Hut 8 Corp.（NASDAQ | TSX：HUT）报告了Q1 2025净亏损1.343亿美元

今天，我们宣布了第一季度2025年第1季度的业绩，这是一个故意投资的时期，旨在释放开发飞轮的潜力。

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）报告了1.343亿美元的净亏损1季度，开始了这一年的动荡，因为它可以使其成为一个完全集成的能源基础设施平台。

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.

虽然收入同比下滑至2180万美元，从5170万美元和调整后的EBITDA的收入为（1.177）亿美元，但该公司强调了战略增长的转变，其认为这将在不久的将来获得回报。

“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.

“我们宣布了第1季度2025年第1季度的结果，这是一段故意投资，旨在释放我们的开发飞轮的潜力。我们部署了升级的ASIC机队，以9.3 EH/s的限制，以大约20 j/th的速度部署了9.3 EH/S，并启动了美国比特币，这是多数群体，该子公司将在工业范围内的差异和跨越跨度的差异。美国比特币的推出使资本分配框架成为可能，进一步增强了我们扩展低成本业务的能力。

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.

一个关键的发展是美国比特币（American Bitcoin）的推出，美国比特币（American Bitcoin）是多数股权的子公司，该公司将容纳和运营较低成本的比特币采矿实体的投资组合。此举简化了小屋8的资本结构和资本，使公司能够专注于在其核心竞争力内最大化投资资本的回报率。

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.

此次发布之后，ASIC舰队升级进行了扫描，该升级使公司的哈希拉特（Hashrate）提高了79％至9.3 EH/s，并提高了车队效率37％，至约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.

“我们继续执行我们的策略，以建立一个领先的美国能源基础设施平台，重点关注较低成本的资本和最大回报，为我们的股东带来最大的回报。我们在多个方面取得了重大进展。我们有望在第二季度的205 MW Vega站点充满活力，并开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。优化ASIC级别的运营和能源消耗。

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个比特币的预备币（约为8.472亿美元），而在15个地点管理1,020兆瓦（MW）的1,020兆瓦（MW）。该公司还报告了约10,800兆瓦的开发管道，在独占性范围内约为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的能源和数字基础设施领域的收入分别为440万美元和130万美元。但是，其计算细分市场（包括比特币开采）以1610万美元的价格销售了季度。

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.

在基础设施扩展方面也取得了进展，其中205 MW Vega的站点正上Q2通电，并在路易斯安那州的Bend Bend校园奠定了最初的基础工作。该公司还完成了Salt Creek测试架的能量，并引入了反应堆和操作员等新软件工具，以优化ASIC级的操作和能源消耗。