Hut 8 Company (HUT) announced 2025 revenue of $235.1 million, up from $162.4 million in 2024, primarily driven by growth in its computing business. The company signed a 15-year lease agreement with Fluidstack valued at $7 billion for 245 megawatts of IT capacity, a deal backed by Google funding. Despite achieving growth, the company recorded a net loss of $248 million that year due to digital asset volatility. Hut 8 also divested its 310 megawatt natural gas power generation asset portfolio to concentrate funds on data center development.
Hut 8 Company (HUT) announced 2025 revenue of $235.1 million, up from $162.4 million in 2024, primarily driven by growth in its computing business. The company signed a 15-year lease agreement with Fluidstack valued at $7 billion for 245 megawatts of IT capacity, a deal backed by Google funding. Despite achieving growth, the company recorded a net loss of $248 million that year due to digital asset volatility. Hut 8 also divested its 310 megawatt natural gas power generation asset portfolio to concentrate funds on data center development.