Hut 8 Q1 Financial Report: AI Data Center Lease Secures $16.8 Billion in Revenue, Releases Approximately 3,300 BTC in Liquidity
By: rootdata|2026/05/06 22:08:37
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According to PR Newswire, Nasdaq-listed btc-42">Bitcoin mining company Hut 8 released its financial performance report for the first quarter of 2026, disclosing that the leases of its two large-scale artificial intelligence parks generated $16.8 billion in revenue. While advancing its AI data center business, its Bitcoin-related operations remain one of the core sources of income, with total revenue of $71 million in Q1, of which approximately $66 million came from ASIC computing power, AI cloud, and traditional cloud services, primarily driven by Bitcoin mining and related computing services.
In addition, Hut 8 completed refinancing of its Bitcoin collateralized loans and released approximately 3,300 BTC (about $260 million) to enhance liquidity and support business expansion. As of the end of March, Hut 8 held cash and Bitcoin with a total value of approximately $1.3 billion, but due to fluctuations in digital asset prices, it recorded a net loss of $253 million for the quarter (of which approximately $296 million was unrealized losses on digital assets).
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