Hut 8 Corp.

Overview

Hut 8 Corp. is an energy and digital-infrastructure company operating across Power, Digital Infrastructure, and Compute. Its activities include developing and managing powered land and energy infrastructure; developing and operating data centers for hosting, leasing, and colocation; and operating compute assets and services. Its infrastructure supports Bitcoin mining, cloud and colocation services, and AI and high-performance computing workloads. The company describes its mission as building the future of energy and digital infrastructure.[1]+4

Hut 8’s operations span the United States and Canada. At year-end 2025, it reported 1,020 MW of energy capacity under management and FY2025 consolidated revenue of $235.118 million. The company traces its origins to Hut 8 Mining Corp., founded in 2017, and Hut 8 Corp. was formed through its combination with US Bitcoin Corp. in 2023.[6]+3 [1]+10

Products & services

Hut 8 offers AI data-center capacity through long-term leases and develops infrastructure for high-performance computing. As of Q2 2026, River Bend and Beacon Point represented 949 MW of contracted IT capacity across three 15-year leases; River Bend accounted for 245 MW and Beacon Point Phases 1 and 2 for 352 MW each.[10] Its Vega facility is a 205 MW Tier I data center featuring an in-house-designed direct-to-chip liquid-cooling system.[11]

Its compute services include Highrise AI, an AI cloud offering GPU compute for developing, training, and deploying AI models.[12][13] At launch, Highrise AI’s GPU-as-a-Service deployment included 1,000 NVIDIA H100 GPUs; this is a launch-era specification, not a statement of current capacity.[14] Hut 8 Canada offers public and private cloud, managed backup, business continuity, disaster recovery, high-capacity storage, and colocation services.[15][16]

Hut 8 also provides ASIC compute for Bitcoin mining, supplying computing capacity to mining pools that operate nodes and validate blockchain blocks.[17] Its power-related services include acquiring, developing, and managing energy assets for data-center development.[18][19]

For the six months ended June 30, 2026, Compute generated $138.445 million, or approximately 94.9% of reported revenue; Power generated $4.916 million (3.4%) and Digital Infrastructure $2.588 million (1.8%), out of $145.949 million total. These are segment figures, not revenue splits for individual products or services.[20] [10]+17

Geographic presence

As of June 30, 2026, Hut 8’s ASIC compute sites were located in New York, Alberta, and Texas: Alpha in Niagara Falls, New York; Medicine Hat and Drumheller in Alberta; and Salt Creek, Vega, and King Mountain in Texas. King Mountain is held through a 50% joint venture.[21][22] Its Canadian data center and cloud services operated from five locations: Mississauga and Vaughan, Ontario, and Kelowna and two sites in Vancouver, British Columbia.[23]+2

The company also reported data center projects under construction at River Bend in St. Francisville, Louisiana, and Beacon Point in Nueces County, Texas.[26] In the second quarter of 2026, revenue was $72.231 million from the United States and $2.701 million from Canada, representing approximately 96.4% and 3.6% of total revenue, respectively.[27] Hut 8’s principal executive office is in Miami, Florida.[28] It completed the sale of the Far North joint venture, which owned four Ontario power plants, in February 2026.[29] [21]+8

Business segments

Hut 8 reports three segments: **Power**, comprising power generation and managed services that support partners’ energy-infrastructure development and operations; **Digital Infrastructure**, covering ASIC hosting and operation, traditional data-center and cloud services, colocation, and infrastructure for AI/HPC workloads; and **Compute**, encompassing owned compute assets and services, including ASIC Compute, Traditional Cloud, and AI Cloud. The company states that ASIC Compute revenue is primarily generated by American Bitcoin’s mining operations.[30]+7

By reportable-segment revenue before eliminations, the approximate mix was **64.8% Compute, 28.8% Digital Infrastructure, and 6.4% Power** in the first half of 2026. For full-year 2025, it was **61.2% Compute, 26.1% Digital Infrastructure, and 12.7% Power**. These shares use segment revenue before intercompany eliminations; they therefore differ from each segment’s share of consolidated revenue.[37][38] [30]+9

Company history

Hut 8’s predecessor, Hut 8 Mining Corp., was established in October 2017 and began trading publicly in March 2018. In January 2022, it acquired TeraGo’s cloud and colocation data-center business, adding five Canadian data centers and broadening its operations beyond Bitcoin mining.[39][40]

Hut 8 and U.S. Data Mining Group, known as US Bitcoin Corp., completed their merger on November 30, 2023, forming the U.S.-domiciled Hut 8 Corp.; the combined company began trading on Nasdaq in December. Jaime Leverton became CEO at closing, and Asher Genoot succeeded her in February 2024.[41][42] In 2025, Hut 8 launched majority-owned American Bitcoin, contributing substantially all of its ASIC miners to the subsidiary; after American Bitcoin merged with Gryphon Digital Mining, it began trading on Nasdaq in September.[43] [39]+4

Sources

• Hut 8 Corp. — Full financial report (2025 Y)
  7 citations

  [1][2][3][4][6][7][9]
• www.hut8.com[5]
• www.hut8.com[8]
• Hut 8 Corp. — Presentation (2026 Q 2)
  6 citations

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• www.hut8.com[13]
• www.hut8.com[14]
• canada.hut8.com[16]
• www.hut8.com[19]
• Hut 8 Corp. — Full financial report (2026 Q 2)
  17 citations

  [20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36]
• www.sec.gov[37]
• www.sec.gov[38]
• bitfury.com[39]
• wp.hut8corp.com[40]
• www.hut8.com[41]
• www.hut8.com[42]
• wp.hut8corp.com[43]