Financial Struggles in 2025
Hut 8 faced significant financial strain in 2025, recording a net loss of $248 million compared to a $331.4 million net profit in 2024. This sharp downturn was primarily driven by approximately $220 million in unrealized losses on digital assets.
Growth in Revenue, Pressure from Asset Volatility
Although revenue increased to $235.1 million in 2025 (up from $162.4 million in 2024), performance was heavily impacted by the decline in digital asset values.
Strategic Shift: From Bitcoin Mining to AI Infrastructure
Hut 8 is accelerating its transformation from a Bitcoin mining firm into a hybrid developer focused on power and AI infrastructure. The company announced a major 15-year, $7 billion AI leasing agreement, backed financially by Google.
- Net Loss in 2025: $248 million
- Net Profit in 2024: $331.4 million
- Revenue in 2025: $235.1 million
- Unrealized Digital Asset Loss: $220 million
- Development Pipeline: 8.5GW