Hut 8 Corp. (Nasdaq | TSX: HUT) reported a Q1 2025 net loss of $134.3 million, marking a turbulent start to the year as the company executes a bold strategy to become a fully integrated energy infrastructure platform. Quarterly revenue came in at $21.8 million, down from $51.7 million year-over-year, while Adjusted EBITDA was reported at ($117.7) million.

Today we announced our results for Q1 2025, a period of deliberate investment designed to unlock the potential of our development flywheel.

Highlights

– Deployed our upgraded ASIC fleet to end the quarter with 9.3 EH/s at approximately 20 J/TH

– Launched @AmericanBTC to… pic.twitter.com/JoEbWIuMhd

— Hut 8 (@Hut8Corp) May 8, 2025 … Read more on BitcoinMagazine