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Hut 8 vs Medallion Financial: HUT and MFIN compared
Hut 8 is the larger company: $71.1M of revenue in its latest quarter (Q3 2026) against $61.8M for Medallion Financial (Q3 2026). Medallion Financial is growing faster (+5% against -15% a year earlier). Hut 8 is more profitable, with an operating margin of 447.7% against 11.4%.
Where the money goes: HUT and MFIN
Hut 8 (HUT) · Q3 2026
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 follows the revenue to costs, profit and cash.
Medallion Financial (MFIN) · Q3 2026
Medallion Financial, Q3 2026: revenue $61.8M (+5% year over year), operating margin 11.4%, net earnings $2.4M, operating cash flow $44.6M. The chart follows the revenue to costs, profit and cash.
| Hut 8 (HUT) | Medallion Financial (MFIN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $71.1M | $61.8M |
| Revenue growth, Y/Y | -15% | +5% |
| Operating margin | 447.7% | 11.4% |
| Net earnings | $131M | $2.4M |
| Net margin | 184.4% | 3.9% |
| Operating cash flow | $27.8M | $44.6M |
Where the revenue comes from
Hut 8
- High Performance Computing Colocation and Cloud: $68.4M (96%)
- Digital Infrastructure: $1.4M (2%)
- Power: $1.3M (2%)
Medallion Financial
- Net interest income: $58.4M (94%)
- Noninterest income: $3.4M (6%)
Questions
Which is bigger, Hut 8 or Medallion Financial?
Hut 8 is the larger company: $71.1M of revenue in its latest quarter (Q3 2026) against $61.8M for Medallion Financial (Q3 2026).
Is Hut 8 or Medallion Financial growing faster?
Medallion Financial is growing faster (+5% against -15% a year earlier).
Which is more profitable, Hut 8 or Medallion Financial?
Hut 8 is more profitable, with an operating margin of 447.7% against 11.4%.
More: Hut 8 earnings · how Hut 8 makes money · Medallion Financial earnings · how Medallion Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.