Hut 8 Corp. SEC Filings

Hut 8 Corp. Schedule 13G shows Lone Pine Capital LLC and affiliated reporting persons beneficially own 6,185,544 shares of Common Stock, representing 5.6% of the class based on 110,887,284 shares outstanding as of February 24, 2026. The filing states the shares are held by funds and portfolios managed by Lone Pine and that the named reporting persons have shared voting and dispositive power over those shares.

Hut 8 Corp. reported that it amended its existing Controlled Equity Sales Agreement for its “at-the-market” stock offering program. The amendment, dated February 25, 2026, adds Virtu Americas LLC as an additional U.S. sales agent and Virtu Canada Corp. as an additional Canadian sales agent alongside the existing firms.

The company emphasized that this report does not itself represent an offer to sell or a solicitation to buy any securities and that any such activity must comply with applicable securities laws and required registrations or qualifications.

HUT amended its at-the-market sales program to register up to $1,000,000,000 of common stock for sale through designated U.S. and Canadian sales agents. The supplement adds Virtu Americas LLC and Virtu Canada Corp. as additional sales agents.

As of February 25, 2026, approximately 5.783 million shares have been sold under the sales agreement for gross proceeds of $284.2 million, leaving about $715.8 million available under the at the market program. Sales may occur on Nasdaq, the TSX, in the OTC market, in block or privately negotiated transactions, or by other lawful methods.

Hut 8 Corp. reported sharply higher revenue but swung to large losses in 2025, driven mainly by volatility in digital asset values. Revenue for Q4 2025 rose to $88.5 million from $31.7 million, while full-year revenue increased to $235.1 million from $162.4 million, led by strong growth in Compute revenue.

Despite this, Q4 net loss was $301.8 million versus net income of $152.0 million a year earlier, including $401.9 million of primarily unrealized losses on digital assets. For 2025, net loss was $248.0 million versus net income of $331.4 million in 2024. Adjusted EBITDA turned negative at $(135.4) million for the year, down from $555.7 million. Management highlighted a power‑first strategy, an 8,500 MW development pipeline as of December 31, 2025, and the River Bend AI infrastructure project as key pillars for future growth.

Hut 8 Corp. files its annual report describing a power-first, vertically integrated platform spanning Power, Digital Infrastructure, and Compute to serve AI, high-performance computing, and ASIC Bitcoin mining workloads. As of December 31, 2025, it managed 1,020 MW of energy capacity across 15 sites in the U.S. and Canada and had 1,560 MW under development and construction.

The company is building a 330 MW AI data center at its River Bend campus in Louisiana and reports a broader development pipeline of about 8,500 MW progressing through diligence, exclusivity, development, and construction. It highlights an innovation-driven approach, including custom high-density, liquid-cooled ASIC data centers designed to be repurposable for future HPC workloads.

Hut 8 outlines a disciplined capital and underwriting framework, using ATM equity programs, project finance, and Bitcoin-backed credit facilities while emphasizing liquidity and non-dilutive funding where possible. Key risks include large capital needs, liquidity constraints, power cost and availability, customer and geographic concentration, joint ventures, rapid technology change, cybersecurity, extensive permitting and regulation, and high exposure to Bitcoin through its consolidated ASIC compute business.

Hut 8 Corp. received an updated ownership filing showing that Jane Street Group, LLC and related entities beneficially own 2,183,885 shares of Hut 8 common stock, representing 2.0% of the outstanding class as of December 31, 2025. The shares are reported with shared voting and shared dispositive power, and no sole voting or dispositive authority. The filing states the securities were not acquired and are not held for the purpose of changing or influencing control of Hut 8, indicating a passive investment intent.

Hut 8 Corp. disclosed that it has entered into a 15-year lease agreement with a subsidiary of Fluidstack Ltd. for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana. The arrangement is supported by a financial backstop from Google LLC covering all rent and certain other financial obligations under the lease, which helps secure the long-term economics of the deal.

The company also released a detailed press release and an investor presentation describing these transactions, both dated December 17, 2025 and filed as exhibits to the report.

Hut 8 Corp. reported that it has entered into a definitive share purchase agreement with TransAlta Corporation for the sale of a 310-megawatt portfolio of four natural gas-fired power plants located in Ontario. These plants are owned and operated by Far North Power Corp., an entity formed by Hut 8 and Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited. The announcement was made through a press release that is attached as an exhibit and incorporated by reference.