Filing Flows › Hut 8 (HUT) › Q2 2026 › vs Q1 2026
Hut 8 (HUT) Q2 2026 vs Q1 2026 (quarter over quarter)
Hut 8's revenue rose $3.9M (+6%) from $71.0M in Q1 2026 to $74.9M in Q2 2026. The biggest changes: High Performance Computing, Colocation and Cloud +$6.5M (+10%); Power −$2.6M (-69%); Digital Infrastructure −$18K (-1%).
Hut 8, Q2 2026: revenue $74.9M (+81% year over year), operating margin -275.4%, net loss $177M, operating cash flow −$5.6M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| High Performance Computing, Colocation and Cloud | $72.5M | $66.0M | $6.5M | +10% |
| Digital Infrastructure | $1.3M | $1.3M | −$18K | -1% |
| Power | $1.2M | $3.7M | −$2.6M | -69% |
| Revenue | $74.9M | $71.0M | $3.9M | +6% |
| Income tax benefit | $31.5M | $48.9M | −$17.5M | -36% |
| Net loss | $177M | $253M | −$76.0M | -30% |
| Costs & expenses | $284M | $441M | −$158M | -36% |
| Operating costs | $281M | $441M | −$160M | -36% |
| Interest & other, net | $2.3M | −$68.3M | $70.6M | — |
| Cost of revenue | $26.9M | $25.5M | $1.3M | +5% |
| General & admin | $76.1M | $81.7M | −$5.7M | -7% |
| Other operating costs | $178M | $334M | −$156M | -47% |
| Operating cash sources | $177M | $253M | −$76.0M | -30% |
| Depreciation & amortization | $39.7M | $38.4M | $1.3M | +3% |
| Share-based compensation | $51.2M | $50.9M | $365K | +0.7% |
| Working capital & other | $80.6M | $137M | −$56.0M | -41% |
| Cash used in operations | $5.6M | $27.2M | −$21.6M | -79% |
| Net loss absorbed | $177M | $253M | −$76.0M | -30% |
Questions
How much did Hut 8's revenue grow quarter over quarter in Q2 2026?
Hut 8's revenue rose $3.9M (+6%) from $71.0M in Q1 2026 to $74.9M in Q2 2026.
What drove Hut 8's revenue change in Q2 2026?
High Performance Computing, Colocation and Cloud +$6.5M (+10%); Power −$2.6M (-69%); Digital Infrastructure −$18K (-1%).