Hut 8 Reports Revenue Growth Despite Net Loss in 2025

Hut 8, a Bitcoin mining company listed on Nasdaq, announced a revenue increase to $235.1 million for the fiscal year 2025, up from $162.4 million in the previous year. According to NS3.AI, the company holds approximately $1.4 billion in combined cash and Bitcoin assets as of the end of the year. Despite the revenue growth, Hut 8 reported a net loss of $248 million, a significant shift from the net profit of $331.4 million recorded in 2024. The company also initiated a $1 billion equity offering and secured $400 million in credit facilities.