Filing Flows › Hut 8 (HUT) › Q3 2026 › vs Q2 2026
Hut 8 (HUT) Q3 2026 vs Q2 2026 (quarter over quarter)
Hut 8's revenue fell $3.9M (-5%) from $74.9M in Q2 2026 to $71.1M in Q3 2026. The biggest changes: High Performance Computing Colocation and Cloud −$4.0M (-6%); Digital Infrastructure +$99K (+8%); Power +$83K (+7%). Operating margin 447.7% against -275.4% (+723.1 pts).
Hut 8, Q3 2026: revenue $71.1M (-15% year over year), operating margin 447.7%, net earnings $131M, operating cash flow $27.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 447.7% | -275.4% | +723.1 pts |
| Net margin | 184.4% | -200.4% | +384.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| High Performance Computing Colocation and Cloud | $68.4M | $72.5M | −$4.0M | -6% |
| Digital Infrastructure | $1.4M | $1.3M | $99K | +8% |
| Power | $1.3M | $1.2M | $83K | +7% |
| Revenue | $71.1M | $74.9M | −$3.9M | -5% |
| Operating profit | $318M | −$206M | $525M | — |
| Pre-tax earnings | $241M | −$209M | $450M | — |
| Other expense, net | $77.0M | $2.3M | $74.8M | 34× |
| Net earnings | $131M | −$150M | $281M | — |
| Minority interests | $58.4M | −$27.0M | $85.4M | — |
| Income tax | $51.7M | −$31.5M | $83.1M | — |
| Operating cash sources | $236M | −$59.2M | $295M | — |
| Depreciation & amortization | $40.1M | $39.7M | $419K | +1% |
| Share-based compensation | $64.7M | $51.2M | $13.5M | +26% |
| Working capital & other | $208M | −$53.6M | $262M | — |
| Operating cash flow | $27.8M | −$5.6M | $33.4M | — |
Questions
How much did Hut 8's revenue grow quarter over quarter in Q3 2026?
Hut 8's revenue fell $3.9M (-5%) from $74.9M in Q2 2026 to $71.1M in Q3 2026.
What drove Hut 8's revenue change in Q3 2026?
High Performance Computing Colocation and Cloud −$4.0M (-6%); Digital Infrastructure +$99K (+8%); Power +$83K (+7%).