Hut 8 Corp.（NASDAQ | TSX：HUT）報告了Q1 2025淨虧損1.343億美元

今天，我們宣布了第一季度2025年第1季度的業績，這是一個故意投資的時期，旨在釋放開發飛輪的潛力。

Hut 8 Corp (Nasdaq: HUT) (TSX: HUT) reported a Q1 2025 net loss of $134.3 million, starting the year with turbulent financials as it pivots to become a fully integrated energy infrastructure platform.

Hut 8 Corp（NASDAQ：HUT）（TSX：HUT）報告了1.343億美元的淨虧損1季度，開始了這一年的動盪，因為它可以使其成為一個完全集成的能源基礎設施平台。

While revenue slid year-over-year to $21.8 million from $51.7 million and Adjusted EBITDA came in at ($117.7) million, the company highlighted strategic growth moves that it believes will pay off in the near future.

雖然收入同比下滑至2180萬美元，從5170萬美元和調整後的EBITDA的收入為（1.177）億美元，但該公司強調了戰略增長的轉變，其認為這將在不久的將來有所回報。

“We announced our results for Q1 2025, a period of deliberate investment designed to unlock the potential of our development flywheel. We deployed our upgraded ASIC fleet to end the quarter with 9.3 EH/s at approximately 20 J/TH and launched American Bitcoin, a majority-owned subsidiary focused on industrial-scale Bitcoin mining. Following a period of disciplined investment and execution, we are pleased with the progress. The streamlined capital allocation framework made possible by the American Bitcoin launch further reinforces our ability to scale lower-cost-of-capital businesses. We believe the returns on this work will become increasingly visible in the quarters ahead,” said Asher Genoot, CEO of Hut 8.

“我們宣布了第1季度2025年第1季度的結果，這是一段故意投資，旨在釋放我們的開發飛輪的潛力。我們部署了升級的ASIC機隊，以9.3 EH/s的限制，以大約20 j/th的速度部署了9.3 EH/S，並啟動了美國比特幣，這是多數群體，該子公司將在工業範圍內的差異和跨越跨度的差異。美國比特幣的推出使資本分配框架成為可能，進一步增強了我們擴展低成本業務的能力。

A key development was the launch of American Bitcoin, a majority-owned subsidiary that will house and operate a portfolio of lower-cost-of-capital Bitcoin mining entities. This move streamlined Hut 8’s capital structure and capital employed, enabling the company to concentrate on maximizing the return on invested capital within its core competency.

一個關鍵的發展是美國比特幣（American Bitcoin）的推出，美國比特幣（American Bitcoin）是多數股權的子公司，該公司將容納和運營較低成本的比特幣採礦實體的投資組合。此舉簡化了小屋8的資本結構和資本，使公司能夠專注於在其核心競爭力內最大化投資資本的回報率。

This launch followed a sweeping ASIC fleet upgrade, which boosted the company’s hashrate by 79% to 9.3 EH/s and improved fleet efficiency by 37% to approximately 20 J/TH.

此次發布之後，ASIC艦隊升級進行了掃描，該升級使公司的哈希拉特（Hashrate）提高了79％至9.3 EH/s，並提高了車隊效率37％，至約20 j/th。

“We continue to execute on our strategy to build a leading U.S. energy infrastructure platform with a focus on lower-cost capital and maximum returns for our shareholders. We are making significant progress on multiple fronts. We are on track to energize the 205 MW Vega site in Q2 and have also begun initial groundwork at the River Bend campus in Louisiana. We also completed the energization of a test rack at Salt Creek and introduced new software tools like Reactor and Operator to optimize ASIC-level operations and energy consumption. Overall, we are pleased with the progress we are making and remain confident in our ability to achieve our goals for the year,” Genoot concluded.

“我們繼續執行我們的策略，以建立一個領先的美國能源基礎設施平台，重點關注較低成本的資本和最大回報，為我們的股東帶來最大的回報。我們在多個方面取得了重大進展。我們有望在第二季度的205 MW Vega站點充滿活力，並開始在路易斯安那州的Rection Rection and Prient of test Rocation and test Alt Cripation and Alt and Alt and Alt and Alt and Alt and Alt and Alt and of Alt and of Alt and of Alt。優化ASIC級別的運營和能源消耗。

As of March 31, 2025, Hut 8 held 10,264 Bitcoin in reserve—valued at approximately $847.2 million—while managing 1,020 megawatts (MW) of energy capacity across 15 sites. The company also reported a ~10,800 MW development pipeline, with ~2,600 MW under exclusivity.

截至2025年3月31日，Hut 8持有10,264個比特幣的預備幣（約為8.472億美元），而在15個地點管理1,020兆瓦（MW）的1,020兆瓦（MW）。該公司還報告了約10,800兆瓦的開發管道，在獨占性範圍內約為2,600兆瓦。

Hut 8’s energy and digital infrastructure segments generated modest revenues of $4.4 million and $1.3 million respectively. However, its compute segment—including Bitcoin mining—led the quarter with $16.1 million.

HUT 8的能源和數字基礎設施領域的收入分別為440萬美元和130萬美元。但是，其計算細分市場（包括比特幣開採）以1610萬美元的價格銷售了季度。

Progress was also made on infrastructure expansion, with the 205 MW Vega site on track for Q2 energization and initial groundwork being laid at the River Bend campus in Louisiana. The company also completed the energization of a test rack at Salt Creek and introduced new software tools like Reactor and Operator to optimize ASIC-level operations and energy consumption.

在基礎設施擴展方面也取得了進展，其中205 MW Vega的站點正上Q2通電，並在路易斯安那州的Bend Bend校園奠定了最初的基礎工作。該公司還完成了Salt Creek測試架的能量，並引入了反應堆和操作員等新軟件工具，以優化ASIC級的操作和能源消耗。