Hut 8 Corp. SEC Filings

Hut 8 Corp. reported Q2 2026 revenue of $74.9 million, up from $41.3 million a year earlier, driven by $72.5 million from Compute, $1.2 million from Power, and $1.3 million from Digital Infrastructure. The quarter produced a net loss of $177.1 million versus net income of $137.5 million, including $138.6 million of primarily unrealized losses on digital assets.

Adjusted EBITDA was $10.4 million, compared with $4.2 million in the prior-year period. Adjusted EBITDA inclusive of digital assets mark-to-market was a loss of $94.6 million, compared with income of $221.2 million a year earlier, reflecting substantial swings in digital asset values.

The company highlighted its power-first AI data center strategy, with leases representing 949 MW of contracted IT capacity, approximately $26.6 billion of expected aggregate base-term contract value and more than $1.75 billion of expected average annual NOI, all with investment-grade counterparties. It secured $7.5 billion of fully amortizing, non-recourse, non-dilutive project financing, completed commercialization of its first gigawatt-scale campus at Beacon Point, and reported approximately $8.1 billion in liquidity including cash and Bitcoin holdings as of June 30, 2026.

Hut 8 Corp. reported strong top-line growth but large losses for the quarter and six months ended June 30, 2026. Total revenue was 74,932 and 145,949 (in USD thousands) for the quarter and year-to-date, driven mainly by the Compute segment.

However, loss on digital assets of 138,597 for the quarter and 434,254 (in USD thousands) year-to-date, higher depreciation and general and administrative costs, and rising interest expense led to a net loss attributable to Hut 8 of 150,191 for the quarter and 370,040 (in USD thousands) for six months. The company closed large project financings via 3,250,000 of River Bend Notes and 4,250,000 of Beacon Point Notes, lifting loans and other financial liabilities to a 7,638,441 (in USD thousands) carrying amount and increasing restricted cash to 6,787,147 (in USD thousands) for planned data center construction, while holding 17,316 Bitcoin and 100,000,000 investment tokens.

Vanguard Portfolio Management LLC, together with certain affiliates, reports beneficial ownership of Hut 8 Corp common stock. The group holds 6,308,585 shares, representing 5.6% of the outstanding common stock.

The group has sole voting power over 77,047 shares and sole dispositive power over 6,308,585 shares, with no shared voting or dispositive power. The position reflects securities held by Vanguard-managed funds and accounts for which these entities exercise voting and/or dispositive authority; other Vanguard affiliates whose ownership is disaggregated are excluded.

Vanguard Portfolio Management and related investment companies and managed accounts have the right to receive dividends and sale proceeds from these securities, and no other single person’s interest in the reported securities exceeds 5% of the class.

Hut 8 Corp. announced commercialization of the second phase of its one-gigawatt Beacon Point AI data center campus in Nueces County, Texas through a second 15-year, $9.8 billion lease for 352 MW of IT capacity, bringing campus base-term contract value to $19.6 billion and fully contracting its 1,000 MW of utility capacity.

Total contracted IT capacity across Hut 8’s AI data center portfolio is now 949 MW, supported by 1,330 MW of utility capacity, with aggregate base-term contract value of $26.6 billion and average annual NOI above $1.75 billion; renewal options could raise Beacon Point’s potential contract value to $50.2 billion. The company also highlighted a $250.0 million stock repurchase program for up to 6,159,439 shares, or 5.0% of its common stock.

Hut 8 Corp.'s Chief Legal Officer, Semah Victor, reported an open-market sale of 10,000 shares of Common Stock. The shares were sold at a price of $125.00 per share. After this transaction, Victor directly holds 31,378 shares of Hut 8 Corp. common stock.

HUT — Rule 144 notice of proposed resale of common stock. The filing lists 10,000 shares of Common offered for sale with an aggregate amount of $1,250,000.00. It records shares outstanding 112,594,112 as of 06/17/2026 and specifies the securities arose from Restricted Stock Vesting (05/01/2026) as compensation. The filing also discloses a prior sale in the past three months by Victor Semah of 10,518 shares on 05/04/2026 for $808,149.48.

Hut 8 Corp. director Joseph Flinn reported a mix of option exercises, RSU activity, and related share sales. On June 11–12, 2026, he exercised derivative awards to acquire 38,947 shares of common stock, including stock options and restricted stock units that vested into shares.

Over the same period, Flinn reported open-market sales totaling 38,219 shares of common stock at prices around $115.94–$119.44 per share. A footnote explains these sales were made to cover tax withholding obligations tied to RSU vesting and were carried out under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance.

Flinn also received a new grant of 4,595 restricted stock units, each representing one share of common stock, which are scheduled to vest on the date of Hut 8’s 2027 Annual General Meeting. Following these transactions, he continues to hold a meaningful direct equity stake in Hut 8, while his remaining derivative awards were largely exercised in this filing.

Hut 8 Corp. director Stanley E. Oneal reported equity compensation and estate-planning moves. On June 11, 2026, he exercised 15,478 Restricted Stock Units into the same number of common shares at $0.00 per share, bringing his directly held common stock to 50,654 shares.

He also received a new grant of 4,863 RSUs, which will vest on the date of the 2027 Annual General Meeting and may be settled in stock or cash at the company’s discretion. A separate entry reflects 189,936 common shares held indirectly through a grantor retained annuity trust established on June 5, 2026, for his benefit and that of his two adult children.

Hut 8 Corp. director Rick Rickertsen reported equity compensation activity involving restricted stock units (RSUs) and common shares. RSUs that had vested converted into 14,775 shares of common stock on a one-for-one basis, leaving him with 14,775 common shares held directly after the transactions.

He also received a new grant of 4,372 RSUs, each representing a contingent right to one share of common stock, which will vest on the date of the 2027 Annual General Meeting of Stockholders. The filing reflects routine compensation-related RSU vesting and grants rather than any open-market buying or selling.