Hut 8 Stock Pops As Earnings Highlight AI Pivot

Hut 8 Corp (NASDAQ:HUT) shares are trading slightly higher Wednesday morning after the infrastructure and bitcoin mining company posted a wider-than-expected fourth-quarter loss but highlighted rapid progress in its power-first, AI-focused growth strategy. Here’s what investors need to know.

• Hut 8 stock is trading near recent highs. What’s next for HUT stock?

Fourth Quarter Earnings Miss

The company reported a fourth-quarter loss of $2.63 per share, far below Wall Street's consensus for a 43 cent loss, on revenue of $88.5 million versus expectations of $103.1 million. Despite the earnings miss and a net loss of $301.8 million, results showed strong top-line expansion from $31.7 million a year earlier.

AI Power Strategy Underpins Outlook

Full-year 2025 revenue climbed to $235.1 million, driven largely by $202.3 million from ASIC compute, AI cloud and traditional cloud services. Management emphasized a power-first model built around high-density data centers serving energy-intensive workloads such as artificial intelligence.

A recently signed 15-year, 245-megawatt IT lease at the River Bend campus with Fluidstack carries $7.0 billion in base-term contract value and is financially backstopped by Google.

Balance Sheet Supports Expansion Plans

Hut 8 ended 2025 with roughly $1.4 billion in cash and bitcoin reserves, including $899.3 million attributable to the company itself. The company also arranged credit facilities totaling up to $400 million and outlined an 8,500-megawatt development pipeline across North America, positioning it to scale AI and compute infrastructure over the coming years.

Hut 8 Stock Sustains Uptrend

Hut 8 shares have climbed sharply over the past year, rising from a low near $10.64 in spring 2025 to trade above $50 by February 2026, after peaking around $64.60.

The stock remains in a broader uptrend, with the 20-day and 50-day moving averages trending above the 200-day average, signaling sustained bullish momentum despite recent volatility.

HUT Price Action: Hut 8 shares were up 1.37% at $59.89 at the time of publication on Wednesday, according to Benzinga Pro data.

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