across the Company’s first two AI data center campuses
949 MW of contracted IT capacity, approximately
$26.6 billion of expected aggregate base-term contract value, more than $1.75 billion of expected average annual NOI, and $7.5 billion
of investment-grade project financing secured to date
Earnings Release Highlights
- Completed the commercialization of Hut 8's
first gigawatt-scale AI data center campus, signing, subsequent to quarter-end, a second
352 MW IT lease at Beacon Point.
- Closed $7.5 billion of fully amortizing investment-grade
project financing across two offerings in a single quarter, each on a non-dilutive basis
and without recourse to Hut 8 Corp.
- Scaled expected aggregate base-term contract
value across the portfolio to approximately $26.6 billion across 949 MW of contracted AI
data center capacity, representing more than $1.75 billion of expected average annual NOI,
leased or backstopped exclusively by investment-grade counterparties.
- Facilities representing 1,330 MW of utility
capacity in active construction across River Bend and Beacon Point, targeted for initial
data hall delivery in Q2 2027 and Q3 2027, respectively.
MIAMI, August 4, 2026 –
Hut 8 Corp. (Nasdaq, TSX: HUT) (“Hut 8” or the “Company”), an energy
infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies,
today reported its financial results for the second quarter of 2026.
Asher Genoot, CEO of Hut 8, said:
“In the second quarter, our power-first model drove significant commercial and financial milestones across our first two AI data
center campuses. To date, it has produced data center leases representing 949 MW of contracted IT capacity, approximately $26.6 billion
of expected aggregate base-term value leased or backstopped by investment-grade counterparties, more than $1.75 billion of expected average
annual NOI, and $7.5 billion of investment-grade construction financing.
“Three milestones during the quarter
and the weeks that followed demonstrated our momentum. At Beacon Point, our existing high-investment-grade tenant returned within months
of the Phase 1 lease to commit to a second 352 MW IT lease, commercializing the campus’s full one-gigawatt of utility capacity.
In the credit markets, we closed $7.5 billion across two investment-grade offerings in a single quarter, opening with our inaugural River
Bend financing and returning weeks later to execute on improved terms for Beacon Point Phase 1. Commitments of this depth from some of
the market’s most sophisticated counterparties underscore the strength of a model built to perform repeatedly at scale.
“Delivery is now our central priority.
We continue to apply the full weight of our organization to deliver River Bend and Beacon Point: operating rigor built through years
of developing energy-intensive infrastructure at scale and a team we continue to expand ahead of the growth to come. Bringing these campuses
online will put nearly a gigawatt of contracted IT capacity into service and establish the foundation from which we intend to build the
defining infrastructure platform of the AI era.”
Second Quarter 2026 Highlights
Power
- Generated $1.2 million in second quarter
revenue from Power Generation and Managed Services.
- Advanced, following the execution of the
Phase 2 lease subsequent to quarter-end, 500 MW of utility capacity from Beacon Point into
Energy Capacity Under Construction, increasing total Energy Capacity
Under Construction to
1,330 MW, comprising 330 MW at the River Bend campus and 1,000 MW at the Beacon Point campus.
Digital Infrastructure
- Generated $1.3 million in second quarter
revenue from Colocation services. An additional $27.0 million of Colocation revenue, including
reimbursements, from the Company’s share of the unconsolidated King Mountain Joint
Venture is recognized in the “Equity in earnings of unconsolidated joint venture”
line item.
- Advanced the buildout of River Bend, targeted
for initial data hall delivery in the second quarter of 2027. Progress during the quarter
included the commencement of vertical construction, continued construction of the campus
substation, and receipt of initial deliveries of long-lead equipment.
- Commenced the buildout of Beacon Point, with
construction of Phase 1 and the campus substation underway, targeted for initial energization
in the first quarter of 2027 and initial data hall delivery in the third quarter of 2027.
