The earnings call highlighted significant improvements in revenue, net income, and adjusted EBITDA, driven by strategic investments and operational enhancements. The shift towards contracted assets has improved revenue predictability. However, there were declines in Power and Digital Infrastructure segment revenues due to terminated agreements, and the elimination of intercompany revenue impacts reported results. Overall, the sentiment is positive due to the substantial financial improvements and strategic advancements.

Company Guidance -

Q3 2025

During the Hut 8 Second Quarter 2025 Earnings Conference Call, the company reported a 17% increase in revenue year-over-year, reaching $41.3 million, largely driven by infrastructure and ASIC fleet upgrades. This enhancement resulted in a $16.4 million uplift in Bitcoin mining revenue. Net income attributable to Hut 8 soared to $137.3 million, recovering from a $71.9 million loss in the prior year, while adjusted EBITDA climbed to $221.2 million from a $57.5 million loss. The quarter saw a $217.6 million gain on digital assets compared to a previous year loss of $71.8 million. Additionally, the company highlighted significant progress in asset commercialization, with nearly 90% of its energy capacity under management commercialized under long-term agreements. The strategic development pipeline included approximately 10,800 megawatts under diligence and 3,100 megawatts under exclusivity, reflecting the firm’s ambition to enhance its infrastructure capabilities and expand its presence at the intersection of energy and technology.

Strong Revenue Growth

Hut 8 reported $41.3 million in revenue for Q2 2025, a 17% increase year-over-year, driven by infrastructure and ASIC fleet upgrades.

Significant Net Income Improvement

Net income for the quarter was $137.3 million, compared to a loss of $71.9 million in the prior year period.

High Adjusted EBITDA

Adjusted EBITDA was $221.2 million, compared to a loss of $57.5 million in the prior year period, reflecting significant financial improvement.

Shift to Contracted Assets

Nearly 90% of Hut 8's energy capacity was commercialized under agreements with terms of 1 year or longer, up from less than 30% at the end of Q2 2024.

American Bitcoin Operations

American Bitcoin commenced Bitcoin mining operations as a distinct commercial entity, contributing to Hut 8's Compute segment.

Successful Capital Raising

American Bitcoin completed an oversubscribed private placement, including participation from notable investors like the Winklevoss Brothers.

Hut 8 (HUT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HUT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	-0.10 / -	0.01	―	―	―
Aug 07, 2025	2025 (Q2)	1.17 / 1.18	-0.777	251.78% (+1.96)	―	―
May 08, 2025	2025 (Q1)	-0.11 / -1.31	2.73	-148.03% (-4.04)	―	―
Mar 03, 2025	2024 (Q4)	0.04 / 1.51	-3.266	146.24% (+4.78)	―	―
Nov 13, 2024	2024 (Q3)	-0.29 / 0.01	-0.435	102.33% (+0.45)	―	―
Aug 13, 2024	2024 (Q2)	-0.03 / -0.78	-1.778	56.33% (+1.00)	―	―
May 15, 2024	2024 (Q1)	0.36 / 2.73	1.125	142.71% (+1.61)	―	―
Mar 28, 2024	2023 (Q4)	- / -3.27	-3.266	0.00% (0.00)	―	―
Nov 14, 2023	2023 (Q3)	-0.23 / -0.87	-0.435	-100.00% (-0.44)	―	―
Aug 14, 2023	2023 (Q2)	-0.28 / -0.29	-1.778	83.67% (+1.49)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HUT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$20.69	$20.02	-3.24%
May 08, 2025	$12.66	$14.17	+11.93%
Mar 03, 2025	$14.75	$14.08	-4.54%
Nov 13, 2024	$23.86	$24.78	+3.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Hut 8 (HUT) report earnings?

Hut 8 (HUT) is schdueled to report earning on Nov 12, 2025, Before Open (Confirmed).

What is Hut 8 (HUT) earnings time?

Hut 8 (HUT) earnings time is at Nov 12, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HUT EPS forecast?

HUT EPS forecast for the fiscal quarter 2025 (Q3) is -0.1.

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