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