HUT Stock Falls 9% as Hut 8 Reports Wider Q2 Loss Despite Revenue Growth

TLDR

• HUT stock dropped more than 9% after Hut 8 reported second-quarter earnings and revenue below estimates.
• Hut 8 posted Q2 revenue of $74.9 million, up from $41.3 million in the same quarter last year.
• The company reported a Q2 net loss of $177.1 million, including $138.6 million in unrealized digital asset losses.
• Hut 8 expanded its AI infrastructure development pipeline by 300 MW to approximately 8.7 GW.
• CEO Asher Genoot said future bitcoin exposure will primarily be held through American Bitcoin.

Hut 8 Corp. shares fell more than 8% on Tuesday after the company released its second-quarter 2026 financial results. The stock traded at $101.70, down 9.74%, as investors reacted to a wider net loss despite strong year-over-year revenue growth and continued expansion of its AI infrastructure business.

Source: KnockOutStocks

Revenue reached $74.9 million during the quarter, compared with $41.3 million in the same period last year. The result marked solid annual growth but came in below Wall Street expectations of about $80 million. The earnings release also showed a net loss of $177.1 million, driven largely by unrealized losses on digital assets.

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