Jun 2026 (Q2 FY26) — Aug 4, 2026
Hut 8 Q2 FY26 — AI Infrastructure Transition and Repeatable Financing Model
Read the full callHut 8 earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 74.9 | +81.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -275.4 | −730.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -150 | −209.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $48.46 on 17 Oct 2025 → $68.17. High $133.02 (2 Jun 2026), low $33.76 (20 Nov 2025).
Overview
Call summaries
Hut 8 Q2 FY26 — AI Infrastructure Transition and Repeatable Financing Model
Read the full callHut 8 Q1 FY26 — Beacon Point Commercialization and Strategic Financial Architecture
Read the full callHut 8 FY25 — Building AI Infrastructure Foundation and Scaling
Read the full callEvery analysed call
Financials
Net profit, year on year: −209% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 44 | 32 | 22 | 41 | 84 | 88 | 71 | 75 |
| Operating profit | -2 | 282 | -148 | 188 | 73 | -435 | -370 | -206 |
| Operating margin | −3.6% | 889.5% | −676.8% | 454.9% | 87.0% | −491.4% | −521.5% | −275.4% |
| Other income | 3 | -22 | -7 | -23 | -3 | 55 | 68 | -2 |
| Interest | 8 | 10 | 7 | 8 | 9 | 6 | 9 | 51 |
| Profit before tax | 1 | 251 | -155 | 165 | 70 | -380 | -302 | -209 |
| Tax rate | 33.3% | 44.0% | 13.1% | 16.7% | 27.3% | 20.6% | 16.2% | 15.1% |
| Net profit | 1 | 152 | -134 | 137 | 50 | -280 | -220 | -150 |
| EPS ($ per share) | 0.01 | — | -1.30 | 1.32 | 0.48 | — | -1.98 | -1.27 |
| Line item | Jun 2022 | Jun 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 1 | 1 | 1 |
| Reserves | -41 | -106 | -100 | 232 | 5 |
| Total liabilities | 157 | 163 | 253 | 538 | 1,064 |
| Fixed assets | 117 | 71 | 118 | 222 | 643 |
| Total assets | 245 | 190 | 741 | 1,519 | 2,754 |
| Line item | Jun 2022 | Jun 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | -43 | -29 | -22 | -69 | -139 |
| Cash from investing | -134 | 25 | 87 | -188 | -754 |
| Cash from financing | 192 | -7 | -41 | 312 | 856 |
| Net cash flow | 14 | -11 | 24 | 55 | -37 |
| Capital expenditure | -141 | -12 | -1 | -40 | -14 |
| Free cash flow | -184 | -41 | -23 | -108 | -153 |
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| High Performance Computing Colocation and Cloud | 8% | 223% | 74% | 83% | 84% | 93% | 93% | 97% | +111.3% |
| Digital Infrastructure | — | — | 6% | 38% | 38% | 42% | 40% | 44% | +108.4% |
| Power | — | — | 20% | 21% | 22% | 12% | 11% | 7% | -38.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Bitcoins mined | 817All of these drove total quarterly Bitcoin mining from 135 to 817 year-over-year.Source: earnings call transcript | ~935Revenue increased to $72.5 million from $34.3 million, which was driven by an increase in Bitcoin mine from approximately $308 to approximately $935, that growth reflects additional operating capacity following the commencement of operations at Vega and the reenergization of our Drumheller facility.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2026 · share of revenue
As HUT cuts its regions in its filings; they can nest, so they need not add to 100%.
27 filings between Mar 7, 2026 and Sep 24, 2026.
Purchases
None
No insider bought shares.
