Hut 8 Q1 Earnings Report: AI Data Center Lease Secures $16.8 Billion in Revenue, Releasing Approximately 3,300 BTC Liquidity

Deep Tide TechFlow message. On May 06, according to PRNewswire, Hut 8, a Nasdaq-listed Bitcoin mining company, released its 2026 first-quarter financial performance report. It disclosed that leases for two ultra-large-scale artificial intelligence parks generated $16.8 billion in revenue. While advancing its AI data center business, its Bitcoin-related business still remains one of the core sources of revenue. Total Q1 revenue was $71 million, of which approximately $66 million came from ASIC computing power, AI cloud, and traditional cloud business, mainly driven by Bitcoin mining and related computing services. In addition, it completed a Bitcoin mortgage refinancing and released about 3,300 BTC (about $260 million) to enhance liquidity and support business expansion.

As of the end of March, Hut 8 held cash and Bitcoin with a total value of approximately $1.3 billion, but due to fluctuations in digital asset prices, it recorded a net loss of $253 million for the quarter (of which approximately $296 million was unrealized digital asset loss).

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