Financial PerformanceOn Thursday, HUT reported 2Q25 results below estimates and consensus, mostly related to the timing of new revenue coming online and $17.7M was lost to consolidation accounting due to a JV and the spin-off of the American Bitcoin subsidiary.
Operational ChallengesHUT reported an adj. EBITDA miss driven by softer top-line as mining rig uptime came in below expectation, and higher G&A resulting from new growth hires.
Revenue EstimatesHUT missed top and bottom-line estimates in 2Q25, with total revenues reported at $41.3M, short of consensus estimates at $48.5M.