Sales
$15.19M
16 sales by 6 insiders
19% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Flinn Joseph | — | $4.45M | Jun 12, 2026 |
| Rickertsen Rick | — | $3.66M | May 13, 2026 |
| Semah Victor | — | $2.33M | Jun 17, 2026 |
| Wilkinson Amy Marie | — | $2.02M | May 21, 2026 |
| SHATTUCK MAYO A III | — | $2.00M | Sep 24, 2026 |
| Glennan Sean Joseph | — | $734.5K | Aug 24, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 24, 2026 | SHATTUCK MAYO A III Director | Sale | 20,000 | $2.00M |
| Aug 24, 2026 | Glennan Sean Joseph Chief Financial Officer | Sale | 5,807 | $457.0K |
| Aug 24, 2026 | Glennan Sean Joseph Chief Financial Officer | Sale | 638 | $50.6K |
| Aug 21, 2026 | Glennan Sean Joseph Chief Financial Officer | Option exercise | 12,355 | $0 |
| Jun 17, 2026 | Semah Victor Chief Legal Officer | Sale | 10,000 | $1.25M |
| Jun 12, 2026 | Flinn Joseph Director | Sale | 4,449 | $523.6K |
| Jun 12, 2026 | Flinn Joseph Director | Sale | 2,348 | $278.8K |
| Jun 12, 2026 | Flinn Joseph Director | Sale | 8 | $956 |
| Jun 12, 2026 | Flinn Joseph Director | Sale | 914 | $106.8K |
| Jun 11, 2026 | Flinn Joseph Director | Sale | 23,000 | $2.67M |
| Jun 11, 2026 | Wilkinson Amy Marie Director | Option exercise | 15,713 | — |
| Jun 11, 2026 | TAI WILLIAM Director | Option exercise | 15,713 | — |
| Jun 11, 2026 | SHATTUCK MAYO A III Director | Option exercise | 16,416 | — |
| Jun 11, 2026 | Rickertsen Rick Director | Option exercise | 14,775 | — |
| Jun 11, 2026 | ONEAL E STANLEY Director | Option exercise | 15,478 | — |
| Jun 11, 2026 | Flinn Joseph Director | Option exercise | 15,947 | — |
| Jun 11, 2026 | Flinn Joseph Director | Option exercise | 23,000 | — |
| Jun 11, 2026 | Flinn Joseph Director | Sale | 7,500 | $877.8K |
| May 21, 2026 | Wilkinson Amy Marie Director | Sale | 20,000 | $2.02M |
| May 13, 2026 | Rickertsen Rick Director | Sale | 17,491 | $1.92M |
| May 11, 2026 | Rickertsen Rick Director | Sale | 16,496 | $1.73M |
| May 4, 2026 | Semah Victor Chief Legal Officer | Sale 10b5-1 plan | 10,518 | $808.1K |
| May 1, 2026 | Semah Victor Chief Legal Officer | Option exercise 10b5-1 plan | 27,100 | — |
| Mar 10, 2026 | Glennan Sean Joseph Chief Financial Officer | Sale 10b5-1 plan | 4,625 | $226.9K |
| Mar 10, 2026 | Semah Victor Chief Legal Officer | Sale 10b5-1 plan | 5,498 | $269.7K |
| Mar 7, 2026 | Semah Victor Chief Legal Officer | Option exercise 10b5-1 plan | 14,556 | — |
| Mar 7, 2026 | Glennan Sean Joseph Chief Financial Officer | Option exercise 10b5-1 plan | 10,398 | — |
| Aug 28, 2025 | Flinn Joseph Director | Sale | 8,500 | $225.7K |
| Aug 27, 2025 | Flinn Joseph Director | Sale | 1,500 | $39.9K |
| Aug 25, 2025 | Glennan Sean Joseph Chief Financial Officer | Sale 10b5-1 plan | 6,060 | $133.8K |
| Aug 21, 2025 | Glennan Sean Joseph Chief Financial Officer | Option exercise 10b5-1 plan | 12,355 | — |
| Jun 23, 2025 | Flinn Joseph Director | Sale 10b5-1 plan | 11,069 | $174.6K |
| Jun 18, 2025 | SHATTUCK MAYO A III Director | Option exercise | 19,602 | — |
| Jun 18, 2025 | Rickertsen Rick Director | Option exercise | 17,491 | — |
| Jun 18, 2025 | Flinn Joseph Director | Option exercise 10b5-1 plan | 18,999 | — |
| Jun 18, 2025 | ONEAL E STANLEY Director | Option exercise | 18,396 | — |
| Jun 18, 2025 | Wilkinson Amy Marie Director | Option exercise | 18,698 | — |
| Jun 18, 2025 | TAI WILLIAM Director | Option exercise | 18,698 | — |
| May 5, 2025 | Semah Victor Chief Legal Officer | Sale 10b5-1 plan | 11,363 | $147.2K |
| May 1, 2025 | Semah Victor Chief Legal Officer | Option exercise 10b5-1 plan | 27,101 | — |
| Mar 28, 2025 | Wilkinson Amy Marie Director | Option exercise | 245,805 | $95.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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