Hut 8 Corp. · NASDAQ:HUT
Hut 8 — Q1 2026 Earnings Presentation
17 slides from Hut 8's earnings presentation, May 6, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation May 6, 2026 Hut 8
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Information This presentation includes “forward-looking information” and “forward-looking statements” within the meaning of presentation as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, Canadian secur
Slide 3: Agenda
Agenda 01 Business update 02 Financial update Hut 8
Slide 4: Business update
Business update Y VW AWS \ Hut 8
Slide 5: Beacon Point data center: Preliminary rendering
Beacon Point data center: Preliminary rendering Hut 8 5
Slide 6: Hut 8 has secured $16.8B of contracted lease value to date
Hut 8 has secured $16.8B of contracted lease value to date $1.1B in average annualized NOI expected under 15-year NNN leases with investment-grade counterparties TOTAL CONTRACTED LEASE VALUE SITE CONTRACTED LEASE LEASE EXPECTED EXPECTED AVG COUNTERPARTY IT CAPACITY STRUCTURE TERM BASE-TERM ANNUALIZE
Slide 7: Our development platform: 9+ GW of energy capacity
Our development platform: 9+ GW of energy capacity Includes 710 MW of Energy Capacity Under Management and a 8,375 MW1 Development Pipeline Hut 8 Development Platform as of May 6, 2026 710 MW 9,085 MW 830 MW 550 MW 1,680 MW1 5,315 MW Energy Capacity Energy Capacity Energy Capacity Energy Capacity En
Slide 8: Financial update
Agenda 01 Business update 02 Financial update Hut 8
Slide 9: Q1 2026 financial highlights
Q1 2026 financial highlights Revenue Gross Margin $21.8M $71.0M 14% 64% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Net Loss Adjusted EBITDA1 $134.3M $253.1M ($117.7M) ($250.5M) Includes unrealized mark-to- Includes unrealized mark-to- Includes unrealized mark-to- Includes unrealized mark-to- market loss of $11
Slide 10: Results by segment: Power
Results by segment: Power Segment Results Segment Overview Q1 2026 REVENUE COMMENTARY – $0.7 million year-over-year decrease in Power Generation1 $3.7M revenue, primarily attributable to the sale of our 310 MW portfolio of natural gas power plants in February 2026 Power Generation1: Power generation
Slide 11: Results by segment: Digital Infrastructure
Results by segment: Digital Infrastructure Segment Results Segment Overview Q1 2026 REVENUE COMMENTARY – Revenue consistent with prior-year period $1.3M – As with Managed Services, revenue from our ASIC Colocation Agreement with American Bitcoin is eliminated in consolidation Building and operating
Slide 12: Results by segment: Compute
Results by segment: Compute Segment Results Segment Overview Q1 2026 REVENUE COMMENTARY – $49.9 million year-over-year increase primarily via ASIC Compute $66.0M revenue, reflecting an increase in number of Bitcoin mined from ~135 to ~817, driven by improved uptime following ASIC fleet upgrades and
Slide 13: Capital strategy update
Capital strategy update YTD 2026 Update Capital Strategy Pillars Upheld a strong liquidity position, supported by approximately $1.3 billion in cash and Bitcoin holdings as of quarter-end 01 Maintain strong parent-level liquidity Closed $3.25 billion offering of fully amortizing 16.5 year investment
Slide 14: Q&A
Q&A Asher Genoot, Chief Executive Officer Sean Glennan, Chief Financial Officer Bryan Baratian, Investor Relations Hut 8
Slide 15: Appendix
Appendix Wy ZINS y NS \ /|
Slide 16: Q1 2026: Adjusted EBITDA Reconciliation
Q1 2026: Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Note on Adjusted EBITDA In addition to our results determined in accordance with GAAP, we rely on Adjusted EBITDA to Three Months Ended evaluate our business, measure our performance, and make strategic decisions. Adjusted March
Slide 17: Hut 8
Hut 8 Investor Relations ir@hut8.com Public Relations media@hut8.com