Hut 8's Q3 Net Income Attributable to Company Rises as Revenue Falls

Hut 8 Corp.'s third-quarter net income attributable to the company rose despite lower revenue, as a large gain on digital assets showed how Bitcoin (BTC) prices can shape a miner's reported earnings. For the quarter ended Sept. 30, 2026, revenue fell to $71.071 million from $83.510 million a year earlier. Net income attributable to Hut 8 increased to $131.071 million from $50.109 million. The quarter included a $413.789 million gain on digital assets. Bitcoin rose from about $59,847 to about $83,415 over the period measured in the filing, increasing the reported value of Hut 8's holdings. Those prices describe the historical quarter, not Bitcoin's current trading level. Changes in Bitcoin's fair value can move Hut 8's reported net income without reflecting a change in its core operating performance.

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