Short answer
Hut 8 Corp. (HUT) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $71M (up 225.5% year over year) with net income of −$220M.
Q1 2026 key financials · XBRL
- Revenue
- $71M
- +225.5% YoY
- Net income
- −$220M
- −64.2% YoY
- Operating margin
- -521.5%
- EPS (diluted)
- −$1.98
- −52.3% YoY
Source: XBRL data from the Hut 8 Corp. (HUT) Q1 2026 10-Q on SEC EDGAR. USD.
Hut 8 Corp. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Beacon Point strongest development: $9.8B base contract value, $655.0M average annual NOI
- Cash deployment: $75.4M Far North proceeds, $10.0M buyout and $27.9M lease settlement
- Outlook: AI infrastructure expansion amid power constraints, Bitcoin volatility, and rising network difficulty
Risk Factors
- No material changes to 10-K risk factors disclosed
- New $200.0 million FalconX loan, maturing April 30, 2027 at 7.00% interest
- Bitcoin collateral below 105% threshold, permitting default declaration and liquidation
- Collateral ratio below 130% triggers margin call to restore 143% coverage
- Lender may sell pledged Bitcoin following specified events of default
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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