Hut 8 posts $189.5M Q3 profit as revenue falls short of estimates
Photo: Crypto Briefing
Digital asset gains lifted the bottom line while a second 352 MW lease at Beacon Point fully commercialized the Texas AI campus Hut 8 just reported a quarter where revenue shrank and profit more than tripled. Both of those things are true at once. The miner-turned-infrastructure company posted third-quarter 2026 revenue of $71.1 million , below consensus expectations of $76-77 million. Net income came in at $189.5 million , powered mostly by a $413.8 million gain on digital assets. Its Bitcoin holdings did the heavy lifting, not its operations.
Source: Crypto Briefing
