Hut 8 Reports $248 Million Net Loss in 2025, Accelerates Pivot to AI Infrastructure

Hut 8 has reported a net loss of $248 million for the year 2025, a significant shift from a net profit of $331.4 million in 2024. According to The Block, this substantial swing to a loss is primarily attributed to approximately $220 million in unrealized digital asset losses, which offset large unrealized gains from the previous year.

During the same period, the company's revenue increased from $162.4 million to $235.1 million. This revenue was comprised of approximately $202.3 million from its computing business, $23.2 million from power and hosting services, and $9.6 million from digital infrastructure.

In the fourth quarter of 2025, Hut 8 generated $88.5 million in revenue. However, the company recorded a quarterly net loss of $301.8 million, largely due to approximately $401.9 million in unrealized digital asset losses. The adjusted EBITDA for the full year was negative at $135.4 million.

The company's strategic shift from a Bitcoin miner to an AI infrastructure provider is a key factor in its current financial performance and future outlook.

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