Hut 8 Publishes Q2 2026 Earnings Call Transcript
Bitget2026/11/06 19:10- Hut 8's Q2 2026 earnings call featured CEO Asher Genoot, CFO Sean Glennan and investor relations head Mark Eidelman.
- A second Beacon Point lease lifted contracted AI data center capacity to approximately 949 MW, representing USD 26.6 billion in base-term value.
- Management raised USD 7.5 billion through investment-grade senior secured notes for River Bend and Beacon Point construction, without parent recourse.
- Revenue rose approximately 81% year over year to USD 74.9 million, with gross margin expanding to approximately 64%.
- The GAAP net loss reached USD 177.1 million, driven primarily by a USD 138.6 million digital asset loss.
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