Hut 8 Corp. reported third-quarter 2026 net income of $189.5 million, driven by $413.8 million in unrealized gains on digital assets, compared to $50.6 million in the prior-year period. Revenue declined to $71.1 million from $83.5 million as the company exited its traditional cloud business. The company closed a four-year, $1.07 billion senior secured revolving credit facility and increased its stock repurchase authorization by $750 million to $1.0 billion. Hut 8 fully commercialized its Beacon Point AI data center campus with a second lease adding approximately $9.8 billion in expected base-term contract value. The company operates an energy infrastructure platform integrating power, digital infrastructure, and compute at scale.