- Completed the commercialization of Hut 8's
first gigawatt-scale AI data center campus, signing, subsequent to quarter-end, a second
15-year, 352 MW IT lease at Beacon Point with the same high-investment-grade tenant as in
Beacon Point Phase 1, representing approximately $9.8 billion in expected base-term contract
value and approximately $655.0 million of expected average annual NOI on a triple-net, take-or-pay
basis and bringing total base-term contract value across the campus to approximately $19.6
billion and expected average annual NOI to approximately $1.3 billion. Renewal options increase
potential campus-level contract value to $50.2 billion.
Compute
- Generated $72.5 million in second quarter
revenue from ASIC Compute, AI Cloud, and Traditional Cloud solutions.
Capital Strategy and Balance Sheet
- Maintained a strong liquidity position, supported
by approximately $8.1 billion in unrestricted cash, restricted cash and cash equivalents,
and Bitcoin holdings, including $7.6 billion attributable to Hut 8 and $497.2 million attributable
to American Bitcoin, as of June 30, 2026.
- Closed $7.5 billion of fully amortizing investment-grade
project financing across two offerings, comprising $3.25 billion of senior secured notes
for the River Bend campus, the first investment-grade construction financing for a single-sponsor
data center project, and $4.25 billion of senior secured notes for Beacon Point Phase 1,
rated Baa2 and priced 20 basis points inside the issuance spread of the River Bend notes,
in each case on a non-dilutive basis and without recourse to Hut 8 Corp.
- Refinanced the Company's $200.0 million Bitcoin-backed
credit facility through a new facility with FalconX, reducing facility cost of debt from
9.0% to 7.0% and, upon the closing of the new facility, releasing approximately 3,300 BTC
from collateral. Following the conversion of the Company's $150.0 million Coatue convertible
note, Hut 8 carries no general recourse debt at the parent level.
- Advanced financing plans for Beacon Point
Phase 2, evaluating a range of structures consistent with the Company's disciplined approach
to funding campus development.
Development Pipeline
As of June 30, 2026, Hut 8’s
development pipeline totaled approximately 8,660 MW, including 5,400 MW of Energy Capacity Under Diligence, 1,880 MW of Energy Capacity
Under Exclusivity, 50 MW of Energy Capacity Under Development, and 1,330 MW of Energy Capacity Under Construction.
1. Excludes
1,000 MW of potential expansion capacity at River Bend (subject to the expansion of power
at the site), for which Fluidstack holds a ROFO under the River Bend lease.
2. Includes
500 MW of energy capacity at Beacon Point Phase 2, which advanced to Energy Capacity Under
Construction subsequent to June 30, 2026.
Select Second
Quarter 2026 Financial Results
Revenue for the three months ended June 30,
2026 was $74.9 million, compared to $41.3 million in the prior-year period, and consisted of $1.2 million in Power revenue, $1.3 million
in Digital Infrastructure revenue, and $72.5 million in Compute revenue.
Net loss for the three months ended
June 30, 2026 was $177.1 million, compared to net income of $137.5 million in the prior-year period. Net loss for the period included
$138.6 million of primarily unrealized losses on digital assets, compared to $217.6 million of primarily unrealized gains on digital
assets in the prior-year period.
Adjusted EBITDA for the three months
ended June 30, 2026 was $10.4 million, compared to $4.2 million in the prior-year period. Beginning with the three months ended
June 30, 2026, the Company has revised its definition of Adjusted EBITDA to exclude mark-to-market gains and losses on digital assets,
and presents Adjusted EBITDA inclusive of digital assets mark-to-market as a separate measure. Prior-period amounts have been recast
to conform to the current presentation. Adjusted EBITDA inclusive of digital assets mark-to-market for the three months ended June 30,
2026 was $(94.6) million, compared to $221.2 million in the prior-year period. Reconciliations of these non-GAAP measures to net loss
or net income, the most comparable GAAP measure, and explanations of these measures are provided in the tables included below in this
press release.
