Hut 8 Corp. (HUT) Q3 2025 10-Q Quarterly Report
Hut 8 Corp. (HUT) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Hut 8 Corp. Q3 2025 10-Q Analysis
Risk Factors
- • New credit facility: $200M revolving loan with Two Prime at 7.99% interest, collateralized by Bitcoin at 160% margin, no borrowings as of 9/30/25
- • Most updated risk: expansion into AI infrastructure raises operating and capital costs, execution and market risk amid competitive AI sector growth
- • Regulatory/legal risk: ASU 2023-08 revalues Bitcoin at fair value each period, causing significant net income volatility from Bitcoin price fluctuations
- • Operational risk: power constraints critical, with 1,530 MW under development vs 1,117 MW under management; power procurement on competitive, variable terms
- • Financial risk: increased Bitcoin strategic reserve to 13,696 coins, partly pledged as loan collateral, with volatility directly impacting results and liquidity flexibility
Hut 8 Corp. Q3 2025 Quarterly FinancialsXBRL
Revenue
$84M
▲ +90.9% YoY▲ +102.2% QoQ
Net Income
$50M
▲ +7644.8% YoY▼ -63.5% QoQ
Operating Margin
87.0%
▲ +9059bp YoY▼ -36787bp QoQ
Net Margin
60.0%
▲ +5852bp YoY▼ -27248bp QoQ
ROE
3.5%
Total Assets
$2.7B
EPS (Diluted)
$0.46
▲ +1020.0% YoY▼ -65.4% QoQ
Operating Cash Flow
$770,000
▲ +118.3% YoY▲ +101.6% QoQ
Source: XBRL data from Hut 8 Corp. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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