Press Release

Hut 8 Reports Second Quarter 2026 Results

Aug 4, 2026
Posted by  Hut 8

  • 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
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Notes
  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. Excludes 710 MW of Energy Capacity Under Management, which comprises all power-related assets, including managed services, ASIC and Central Processing Unit (“CPU”) infrastructure, ASIC compute, and non-operational sites.
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Notes
  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 Income (Loss) in accordance with ASC 323. See Note 9. 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 September 30, 2026. Non-recurring transactions for the three months ended September 30, 2025 primarily represent approximately $2.9 million of American Bitcoin related transaction costs.