Conference Call
The Company will host a conference call
and webcast to review the results today at 8:30 a.m. ET. To register for the webcast, use the following link: app.webinar.net/aA6jEPYlwy5
Supplemental Materials and Upcoming
Communications
The Company expects to make available
on its website materials designed to accompany the discussion of its results, along with certain supplemental financial information and
other data. For important news and information regarding the Company, including investor presentations and timing of future investor
conferences, visit the Investor Relations section of the Company's website, hut8.com/investors,
and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels
for disclosing key information to its investors, some of which may contain material and previously non-public information.
Analyst Coverage
A full list of Hut 8 Corp. analyst coverage
can be found at hut8.com/investors/stock-info/.
About
Hut 8
Hut 8 is an
energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel
next-generation,
energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale
energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.
Cautionary Note Regarding Forward-Looking
Information
This press release includes “forward-looking
information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities
laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts,
included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in
the future, including statements relating to the expected aggregate base-term contract value and expected average annual net operating
income associated with the Company’s contracted data center capacity; the potential contract value associated with the exercise
of renewal options at the Company’s leased data center sites; the development and construction of the Company’s River Bend
and Beacon Point sites, including the targeted timing of initial energization and data hall delivery; the anticipated completion and
operation of the Company’s leased data center sites and the expected benefits thereof; the Company’s plans and potential
financing structures for Beacon Point Phase 2; the Company’s future business strategy, competitive strengths, expansion, and growth
of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is
often identified by the words “may,” “would,” “could,” “should,” “will,”
“intend,” “plan,” “anticipate,” “allow,” “believe,” “estimate,”
“expect,” “predict,” “can,” “might,” “potential,” “is designed to,”
“likely,” or similar expressions.
Statements containing forward-looking
information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future
events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as
of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or
implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic,
and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity
threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key
personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business;
price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment;
predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate;
purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin
network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions;
potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate
change; involvement in legal proceedings; trading volatility; and other risks described from time to time in the Company’s filings
with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports
and other continuous disclosure documents, which are available under the Company’s EDGAR profile at sec.gov and SEDAR+ profile
at sedarplus.ca.
Non-GAAP Financial
Measures
In addition to
its results determined in accordance with GAAP, the Company relies on Adjusted EBITDA, inclusive of digital assets mark-to-market; Adjusted
EBITDA; and expected net operating income (NOI) contribution, which are non-GAAP financial measures, to evaluate its business, measure
its performance, and inform strategic decision-making.
Adjusted EBITDA, Inclusive
of Digital Assets Mark-to-Market
The Company defines
Adjusted EBITDA, inclusive of digital assets mark-to-market, as net loss or income adjusted for interest expense, interest income, income
tax benefit or provision, depreciation and amortization, our share of depreciation and amortization from unconsolidated joint ventures,
net of basis adjustments, foreign exchange loss or gain, gain on the sale of property and equipment, gain or loss on derivatives, loss
on other financial liability, gain on warrant liability, gain on the sale of the Far North joint venture, net of transaction costs, non-recurring
transactions, loss or income attributable to non-controlling interests, and stock-based compensation expense.
Adjusted EBITDA
The Company defines
Adjusted EBITDA as Adjusted EBITDA, inclusive of digital assets mark-to-market, further adjusted to exclude loss or gain on digital assets
attributable to Hut 8 Corp., thereby removing the effect of mark-to-market fluctuations of digital assets held on the Company’s
balance sheet. The Company’s digital assets are considered primarily long-term holdings, and periodic appreciation or depreciation
in the fair value of such holdings does not reflect the results of the Company’s core operations.
Expected Net Operating Income (NOI)
Contribution
The Company defines expected net operating
income (NOI) contribution as expected lease revenue attributable to a particular lease, less any non-reimbursable operating expenses
attributable to the leased property.
