Hut 8 misses estimates as revenue reaches $74.9 million: Q2 Earnings

Hut 8, a Bitcoin miner transitioning to AI infrastructure services, released second-quarter earnings results on Tuesday. Revenue climbed to $74.9 million from $41.3 million in the comparable prior-year period, representing 81.4% growth. However, the result fell short of consensus expectations by approximately $1.9 million, or 2.4%, as analysts had anticipated $76.8 million in quarterly revenue.
Earnings performance disappointed on a per-share basis. The company reported a GAAP loss of $1.27 per