Hut 8 Corp. Q4 2025 Earnings Call Summary

Shifted from cyclical Bitcoin mining CapEx to contracted infrastructure cash flow via the ABC carve-out and River Bend development. Adopted a 'power-first' development strategy, viewing electrons as strategic assets rather than commodities to control the foundational layer of AI infrastructure. Rebuilt the company around capital efficiency and durable cash flow, focusing on compounding assets like power control and scalable campuses. Prioritized institutional credibility, increasing institutional ow ...