How the Company Uses These Measures
The Company’s
board of directors and management team use Adjusted EBITDA, inclusive of digital assets mark-to-market, and Adjusted EBITDA to assess
the Company’s financial performance, as these measures allow for the comparison of operating performance on a consistent basis
across periods by removing the effects of the Company’s capital structure, such as varying levels of interest expense and income,
its asset base, such as depreciation and amortization, and other items, including the non-recurring transactions described above. Adjusted
EBITDA further excludes the impact of changes in the fair value of the Company’s digital asset holdings, which may otherwise affect
the comparability of the Company’s financial results across periods.
The Company's management team uses expected
NOI contribution to evaluate the anticipated operating performance of a particular lease, independent of the Company’s consolidated
capital structure or asset base, allowing management to assess the economics of individual leasing arrangements on a comparable basis.
Investors are encouraged to evaluate each adjustment described above and the reasons the Company’s Board and management team believe
these measures provide useful supplemental information.
Limitations
Net income (loss)
is the GAAP measure most directly comparable to Adjusted EBITDA, inclusive of digital assets mark-to-market, and Adjusted EBITDA. In
evaluating these measures, you should be aware that the Company may incur expenses in the future that are the same as, or similar to,
certain adjustments reflected in the calculation of these measures. Accordingly, the presentation of these measures should not be construed
as an inference that the Company’s future results will be unaffected by unusual or non-recurring items.
Operating income is the GAAP measure
most directly comparable to expected NOI contribution. In evaluating this measure, you should be aware that the Company may incur non-reimbursable
lease operating expenses that are not currently known or quantifiable. Accordingly, the Company's presentation of expected NOI contribution
should not be construed as an inference that the Company’s future results will be unaffected by
unusual or non-recurring items.
Expected NOI contribution also excludes the impact of selling, general and administrative expenses and depreciation and amortization,
each of which has a real economic effect and could materially impact the Company's consolidated financial results. No reconciliation
of expected NOI contribution to its most directly comparable GAAP measure is included in this press release because the Company is unable
to quantify certain amounts that would be required to be included in operating income without unreasonable effort, and any such quantification
would imply a degree of precision that could be confusing or misleading to investors.
The Company may
modify the calculation or presentation of these measures in the future, and any such modification could be material. These measures have
important limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s
results as reported in accordance with GAAP. Because other companies, including companies in the Company’s industry and Real Estate
Investment Trusts, may calculate similarly titled measures differently, the Company’s non-GAAP measures may not be comparable to
those reported by other companies, which limits their usefulness for comparative purposes.
Hut 8 Corp. and
Subsidiaries
Condensed Consolidated
Statements of Operations and Comprehensive Loss
(Unaudited, in
USD thousands, except share and per share data)
Three
Months Ended
June 30,
2026
2025
Revenue:
Power
$ 1,176
$ 5,492
Digital
Infrastructure
1,285
1,512
Compute
72,471
34,295
Total
revenue
74,932
41,299
Cost
of revenue (exclusive of depreciation and amortization shown below):
Cost
of revenue – Power
826
5,000
Cost
of revenue – Digital Infrastructure
1,374
2,120
Cost
of revenue – Compute
24,691
14,656
Total
cost of revenue
26,891
21,776
Operating
expenses:
Depreciation
and amortization
39,727
19,458
General
and administrative expenses
76,080
30,158
Loss
(gain) on digital assets
138,597
(217,640 )
Gain
on sale of property and equipment
(33 )
(312 )
Total
operating expenses (income)
254,371
(168,336 )
Operating
(loss) income
(206,330 )
187,859
Other
(expense) income:
Foreign
exchange (loss) gain
(3,219 )
3,114
Interest
expense
(51,160 )
(8,396 )
Interest
income
27,085
—
Gain
(loss) on derivatives
18,315
(18,403 )
Loss
on other financial liability
(98 )
(181 )
Gain
on warrant liability
22
—
Gain
on sale of the Far North JV, net of transaction costs
1,110
—
Equity
in earnings of unconsolidated joint venture
5,671
1,064
Total
other (expense) income
(2,274 )
(22,802 )
Net
(loss) income before income taxes
(208,604 )
165,057
Income
tax benefit (provision)
31,462
(27,574 )
Net
(loss) income
(177,142 )
137,483
Less:
Net loss (income) attributable to non-controlling interests
26,951
(171 )
Net
(loss) income attributable to Hut 8 Corp.
