Hut 8 Corp. (HUT) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Hut 8 Corp. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Remaining financing cash flows, net (calculated) → financing reconciliation: $7,405,792,000.00Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs → financing reconciliation: $33,586,000.00Proceeds from the issuance of common stock - stock option exercises → financing reconciliation: $10,284,000.00financing reconciliation → Net cash from financing activities: $7,449,662,000.00Net proceeds from sale of the Far North JV, net of cash divested → investing reconciliation: $1,164,000.00Proceeds from sale of property and equipment → investing reconciliation: $49,000.00Net cash used in investing activities → investing reconciliation: $583,958,000.00investing reconciliation → Purchases of property and equipment: $579,565,000.00investing reconciliation → Bitcoin purchased: $4,000,000.00investing reconciliation → Deposits for future sites: $1,606,000.00Net cash used in operating activities → operating reconciliation: $5,623,000.00Loss (gain) on digital assets → operating reconciliation: $138,597,000.00Stock-based compensation → operating reconciliation: $51,239,000.00Remaining operating cash flows, net (calculated) → operating reconciliation: $46,443,000.00Depreciation and amortization → operating reconciliation: $39,727,000.00Distributions of earnings from unconsolidated joint venture → operating reconciliation: $9,700,000.00Accounts payable and accrued expenses → operating reconciliation: $4,929,000.00Deposits and prepaid expenses → operating reconciliation: $3,222,000.00Foreign exchange loss (gain) → operating reconciliation: $3,219,000.00Income taxes payable → operating reconciliation: $1,923,000.00Paid-in-kind interest expense → operating reconciliation: $1,456,000.00Deferred revenue → operating reconciliation: $1,068,000.00Amortization of operating right-of-use assets → operating reconciliation: $888,000.00Non-cash lease expense → operating reconciliation: $593,000.00Loss (gain) on other financial liability → operating reconciliation: $98,000.00operating reconciliation → Net (loss) income: $177,142,000.00operating reconciliation → ASIC compute revenue: $67,238,000.00operating reconciliation → Deferred tax assets and liabilities: $33,127,000.00operating reconciliation → Gain on derivatives: $18,315,000.00operating reconciliation → Equity in earnings of unconsolidated joint venture: $5,671,000.00operating reconciliation → Accounts receivable, net: $4,816,000.00operating reconciliation → Operating lease liabilities: $1,284,000.00operating reconciliation → Gain on sale of the Far North JV, net of transaction costs: $1,110,000.00operating reconciliation → Gain on warrant liability: $22,000.00Exchange-rate effect → Cash sources and uses: $19,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $160,626,000.00Net cash from financing activities → Cash sources and uses: $7,449,662,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,020,726,000.00Cash sources and uses → Net cash used in investing activities: $583,958,000.00Cash sources and uses → Net cash used in operating activities: $5,623,000.00Net (loss) income: -$177,142,000.00Net (loss) income−$177.14 MDepreciation and amortization: $39,727,000.00Depreciation & amortization+$39.73 MAmortization of operating right-of-use assets: $888,000.00Operating lease amortization+$888.00 KNon-cash lease expense: $593,000.00Non-cash lease expense+$593.00 KStock-based compensation: $51,239,000.00Stock-based compensation+$51.24 MEquity in earnings of unconsolidated joint venture: -$5,671,000.00Equity-method results−$5.67 MDistributions of earnings from unconsolidated joint venture: $9,700,000.00Equity-method distributions+$9.70 MASIC compute revenue: -$67,238,000.00ASIC compute revenue−$67.24 MLoss (gain) on digital assets: $138,597,000.00Loss (gain) on digital assets+$138.60 MDeferred tax assets and liabilities: -$33,127,000.00Deferred income taxes−$33.13 MForeign exchange loss (gain): $3,219,000.00Foreign exchange loss (gain)+$3.22 MGain on derivatives: -$18,315,000.00Gain on derivatives−$18.32 MLoss (gain) on other financial liability: $98,000.00Financial liability gain & loss+$98.00 KGain on warrant liability: -$22,000.00Derivative gain & loss, pretax−$22.00 KGain on sale of the Far North JV, net of transaction costs: -$1,110,000.00Disposal group gain & loss−$1.11 MPaid-in-kind interest expense: $1,456,000.00Paid-in-kind interest+$1.46 MAccounts receivable, net: -$4,816,000.00Accounts receivable−$4.82 MDeposits and prepaid expenses: $3,222,000.00Deposits and prepaid expenses+$3.22 MIncome taxes receivable: -$0.00Income taxes payable: $1,923,000.00Income taxes payable+$1.92 MAccounts payable and accrued expenses: $4,929,000.00Payables & accrued liabilities+$4.93 MDeferred revenue: $1,068,000.00Deferred revenue+$1.07 MOperating lease liabilities: -$1,284,000.00Operating lease liabilities−$1.28 MRemaining operating cash flows, net (calculated): $46,443,000.00Remaining operating (calculated)+$46.44 MNet cash used in operating activities: -$5,623,000.00. Cash required to fund net payments.Operating cash−$5.62 Moperating reconciliation: $308,725,000.00Principal payments on finance lease: -$0.00Settlement of finance lease obligation in connection with sale of the Far North JV: -$0.00Cash paid to buyout non-controlling interest of the Far North JV: -$0.00Proceeds from the issuance