Hut 8 Stock Surges Despite Q1 Double Miss

Benzinga05-06

Hut 8 Corp. (NASDAQ:HUT) reported earnings on Wednesday before the market open. Here’s a rundown of the report. Hut reported a loss of $1.98 per share, missing the consensus estimate of a 17 cent-loss...

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Here’s a rundown of the report.\nHut reported a loss of $1.98 per share, missing the consensus estimate of a 17 cent-loss...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/05/52323714/hut-8-stock-surges-despite-q1-double-miss\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hut 8 Stock Surges Despite Q1 Double Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHut 8 Stock Surges Despite Q1 Double Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-06 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/05/52323714/hut-8-stock-surges-despite-q1-double-miss><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hut 8 Corp. (NASDAQ:HUT) reported earnings on Wednesday before the market open. Here’s a rundown of the report.\nHut reported a loss of $1.98 per share, missing the consensus estimate of a 17 cent-loss...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/05/52323714/hut-8-stock-surges-despite-q1-double-miss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHAT","symbol_name":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/05/52323714/hut-8-stock-surges-despite-q1-double-miss","article_id":"2633137748","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/05/06/Stock-chartbenzingaai2023-stock-market-c.png?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/05/52323714/hut-8-stock-surges-despite-q1-double-miss","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2633137748","pubTimestamp":1778075880,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Hut 8 Corp. (NASDAQ: HUT) reported earnings on Wednesday before the market open. Here's a rundown of the report.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","AI":"C3.ai, Inc.","ARTY":"ISHARES FUTURE AI & TECH ETF","BK4543":"AI","BK4587":"ChatGPT概念","AIPO":"Defiance AI and Power Infrastructure ETF","HUTG":"Leverage Shares 2X Long HUT Daily ETF","BK4588":"碎股","BK4600":"加密货币概念","BK4528":"SaaS概念","DAPP":"VanEck Digital Transformation ETF","BK4023":"应用软件","BK4585":"ETF&股票定投概念","AGIX":"通用人工智能 ETF-AGIX","BK4551":"寇图资本持仓","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","HUT":"Hut 8 Mining Corp","BK4595":"比特币概念"},"translate_title":"尽管第一季度双重失误，Hut 8股价仍飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAPP":1.5,"CHAT":0.65,"AI":0.65,"AIYY":0.6,"AIPO":0.65,"ARTY":0.65,"HUTG":0.6,"HUT":1,"AGIX":0.65},"content_text":"Hut 8 Corp. (NASDAQ:HUT) reported earnings on Wednesday before the market open. Here’s a rundown of the report.\nHut reported a loss of $1.98 per share, missing the consensus estimate of a 17 cent-loss. In addition, it reported revenue of $71.01 million, missing the consensus estimate of $81.27 million.\nThe company said it secured $16.8 billion in contracted lease revenue across two hyperscale AI campuses backed by triple-net, take-or-pay agreements with investment-grade counterparties. \nHut also highlighted a recently signed 15-year lease at its Beacon Point AI data center campus for 352 megawatts of IT capacity. The agreement carries approximately $9.8 billion in base-term contract value. \nCEO Asher Genoot said the company's \"power-first development model\" continues to scale across tenants and geographies.\n\"Our initial lease at Beacon Point demonstrates how our distinct power-first development model is repeatable across tenants and geographies,\" Genoot said. \nThe company said it continued construction at its River Bend AI data center campus and, subsequent to quarter-end, closed a $3.25 billion offering of investment-grade senior secured notes to finance the project. Hut said the financing was completed on a non-dilutive, non-recourse basis. \nHut also said it refinanced its $200 million Bitcoin-backed credit facility with FalconX, reducing its cost of debt from 9.0% to 7.0% and increasing Bitcoin held outside collateral covenants by approximately 3,300 BTC. \nDuring the quarter, Hut generated $66 million in revenue from ASIC Compute, AI Cloud and Traditional Cloud solutions. The company also maintained approximately $1.3 billion in cash and Bitcoin holdings as of March 31, 2026. \nHut said its development pipeline totaled 8,375 MW as of May 6, 2026. \nHUT Price Action: At the time of publication, Hut shares are trading 29.86% higher at $104.55, according to data from Benzinga Pro.\nThis illustration was generated using artificial intelligence via Midjourney.\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2633137748","isCrawlerRequest":true}