$ (150,191 )
$ 137,312
Net
(loss) income per share of common stock:
Basic
attributable to Hut 8 Corp.
$ (1.27 )
$ 1.32
Diluted
attributable to Hut 8 Corp.
$ (1.27 )
$ 1.18
Weighted
average number of shares of common stock outstanding:
Basic
118,483,238
104,246,041
Diluted
118,483,238
119,018,761
Net
(loss) income
$ (177,142 )
$ 137,483
Other
comprehensive (loss) income:
Foreign
currency translation adjustments
(12,701 )
39,892
Total
comprehensive (loss) income
(189,843 )
177,375
Less:
Comprehensive loss (income) attributable to non-controlling interests
26,951
(227 )
Comprehensive
(loss) income attributable to Hut 8 Corp.
$ (162,892 )
$ 177,148
See
Accompanying Notes to Unaudited Condensed Consolidated Financial Statements.
Adjusted
EBITDA reconciliation:
Three
Months Ended
June 30,
(in
USD thousands)
2026
2025
Net
(loss) income
$ (177,142 )
$ 137,483
Interest
expense
51,160
8,396
Interest
income
(27,085 )
—
Income
tax (benefit) provision
(31,462 )
27,574
Depreciation
and amortization
39,727
19,458
Share
of unconsolidated joint venture depreciation, amortization, net of basis adjustments (1)
2,159
5,543
Foreign
exchange loss (gain)
3,219
(3,114 )
Gain
on sale of property and equipment
(33 )
(312 )
(Gain)
loss on derivatives
(18,315 )
18,403
Loss
on other financial liability
98
181
Gain
on warrant liability
(22 )
—
Gain
on sale of the Far North JV, net of transaction costs
(1,110 )
—
Non-recurring
transactions (2)
—
3,739
Loss
(income) attributable to non-controlling interest
12,985
(3,786 )
Stock-based
compensation expense
51,239
7,640
Adjusted
EBITDA, inclusive of digital assets mark-to-market
$ (94,582 )
$ 221,205
Loss
(gain) on digital assets attributable to Hut 8 Corp.
105,031
(217,014 )
Adjusted
EBITDA
$ 10,449
$ 4,191
(1) Net
of the accretion of fair value differences of depreciable and amortizable assets included
in equity in earnings of unconsolidated joint venture in the Unaudited Condensed Consolidated
Statements of Operations and Comprehensive (Loss) Income in accordance with ASC 323. See
Note 8. Investment in unconsolidated joint venture of our Unaudited Condensed Consolidated
Financial Statements for further detail.
(2) There
were no non-recurring transactions for the three months ended June 30, 2026. Non-recurring
transactions for the three months ended June 30, 2025 represent approximately $3.7 million
of restructuring costs and ABTC-related transaction costs.
Contacts
Hut 8 Investor Relations
ir@hut8.com
Hut 8 Public Relations
media@hut8.com
GRAPHIC
GRAPHIC
Filename: tm2621890d1_ex99-1img001.jpg · Sequence: 6
Binary file (1404 bytes)
Download tm2621890d1_ex99-1img001.jpg
GRAPHIC
GRAPHIC
Filename: tm2621890d1_ex99-1img01.jpg · Sequence: 7
Binary file (170256 bytes)
Download tm2621890d1_ex99-1img01.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 9
v3.26.1
Cover
Aug. 04, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Aug. 04, 2026
Entity File Number
001-41864
Entity Registrant Name
Hut
8 Corp.
Entity Central Index Key
0001964789
Entity Tax Identification Number
92-2056803
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
777 Brickell Avenue
Entity Address, Address Line Two
Suite 200
Entity Address, City or Town
Miami
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
33131
City Area Code
305
Local Phone Number
224-6427
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock, par value $0.01 per share
Trading Symbol
HUT
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration