Hut 8 Reports Q3 Net Profit of USD 131 Million, Holds About 16787 BTC

TechFlow reported on November 4 that, according to Hut 8's quarterly report filed with the U.S. Securities and Exchange Commission, the company's revenue in Q3 2026 was about USD 71.07 million, compared with USD 83.51 million in the same period last year; net profit attributable to Hut 8 was about USD 131 million, compared with about USD 50.11 million in the same period last year, and diluted earnings per share were USD 0.98.

As of September 30, the company held a combined total of about 16787 BTC at a fair value of about USD 1.4 billion, of which Hut 8 held about 8360 BTC and American Bitcoin held about 8427 BTC. American Bitcoin staked 3090 BTC with Bitmain. In the third quarter, fair value gains on BTC were about USD 414 million, and realized gains from selling or disposing of BTC were about USD 39.94 million.

Source: TechFlow