Hut 8 Corp. has unveiled its second quarter financial results for 2025, demonstrating impressive revenue growth and strategic advancements in its energy and digital infrastructure operations. The Company, known for its energy-intensive ventures such as Bitcoin mining and high-performance computing, revealed a promising outlook for its long-term contractual agreements and innovation-driven approach.
“In the second quarter, we delivered strong revenue and margin performance while advancing a fundamental shift in our asset commercialisation profile,” said Asher Genoot, CEO of Hut 8. “Strategic wins across our Power and Digital Infrastructure segments increased the share of energy capacity under management commercialised under executed agreements with terms of one year or longer to nearly 90% at quarter-end, up from less than 30% a year ago, driving a meaningful shift from merchant exposure to long-term, contracted fees. These milestones build on the restructuring of our mining business with the launch of American Bitcoin."
“As we work to commercialise AI data centre opportunities, we continue to apply the power-first, innovation-driven approach that has long defined our strategy and enabled us to build such partnerships. Initially energised during the quarter, Vega is a clear expression of that strategy: designed in-house and increasingly viewed by prospective partners as a prototype for next-generation AI infrastructure. We believe this level of innovation and execution, grounded in first principles, speed, and capital discipline, not only differentiates us but positions us to be a category-defining leader as the sector continues to evolve.”
Power Segment Highlights
- Hut 8 generated $5.5 million from Power Generation and Managed Services revenue, showcasing a strengthened presence in the energy sector.
- With a $10,800 MW development pipeline, the Company finalized five-year contracts for 310 MW of capacity with Ontario's IESO, emphasizing its prowess in exclusive energy projects.
- The development of AI data centers, particularly the 430 MW River Bend project in Louisiana, demonstrates Hut 8's forward-thinking strategy.
Digital Infrastructure Progress
- The quarter saw $1.5 million in revenues from ASIC Colocation and CPU Colocation services, highlighting Hut 8's diverse offerings.
- The energization of the Vega data center underlines a leap in digital infrastructure, providing up to 205 MW for prominent partners like BITMAIN.
- American Bitcoin emerged as a strategic partner, enhancing Hut 8's service capabilities with over 130 MW of ASIC Colocation capacity.
