Hut 8 encountered a net loss of 279.7 million USD in Q4, down from a profit of 152.2 million USD last year. Revenue improved to 88.5 million USD, with compute-related revenue hitting 81.9 million USD, reflecting growth in AI ventures.
Hut 8 reported a severe loss of 401.9 million USD on digital assets, contrasting sharply with the previous year’s 308.2 million USD profit. The company closed the year with about 1.4 billion USD in cash and Bitcoin reserves, alongside a strategic shift towards AI with a 7 billion USD lease.
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