Hut 8 Q3 earnings: $83.5M in revenue, 1.5 GW under development

Hut 8’s Q3 earnings are out, and the data center infrastructure provider reported $83.5 million in revenue and emphasized that shovels are in the ground for a 1.5 GW expansion. Hut 8’s (NASDAQ: HUT) revenue for the quarter is up nearly double from Q3 2024’s $43.7 million, $70 million of which came from its compute business line which consists of its hosting revenue from subsidiary American Bitcoin (NASDAQ: ABTC) and its high-performance compute segment. Hut 8 generated the remainder of its Q3 revenue from ...