of common stock - stock option exercises: $10,284,000.00Stock option exercises+$10.28 MProceeds from the issuance of common stock - at-the-market offering, net of issuance costs: $0.00Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs: $33,586,000.00American Bitcoin stock, net+$33.59 MRemaining financing cash flows, net (calculated): $7,405,792,000.00Remaining financing (calculated)+$7.41 BNet cash from financing activities: $7,449,662,000.00Financing cash+$7.45 Bfinancing reconciliation: $7,449,662,000.00Bitcoin purchased: -$4,000,000.00Digital asset purchases−$4.00 MDeposits for future sites: -$1,606,000.00Deposits for future sites−$1.61 MPurchases of property and equipment: -$579,565,000.00Equipment purchases−$579.57 MProceeds from sale of property and equipment: $49,000.00PP&E sales+$49.00 KNet proceeds from sale of the Far North JV, net of cash divested: $1,164,000.00Business sales, net of cash+$1.16 MNet cash used in investing activities: -$583,958,000.00. Cash required to fund net payments.Investing cash−$583.96 Minvesting reconciliation: $585,171,000.00Cash sources and uses: $7,610,307,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $160,626,000.00Beginning cash$160.63 MEnding cash: Cash, cash equivalents, and restricted cash: $7,020,726,000.00Ending cash$7.02 BExchange-rate effect: $19,000.00FX effect+$19.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$177.14M + net operating adjustments $171.52M = operating cash −$5.62MFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$6.86 BEnding cash − beginning cash
Chart details

Hut 8 Corp. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
160,626,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 5,623,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Amortization of debt discount), so Amortization of debt discounts and issuance costs, (Gain) loss on sale of property and equipment and Interest payable cannot be separated for this quarter. It may combine inflows and outflows.
Net (loss) income
negative 177,142,000 US dollars
Depreciation and amortization
39,727,000 US dollars
Amortization of operating right-of-use assets
888,000 US dollars
Non-cash lease expense
593,000 US dollars
Stock-based compensation
51,239,000 US dollars
Equity in earnings of unconsolidated joint venture
negative 5,671,000 US dollars
Distributions of earnings from unconsolidated joint venture
9,700,000 US dollars
ASIC compute revenue
negative 67,238,000 US dollars
Loss (gain) on digital assets
138,597,000 US dollars
Deferred tax assets and liabilities
negative 33,127,000 US dollars
Foreign exchange loss (gain)
3,219,000 US dollars
Gain on derivatives
negative 18,315,000 US dollars
Loss (gain) on other financial liability
98,000 US dollars
Gain on warrant liability
negative 22,000 US dollars
Gain on sale of the Far North JV, net of transaction costs
negative 1,110,000 US dollars
Paid-in-kind interest expense
1,456,000 US dollars
Accounts receivable, net
negative 4,816,000 US dollars
Deposits and prepaid expenses
3,222,000 US dollars
Income taxes receivable
0 US dollars
Income taxes payable
1,923,000 US dollars
Accounts payable and accrued expenses
4,929,000 US dollars
Deferred revenue
1,068,000 US dollars
Operating lease liabilities
negative 1,284,000 US dollars
Remaining operating cash flows, net (calculated)
46,443,000 US dollars
Investing activities
negative 583,958,000 US dollars. Net cash used.
Bitcoin purchased
negative 4,000,000 US dollars
Deposits for future sites
negative 1,606,000 US dollars
Purchases of property and equipment
negative 579,565,000 US dollars
Proceeds from sale of property and equipment
49,000 US dollars
Net proceeds from sale of the Far North JV, net of cash divested
1,164,000 US dollars
Financing activities
7,449,662,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Settlement of finance lease obligation in connection with sale of Far North JV, Cash paid to buyout non-controlling interest of Far North JV and Repayments of loans payable), so Proceeds from loans and notes payable, Repayments of loans and notes payable and Debt issuance costs paid cannot be separated for this quarter. It may combine inflows and outflows.
Principal payments on finance lease
0 US dollars
Settlement of finance lease obligation in connection with sale of the Far North JV
0 US dollars
Cash paid to buyout non-controlling interest of the Far North JV
0 US dollars
Proceeds from the issuance of common stock - stock option exercises
10,284,000 US dollars
Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs
0 US dollars
Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs
33,586,000 US dollars
Remaining financing cash flows, net (calculated)
7,405,792,000 US dollars
Operating adjustment reconciliation
308,725,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing displayed reconciliation
7,449,662,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
585,171,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
19,000 US dollars
Ending cash on Jun 30, 2026
7,020,726,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,610,307,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
6,860,100,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$177.14M + net operating adjustments $171.52M = operating cash −$5.62M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
Hut 8 Corp. (HUT) FY2026 Q2 Statement of Cash Flows Sankey chart
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