# Hut 8 Corp.

Summary updated: 2026-10-02T12:57:34.840801Z
Canonical: https://finbar.com/research/companies/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](https://app.finbar.com/go?id=P90378703)[2](https://app.finbar.com/go?id=P121051760)[3](https://app.finbar.com/go?id=P20446420)[4](https://app.finbar.com/go?id=P10164030)[5](https://www.hut8.com/about-us)

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](https://app.finbar.com/go?id=T1497005)[7](https://app.finbar.com/go?id=T11047244)[8](https://www.hut8.com/investors/faq)[9](https://app.finbar.com/go?id=P87450940)
[1](https://app.finbar.com/go?id=P90378703)[2](https://app.finbar.com/go?id=P121051760)[3](https://app.finbar.com/go?id=P20446420)[4](https://app.finbar.com/go?id=P10164030)[5](https://www.hut8.com/about-us)[6](https://app.finbar.com/go?id=T1497005)[7](https://app.finbar.com/go?id=T11047244)[8](https://www.hut8.com/investors/faq)[9](https://app.finbar.com/go?id=P87450940)[5](https://www.hut8.com/about-us)[8](https://www.hut8.com/investors/faq)

## 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](https://app.finbar.com/go?id=P145958372) Its Vega facility is a 205 MW Tier I data center featuring an in-house-designed direct-to-chip liquid-cooling system. [11](https://app.finbar.com/go?id=P145958324)

Its compute services include Highrise AI, an AI cloud offering GPU compute for developing, training, and deploying AI models. [12](https://app.finbar.com/go?id=P145958426)[13](https://www.hut8.com/compute) 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](https://www.hut8.com/news-insights/press-releases/hut-8-gpu-as-a-service-vertical-goes-live-with-inaugural-deployment) Hut 8 Canada offers public and private cloud, managed backup, business continuity, disaster recovery, high-capacity storage, and colocation services. [15](https://app.finbar.com/go?id=P145958424)[16](https://canada.hut8.com/)

Hut 8 also provides ASIC compute for Bitcoin mining, supplying computing capacity to mining pools that operate nodes and validate blockchain blocks. [17](https://app.finbar.com/go?id=P145958422) Its power-related services include acquiring, developing, and managing energy assets for data-center development. [18](https://app.finbar.com/go?id=P145958317)[19](https://www.hut8.com/power)

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](https://app.finbar.com/go?id=P145800469)
[10](https://app.finbar.com/go?id=P145958372)[11](https://app.finbar.com/go?id=P145958324)[12](https://app.finbar.com/go?id=P145958426)[13](https://www.hut8.com/compute)[14](https://www.hut8.com/news-insights/press-releases/hut-8-gpu-as-a-service-vertical-goes-live-with-inaugural-deployment)[15](https://app.finbar.com/go?id=P145958424)[16](https://canada.hut8.com/)[17](https://app.finbar.com/go?id=P145958422)[18](https://app.finbar.com/go?id=P145958317)[19](https://www.hut8.com/power)[20](https://app.finbar.com/go?id=P145800469)[20](https://app.finbar.com/go?id=P145800469)[20](https://app.finbar.com/go?id=P145800469)[20](https://app.finbar.com/go?id=P145800469)[13](https://www.hut8.com/compute)[14](https://www.hut8.com/news-insights/press-releases/hut-8-gpu-as-a-service-vertical-goes-live-with-inaugural-deployment)[16](https://canada.hut8.com/)[19](https://www.hut8.com/power)

## 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](https://app.finbar.com/go?id=P145801004)[22](https://app.finbar.com/go?id=T16684945) 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](https://app.finbar.com/go?id=P145800995)[24](https://app.finbar.com/go?id=P145800707)[25](https://app.finbar.com/go?id=P145800698)

The company also reported data center projects under construction at River Bend in St. Francisville, Louisiana, and Beacon Point in Nueces County, Texas. [26](https://app.finbar.com/go?id=T16684946) 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](https://app.finbar.com/go?id=T16684887) Hut 8’s principal executive office is in Miami, Florida. [28](https://app.finbar.com/go?id=P145800979) It completed the sale of the Far North joint venture, which owned four Ontario power plants, in February 2026. [29](https://app.finbar.com/go?id=P145800585)
[21](https://app.finbar.com/go?id=P145801004)[22](https://app.finbar.com/go?id=T16684945)[23](https://app.finbar.com/go?id=P145800995)[24](https://app.finbar.com/go?id=P145800707)[25](https://app.finbar.com/go?id=P145800698)[26](https://app.finbar.com/go?id=T16684946)[27](https://app.finbar.com/go?id=T16684887)[28](https://app.finbar.com/go?id=P145800979)[29](https://app.finbar.com/go?id=P145800585)

