Hut 8 Corp 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission file number 001-41864Hut 8 Corp.(Exact name of registrant as specified in its charter) 92-2056803 (I.R.S. Employer Identification No.) (305) 224-6427(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: 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);and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ 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 registrantwas required to submit such files).Yes☒No☐ 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 reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ 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. TABLE OF CONTENTS Cautionary Statement Regarding Forward-Looking Statements1 PART I – FINANCIAL INFORMATION2Item 1. Financial Statements2Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations41Item 3. Quantitative and Qualitative Disclosures About Market Risk56Item 4. Controls and Procedures57 Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits 58585858585860 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 fromthose described in the forward-looking statements. There can be no assurance that actual results orbusiness conditions will not differ materially from those projected or suggested in such forward-lookingstatements as a result of various factors, including those described in Part I, Item 1A, “Risk Factors” in theAnnual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Annual Report”) and inPart II, Item 1A, “Risk Factors” of this Quarterly Report. Except as required by law, we do not assume anyobligation to update or revise these forward-looking statements for any reason, even if new informationbecomes available in the future. PART I – FINANCIAL INFORMATIONItem 1. Financial Statements Hut 8 Corp. and SubsidiariesCondensed Consolidated Balance Sheets(in USD thousands, except share and per share data) Current liabilitiesAccounts payable and accrued expenses$43,927$44,519Miner purchase liability, current portion—100,910Deferred revenue1,9701,458Operating lease liability, current portion2,8522,891Loans, notes payable, and other financial liabilities, current portion199,966199,926Income taxes payable3,712115Liabilities held for sale—25,764Total current liabilities252,427375,583 Non-current liabilitiesMiner purchase liability, less current portion360,877332,153Operating lease liabil