Hut 8 Reports Fourth Quarter and Full Year 2024 Results

Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025 12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024 Earnings Release Highlights Full year 2024 revenue of $162.4 million, net income of$331.4 million, and Adjusted EBITDA of $555.7 million.Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of$31.63, a 30% decrease from the fourth quarter of 2023.Total energy capacity under management of 1,020 ...