HUT 8 Q3 Earnings Beat Estimates, Revenues Up Y/Y, Shares Up

HUT 8 Corp. HUT reported a loss per share of 7 cents for the third quarter of 2025, which was narrower than a loss of 26 cents in the year-ago quarter. The figure beat the Zacks Consensus Estimate by 56.25%. Revenues increased 91% year over year to $83.5 million, surpassing the Zacks Consensus Estimate by 31.47%. This growth was primarily driven by the expansion of Bitcoin mining revenue through American Bitcoin, a purpose-built Bitcoin accumulation vehicle launched earlier in 2025.HUT shares have surged 2.10% in pre-market trading.HUT Q3 Segmental DetailsPower revenues (10% of total revenues) decreased 68% year over year to $8.4 million, beating the Zacks Consensus Estimate by 42.41%. The year-over-year decline was due to the termination of the managed services agreement with Ionic Digital. Hut 8 Corp. Price, Consensus and EPS Surprise Hut 8 Corp. price-consensus-eps-surprise-chart | Hut 8 Corp. QuoteDigital Infrastructure (6% of total revenues) increased 32.5% year over year to $5.1 million, missing the Zacks Consensus Estimate by 27.28%. The year-over-year growth was driven by increased ASIC colocation activity at the Vegas site.Compute (84% of total revenues) increased 411.4% year over year to $70 million, beating the Zacks Consensus Estimate by 36.53%. The growth was primarily driven by the expansion of Bitcoin mining revenues from American Bitcoin.In the third quarter of 2025, Hut 8 launched its largest expansion initiative, spanning four U.S. locations with a combined 1,530 megawatts of utility capacity, potentially doubling the scale of its platform.HUT Q3 Operating DetailsGeneral and administrative expenses rose 59.9% year over year to $25.9 million in the reported quarter.HUT reported an operating income of $72.6 million for the third quarter of 2025 compared to an operating loss of $1.56 million in the year-ago quarter.Net income was $50.6 million, marking a significant rise from $0.9 million a year ago.Adjusted EBITDA was $109 million compared with $5.6 million in the year-ago quarter.HUT Balance Sheet DetailsAs of Sept. 30, 2025, HUT had cash of $33.49 million compared with $216.25 million as of June 30, 2025.Strategic Bitcoin Reserve had 13,696 Bitcoin in reserve with a market value of approximately $1.6 billion as of Sept. 30, 2025, of which 10,278 were held by Hut 8 and 3,418 were held by American Bitcoin.Zacks Rank & Stocks to ConsiderHUT currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Finance sector are Abacus Global Management ABL, American Healthcare REIT AHR and Accelerant Holdings ARX, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Abacus Global Management is slated to report third-quarter 2025 results on Nov. 6. Abacus Global Management shares have lost 35.6% year to date.American Healthcare REIT is set to report third-quarter 2025 results on Nov. 6. American Healthcare REIT shares have risen 61.8% year to date.Accelerant Holdings is set to report third-quarter 2025 results on Nov. 13. Accelerant Holdings shares have lost 54.5% year to date.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX): Free Stock Analysis Report Hut 8 Corp. (HUT): Free Stock Analysis Report Abacus Life, Inc. (ABL): Free Stock Analysis Report American Healthcare REIT, Inc. (AHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks