Crypto mining company Hut 8 posted a net loss of $248 million last year, advancing its transition to AI infrastructure

MarsBitNews · 2026-02-26T01:14:44+00:00

Hut 8 releases 2025 performance report, with a net loss of $248 million, mainly due to unrealized digital asset losses. Revenue increased to $235.1 million, and the company plans to transform from a Bitcoin mining firm to an electricity and AI infrastructure developer, signing a $7 billion AI leasing agreement.

MarsBitNews

2026-02-26 01:14:44

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Mars Finance News: On February 26, Hut 8 announced its full-year 2025 performance, recording a net loss of $248 million, compared to a net profit of $331.4 million in the same period in 2024. The company stated that the performance was mainly pressured by approximately $220 million in unrealized digital asset losses. Revenue for the same period increased to $235.1 million (from $162.4 million last year). Hut 8 also emphasized its shift from a Bitcoin mining company to a power and AI infrastructure developer. In 2025, it signed an AI leasing agreement supported financially by Google, with a 15-year term and a base contract value of about $7 billion. The company also stated that by the end of 2025, its development pipeline reached 8.5 GW. (The Block)

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