The post Bitcoin Mining Giant Hut 8 Q4 Reveals Massive AI Pivot Despite $301M Loss appeared on BitcoinEthereumNews.com.

Bitcoin Hut 8 released its fourth-quarter and full-year 2025 results on February 25, revealing a dramatic transformation in its business model. Key Takeaways Hut 8 Revenue jumped 179% year over year, but missed expectations. Net loss was driven mainly by a large non-cash Bitcoin revaluation. Gross margin improved significantly to 60%. AI and compute now dominate revenue, marking a clear strategic pivot. Investors focused on the AI growth story, pushing shares higher. While the company posted a steep net loss tied to Bitcoin’s price volatility, revenue surged triple digits as management accelerated its shift toward AI infrastructure and high-performance computing. The market appeared to look past the headline loss. Shares climbed roughly 2.4% following the announcement, suggesting investors are increasingly focused on the company’s long-term AI roadmap rather than short-term crypto accounting swings. Revenue Jumps 179%, But Earnings Swing Deeply Negative For Q4 2025, Hut 8 reported revenue of $88.5 million, up 179% from $31.7 million in the same quarter a year earlier. However, the figure fell short of analyst expectations near $95.6 million. The bottom line showed a sharp reversal. The company posted a net loss of $301.8 million, compared to a $152.0 million profit in Q4 2024. Adjusted EBITDA came in at negative $347.8 million, down from positive $310.6 million a year earlier. Despite the steep loss, earnings per share of -$0.1101 beat analyst forecasts, which had projected a wider loss in the range of roughly -$0.12 to -$0.25 per share. Gross margin improved significantly to 60%, up from 36% in Q4 2024, indicating stronger underlying operating performance even as accounting losses weighed on net results. Bitcoin Accounting Weighs on Results Management attributed the majority of the net loss to a $401.9 million unrealized mark-to-market loss on its Bitcoin holdings. The company ended the year with approximately 13,696…

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Filed under: News - @ February 26, 2026 7:26 am