Hut 8 Corp. has reported its financial results for the fourth quarter and full year of 2024, highlighting a strong balance sheet, optimized operations, and disciplined growth initiatives. The company posted $162.4 million in full-year revenue, $331.4 million in net income, and $555.7 million in Adjusted EBITDA.

Key operational highlights include a 12,300 MW development pipeline, with 2,800 MW under exclusivity, and a strategic Bitcoin reserve of 10,171 BTC valued at $949.5 million. The company also advanced major AI data center development projects and secured a significant colocation contract with BITMAIN.

Hut 8 emphasized its three-segment operating model: Power, Digital Infrastructure, and Compute, positioning itself for long-term energy-intensive computing applications such as AI and Bitcoin mining.

CEO Asher Genoot expressed confidence in strategic capital allocation and infrastructure expansion, positioning Hut 8 as a leader in digital infrastructure and energy capacity for next-generation technologies.

For more details, investors can visit Hut 8’s Investor Relations page at https://hut8.com/investors/.