Hut 8 stock surges as earnings reveal aggressive AI pivot away from Bitcoin mining

Hut 8 Stock Pops As Earnings Highlight AI Pivot - Hut 8 (NASDAQ:HUT)

Hut 8 stock is trading near recent highs. What's next for HUT stock? Fourth Quarter Earnings Miss The company reported a fourth-quarter loss of $2.63 per share, far below Wall Street's consensus for a 43 cent loss, on revenue of $88.5 million versus expectations of $103.1 million. Despite the earnings miss and a net loss of $301.8 million, results showed strong top-line expansion from $31.7 million a year earlier. AI Power Strategy Underpins Outlook Full-year 2025 revenue climbed to $235.1 million, driven largely by $202.3 million from ASIC compute, AI cloud and traditional cloud services. Management emphasized a power-first model built around high-density data centers serving energy-intensive workloads such as artificial intelligence. A recently signed 15-year, 245-megawatt IT lease at the River Bend campus with Fluidstack carries $7.0 billion in base-term contract value and is financially backstopped by Google. Balance Sheet Supports Expansion Plans Hut 8 ended 2025 with roughly $1.4 billion in cash and bitcoin reserves, including $899.3 million attributable to the company itself. The company also arranged credit facilities totaling up to $400 million and outlined an 8,500-megawatt development pipeline across North America, positioning it to scale AI and compute infrastructure over the coming years. Hut 8 Stock Sustains Uptrend Hut 8 shares have climbed sharply over the past year, rising from a low near $10.64 in spring 2025 to trade above $50 by February 2026, after peaking around $64.60. The stock remains in a broader uptrend, with the 20-day and 50-day moving averages trending above the 200-day average, signaling sustained bullish momentum despite recent volatility. HUT Price Action: Hut 8 shares were up 1.37% at $59.89 at the time of publication on Wednesday, according to Benzinga Pro data. Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Hut 8 outlines shift to AI infrastructure, signals 2026 focus on execution and delivery (NASDAQ:HUT)

Earnings Call Insights: Hut 8 Corp. (HUT) Q4 2025 Management View * CEO Asher Genoot stated that 2025 was focused on "rebuilding Honey around capital efficiency and durable cash flow," emphasizing the strategic transition after the merger and the carve-out of the legacy This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. The company has shifted to prioritizing capital efficiency, durable cash flow, and expanding power control for AI infrastructure over traditional Bitcoin mining. Revenue and gross margin expanded significantly, driven by growth in the compute segment, but net loss increased due to unrealized Bitcoin losses. Key priorities include converting the pipeline into contracted revenue, advancing major projects like River Bend, maintaining capital discipline, and scaling contracted AI infrastructure.