Hut 8's Power Segment Under Pressure: Can New Contracts Offset Losses?

Key Takeaways HUT's Power segment revenues fell after ending the Ionic Digital MSA, removing $17.8M in recurring services.HUT's four Ontario gas plants boosted output, but gains didn't replace lost managed services revenues.Hut 8 expanded American Bitcoin contracts; 85% capacity has 1 year terms, though monetization lags.HUT 8 Corp.’s (HUT) power segment faces clear pressure as losing a major contract has caused a clear near-term revenue drag. This is seen in the steady drop in Power segment revenues over t ...