Hut 8 Corp. (TSE:HUT)
TSX:HUT
Want to see TSE:HUT full AI Analyst Report?
Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.45Last Year’s EPS
1.62Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated substantial operational progress and a transition toward durable, investment-grade contracted cash flows: meaningful top-line growth (+226% YoY), dramatic margin improvement, large AI data center commercialization (Beacon Point) and a landmark $3.25B River Bend financing that validated the development and financing model. Management emphasized repeatability, nonrecourse capital structures, a large 8.4 GW pipeline, improved liquidity (~$1.3B cash & BTC) and meaningful compute segment expansion. Key near-term negatives include a large reported net loss driven by unrealized digital asset mark-to-market adjustments, limited current contribution from digital infrastructure until projects come online (expected ~Q2 2027), some revenue mix pressures (lower avg revenue per BTC) and execution/timing and regulatory risks inherent to large greenfield projects. On balance, the positive operational milestones, financing achievements, and contractually-backed long-duration revenue significantly outweigh the lowlights.Company Guidance
Strong Top-Line Growth and Margin Expansion
Revenue grew ~226% year-over-year to $71.0 million; gross margin expanded to ~64% from 14% in the prior year period, reflecting enhanced operating leverage.
Compute Segment Surge
Compute revenue more than tripled to ~$66 million (from $16.1M), with segment margins increasing to ~67% (from 16%); quarterly Bitcoin mining increased from 135 to 817 units (~+506%).
Beacon Point Commercialization — Large AI Lease
Commercialized Phase 1 of Beacon Point: 352 MW IT (500 MW utility) under a 15-year triple-net lease; $9.8 billion expected base-term contract value (3% annual escalator) and >$25 billion potential value including renewal options; IP capacity redesign increased from 224 MW to 352 MW, boosting base contract value by $3.6 billion.
River Bend — First-of-its-Kind Financing
Closed $3.25 billion senior secured notes post-quarter: 16.5-year fully amortizing, ~95% loan-to-cost, 6.192% coupon, noncallable, BBB- ratings (S&P & Fitch); transaction recycled $184 million equity at closing and eliminated refinancing risk.
Large Contracted Revenue and NOI Visibility
Approximately $16.8 billion of contracted revenue expected to flow through as NOI over the initial 15-year terms of the two leases; contracted portfolio expected to generate ~ $1.1 billion of annual NOI, converting the business toward durable contracted infrastructure-like cash flows.
Substantial Development Pipeline
8.4 gigawatt development pipeline with repeatable, power-first greenfield development model; company commercialized two large greenfield AI campuses (River Bend and Beacon Point) in short order, demonstrating repeatability and scale.
Balance Sheet and Liquidity Improvements
Parent-level liquidity of ~ $1.3 billion in cash and Bitcoin as of quarter end; refinanced Coinbase facility into a 364-day FalconX note at 7% coupon (down from 9%), unlocking ~3,300 BTC and bringing total unencumbered Bitcoin to ~5,600 (market value ~$260M as of May 1).
Corporate and Investor Confidence
Institutional ownership grew from under 10% to over 70% as of year-end 2025; management highlights >1,000% stock appreciation from $6.77 two years prior (as of May 4), underscoring improved investor confidence.
Nonrecourse, Capital-Efficient Financing Model
Majority of new project debt is nonrecourse to parent; financing structures (River Bend bonds, planned Beacon Point approach) are designed to be non-dilutive and repeatable, enabling capital recycling and constrained parent-level recourse (only Coatue convertible remains).
Operational Derisking and Execution Preparations
All long-lead equipment ordered and major contracts signed for both campuses; best-in-class execution partners engaged, conservative timelines set (targeting Q2 2027 initial delivery for River Bend) to reduce construction and delivery risk.
TSE:HUT Earnings History
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
TSE:HUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | C$109.47 | C$148.61 | +35.75% |
Feb 25, 2026 | C$81.09 | C$75.75 | -6.59% |
Nov 04, 2025 | C$77.37 | C$67.87 | -12.28% |
Aug 07, 2025 | C$28.44 | C$27.51 | -3.27% |
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 Corp. (TSE:HUT) report earnings?
Hut 8 Corp. (TSE:HUT) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Hut 8 Corp. (TSE:HUT) earnings time?
Hut 8 Corp. (TSE:HUT) earnings time is at Aug 18, 2026, 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 TSE:HUT EPS forecast?
TSE:HUT EPS forecast for the fiscal quarter 2026 (Q2) is -0.45.