Hut 8 posts $279.7M Q4 loss as compute revenue jumps and $7B AI lease advances

Hut 8 reported a fourth-quarter net loss of $279.7 million on Dec. 31, reversing income of $152.2 million a year earlier, while quarterly revenue climbed to $88.5 million. Compute revenue rose to $81.9 million over the same period, and the miner agreed to a 15-year, $7 billion AI data center lease backed by Google as it shifts deeper into high-performance computing. The company ended the year with about $1.4 billion in cash and Bitcoin reserves and access to up to $400 million in revolving credit.