Hut 8 reported third-quarter 2026 net income of $189.5 million, including a $413.8 million gain on digital assets. Revenue fell to $71.1 million from $83.5 million a year earlier, largely because of the sale of its Far North power portfolio. Adjusted EBITDA rose to $33 million from $30.5 million. The company has contracted 949 MW of IT capacity under long-term AI data center leases, worth about $27 billion. River Bend and Beacon Point Phase 1 are funded with $3.25 billion and $4.25 billion in investment-grade project bonds, both nonrecourse to Hut 8. General and administrative expenses rose to $99.6 million from $25.9 million, including $64.7 million in stock-based compensation. Hut 8 raised its share buyback programme from $250 million to $1 billion.

Hut 8 reported third quarter 2026 revenue of $71.1 million, down from $83.5 million a year earlier. Net income rose to $189.5 million from $50.6 million, helped by $413.8 million of mostly unrealised gains on digital assets. The company signed a second 352 MW lease with the Phase 1 tenant at its Beacon Point AI data center campus, fully commercialising the site. Expected base-term contract value across its AI data center portfolio is about $26.6 billion. Hut 8 closed a $1.07 billion revolving credit facility and repurchased $74.7 million of shares in the quarter, plus $175.3 million after quarter-end, funded by Bitcoin sales. Its board raised the buyback authorisation to $1.0 billion. It also agreed to buy two Texas sites with up to 230 MW of capacity for up to $180.0 million.

Hut 8 Corp. will report third-quarter 2026 results on November 4, before market open. Analysts expect lower revenue and earnings per share. The Zacks Consensus Estimate puts revenue at $75.90 million, down 9.1% year over year, with a loss of $1.06 per share. Second-quarter revenue rose 81% year over year to $74.9 million. Bitcoin mining in the Compute segment likely remained the main revenue driver. Interest costs on $7.5 billion in project financing and development spending may have weighed on profit. Revenue from the Power segment likely fell after the Far North asset sale. AI data-centre projects at River Bend and Beacon Point are not expected to add meaningful lease revenue until 2027 and beyond.