## 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](https://app.finbar.com/go?id=P145800977)[31](https://app.finbar.com/go?id=P145800983)[32](https://app.finbar.com/go?id=P145800993)[23](https://app.finbar.com/go?id=P145800995)[33](https://app.finbar.com/go?id=P145800999)[34](https://app.finbar.com/go?id=P145801001)[35](https://app.finbar.com/go?id=P145801003)[36](https://app.finbar.com/go?id=P145801007)

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](https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm)[38](https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm)
[30](https://app.finbar.com/go?id=P145800977)[31](https://app.finbar.com/go?id=P145800983)[32](https://app.finbar.com/go?id=P145800993)[23](https://app.finbar.com/go?id=P145800995)[33](https://app.finbar.com/go?id=P145800999)[34](https://app.finbar.com/go?id=P145801001)[35](https://app.finbar.com/go?id=P145801003)[36](https://app.finbar.com/go?id=P145801007)[37](https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm)[38](https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm)

## 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](https://bitfury.com/content/4-press/hut-8-public-listing-press-release-v.5-final.pdf) [40](https://wp.hut8corp.com/hut-8-announces-closing-of-the-acquisition-of-teragos-data-center-business/)

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](https://www.hut8.com/news-insights/press-releases/hut-8-and-usbtc-announce-completion-of-business-combination) [42](https://www.hut8.com/news-insights/press-releases/hut-8-announces-leadership-transition) 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](https://wp.hut8corp.com/corporate/)
[39](https://bitfury.com/content/4-press/hut-8-public-listing-press-release-v.5-final.pdf)[40](https://wp.hut8corp.com/hut-8-announces-closing-of-the-acquisition-of-teragos-data-center-business/)[41](https://www.hut8.com/news-insights/press-releases/hut-8-and-usbtc-announce-completion-of-business-combination)[42](https://www.hut8.com/news-insights/press-releases/hut-8-announces-leadership-transition)[43](https://wp.hut8corp.com/corporate/)

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1. [Hut 8 Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P90378703)
2. [Hut 8 Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P121051760)
3. [Hut 8 Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20446420)
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13. [www.hut8.com](https://www.hut8.com/compute)
14. [www.hut8.com](https://www.hut8.com/news-insights/press-releases/hut-8-gpu-as-a-service-vertical-goes-live-with-inaugural-deployment)
15. [Hut 8 Corp. — Presentation (2026 Q 2), p14](https://app.finbar.com/go?id=P145958424)
16. [canada.hut8.com](https://canada.hut8.com/)
17. [Hut 8 Corp. — Presentation (2026 Q 2), p14](https://app.finbar.com/go?id=P145958422)
18. [Hut 8 Corp. — Presentation (2026 Q 2), p5](https://app.finbar.com/go?id=P145958317)
19. [www.hut8.com](https://www.hut8.com/power)
20. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800469)
21. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145801004)
22. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16684945)
23. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800995)
24. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800707)
25. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800698)
26. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16684946)
27. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16684887)
28. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800979)
29. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800585)
30. [Hut 8 Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145800977)
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37. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm)
38. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1964789/000110465926019392/hut-20251231x10k.htm)
39. [bitfury.com](https://bitfury.com/content/4-press/hut-8-public-listing-press-release-v.5-final.pdf)
40. [wp.hut8corp.com](https://wp.hut8corp.com/hut-8-announces-closing-of-the-acquisition-of-teragos-data-center-business/)
41. [www.hut8.com](https://www.hut8.com/news-insights/press-releases/hut-8-and-usbtc-announce-completion-of-business-combination)
42. [www.hut8.com](https://www.hut8.com/news-insights/press-releases/hut-8-announces-leadership-transition)
43. [wp.hut8corp.com](https://wp.hut8corp.com/corporate/)

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