Hut 8 Reports Significant Losses in 2025 Amid Digital Asset Challenges

Hut 8 has disclosed a net loss of $248 million for 2025, marking a sharp reversal from the $331.4 million net profit reported in 2024. According to PANews, this downturn is primarily attributed to an unrealized digital asset loss of approximately $220 million, which offset substantial gains from the previous year. During the same period, Hut 8's revenue increased from $162.4 million to $235.1 million, with computing power business revenue accounting for about $202.3 million, power and hosting services revenue at $23.2 million, and digital infrastructure revenue at $9.6 million. In the fourth quarter, Hut 8's revenue reached $88.5 million, but the company faced a quarterly net loss of $301.8 million due to an unrealized digital asset loss of around $401.9 million. The adjusted EBITDA for the year was negative $135.4 million. Hut 8 is also advancing its transformation in AI and energy infrastructure. The company has signed a 15-year AI computing power leasing agreement with Fluidstack, valued at approximately $7 billion, and is developing a pipeline with a capacity of 8,500 MW. Through its subsidiary, American Bitcoin, Hut 8 holds approximately $1.4 billion in cash and Bitcoin reserves.