Hut 8 Corp 2026年季度报告

(Mark One) For the quarterly period ended March 31, 2026OR Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports); Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒As of May 4, 2026, the registrant had 112,594,112 shares of its common stock outstanding. Cautionary Statement Regarding Forward-Looking Statements1 PART I – FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and Procedures PART II – OTHER INFORMATION58Item 1. Legal Proceedings58Item 1A. Risk Factors58Item 2. Unregistered Sales of Equity Securities and Use of Proceeds58Item 3. Defaults Upon Senior Securities58Item 4. Mine Safety Disclosures58Item 5. Other Information58Item 6. Exhibits60 Signatures61 Cautionary Statement Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains forward-looking statements withinthe meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, aswell as assumptions, that, if proven incorrect or do not materialize, could cause our results to differmateriallyfrom those expressed or implied by these forward-looking statements.Forward-lookingstatements generally are identified by the words “intend,” “plan,” “may,” “should,” “will,” “project,”“estimate,”“anticipate,”“believe,”“expect,”“continue,”“potential,”“opportunity,”and similarexpressions. All statements other than statements of historical fact are statements that could be deemedforward-looking statements. Such statements are based on management’s current expectations and aresubject to a number of factors and uncertainties that could cause actual results to differ materially from Hut 8 Corp. and SubsidiariesCondensed Consolidated Statements of Operations and Comprehensive Loss Hut 8 Corp. and SubsidiariesCondensed Consolidated Statements of Equity Hut 8 Corp. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited, in USD thousands) Table of Contents Note1. Organization Nature of operations and corporate information Hut 8 Corp. (together with its consolidated subsidiaries, the “Company” or “Hut 8”) is an energyinfrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute.TheCompany develops,commercializes,and operates industrial-scale energy and data center Note2. Basis of presentation, summary of significant accounting policies and recent accountingpronouncements Basis of presentation The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with accounting principles generally accepted in the United States of America (“GAAP”) forinterim financial reporting. While these statements reflect all normal recurring adjustments which are, inthe opinion of management, necessary for fair presentation of the results of the interim period, they do not Interim results are not necessarily indicative of results for a full year. The U.S. Dollar is the functional and presentation currency of the Company. Significant accounting policies followed by the Company in the preparation of the accompanyingUnaudited Condensed Consolidated Financial Statements are summarized below. Principles of consolidation These Unaudited Condensed Consolidated Financial Statements of the Company include the accounts ofthe Company and its controlled subsidiaries. Consolidated subsidiaries’ results are included from the date Unconsolidated investments in which the Company does not have a controlling interest but does havesignificant influence are accounted for as equity method investments, with earnings recorded in other Recent accounting pronouncements The Company continually asse