Hut 8 Corp. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on November 4, 2026, covering the fiscal quarter ended September 30, 2026, and reporting a substantial expansion of its balance sheet alongside a swing to an operating income of $318.2 million for the three-month period.

Key Highlights

  • Total assets of $10.33 billion: The company reported total assets of $10,334,102 thousand as of September 30, 2026, compared with $2,753,720 thousand as of December 31, 2025, according to the filing.
  • Operating income of $318.2 million for Q3 2026: The registrant disclosed operating income of $318,207 thousand for the three months ended September 30, 2026, compared with $72,655 thousand for the same period in 2025.
  • Nine-month operating loss of $258.5 million: For the nine months ended September 30, 2026, the company reported an operating loss of $258,493 thousand, against operating income of $112,864 thousand in the prior-year period.
  • Total revenue declined quarter-over-quarter: Total revenue for Q3 2026 was $71,071 thousand, compared with $83,510 thousand for Q3 2025, the filing disclosed.
  • Non-current loans and financial liabilities surged: Loans, notes payable, and other financial liabilities (less current portion) stood at $7,405,370 thousand as of September 30, 2026, up from $210,235 thousand at December 31, 2025.
  • Shares outstanding increased: As of November 2, 2026, the registrant reported 120,037,556 shares of common stock outstanding, up from 110,091,358 shares at December 31, 2025.
  • Accumulated deficit of $233.5 million: The company reported an accumulated deficit of $233,488 thousand as of September 30, 2026, compared with retained earnings of $5,481 thousand at December 31, 2025.

Hut 8 Corp. Balance Sheet Expansion and Q3 2026 Financial Results

According to the Form 10-Q filed with the SEC for the quarterly period ended September 30, 2026, Hut 8 Corp. (NASDAQ:HUT), a Delaware-incorporated company headquartered in Miami, Florida, reported total assets of $10,334,102 thousand. This represents a significant increase from $2,753,720 thousand at December 31, 2025. The filing attributes a large portion of the balance sheet growth to restricted cash and cash equivalents of $3,555,960 thousand and restricted short-term investments of $2,838,531 thousand, both of which were negligible or absent at year-end 2025. Property and equipment, net also expanded to $1,861,749 thousand from $643,244 thousand over the same period.

On the liabilities side, the company disclosed that non-current loans, notes payable, and other financial liabilities grew to $7,405,370 thousand as of September 30, 2026, from $210,235 thousand at December 31, 2025. Total liabilities reached $8,403,877 thousand, against total equity of $1,930,225 thousand. The company's total equity included non-controlling interests of $369,843 thousand. The filing reported an accumulated deficit of $233,488 thousand as of September 30, 2026, compared with retained earnings of $5,481 thousand at the prior year-end.

For the three months ended September 30, 2026, the registrant reported total revenue of $71,071 thousand, with Compute revenue representing the largest segment at $68,428 thousand. Total cost of revenue for the quarter was $30,225 thousand. A gain on digital assets of $413,789 thousand contributed to operating income of $318,207 thousand in Q3 2026. Interest expense for the quarter was $105,512 thousand and interest income was $61,769 thousand, the filing disclosed. For the nine-month period, the company reported a net loss before income taxes of $269,524 thousand, against net income before income taxes of $80,164 thousand in the comparable prior-year period. The filing noted that forward-looking statements are subject to the company's cautionary language and risk factors described within the report.

What Was Disclosed

Hut 8 Corp. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing a major expansion in total assets to $10.33 billion, a Q3 2026 operating income of $318.2 million, a nine-month operating loss of $258.5 million, and 120,037,556 shares outstanding as of November 2, 2026.