Hut 8 Reports $71.1 Million Revenue as AI Data Center Construction Advances

Nov 4, 2026
Hut 8 reported third quarter revenue of $71.1 million and net income of $189.5 million as it advanced construction at its River Bend and Beacon Point AI data center campuses.

Hut 8 said in a press release that third quarter revenue fell to $71.1 million from $83.5 million a year earlier. Net income rose to $189.5 million from $50.6 million, including $413.8 million in primarily unrealized gains on digital assets.

The company ended the quarter with 1,330 MW of energy capacity under construction, including 330 MW at River Bend and 1,000 MW at Beacon Point. The first River Bend data hall is scheduled for delivery in the second quarter of 2027, while initial delivery at Beacon Point is planned for the third quarter of 2027.

A second Beacon Point lease added about $9.8 billion in expected base term contract value, bringing the campus total to about $19.6 billion. Hut 8 also agreed to acquire two energized sites in West Texas with up to 230 MW of utility capacity for as much as $180 million, with closing possible in the fourth quarter of 2026.

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