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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Hut 8 Corp. cash flow reconciliation, Jan 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. 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.Proceeds from loans and notes payable → financing reconciliation: $7,700,000,000.00Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs → financing reconciliation: $144,088,000.00Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs → financing reconciliation: $120,120,000.00Proceeds from the issuance of common stock - stock option exercises → financing reconciliation: $10,332,000.00financing reconciliation → Net cash from financing activities: $7,640,659,000.00financing reconciliation → Repayments of loans and notes payable: $217,700,000.00financing reconciliation → Debt issuance costs paid: $84,508,000.00financing reconciliation → Settlement of finance lease obligation in connection with sale of the Far North JV: $20,756,000.00financing reconciliation → Cash paid to buyout non-controlling interest of the Far North JV: $9,960,000.00financing reconciliation → Principal payments on finance lease: $957,000.00Net proceeds from sale of the Far North JV, net of cash divested → investing reconciliation: $64,765,000.00Proceeds from sale of property and equipment → investing reconciliation: $49,000.00investing reconciliation → Purchases of property and equipment: $616,182,000.00investing reconciliation → Bitcoin purchased: $65,317,000.00investing reconciliation → Deposits for future sites: $18,445,000.00Net cash used in operating activities → operating reconciliation: $32,845,000.00Loss (gain) on digital assets → operating reconciliation: $434,254,000.00Stock-based compensation → operating reconciliation: $102,113,000.00Depreciation and amortization → operating reconciliation: $78,169,000.00Interest payable → operating reconciliation: $45,549,000.00Accounts receivable, net → operating reconciliation: $18,484,000.00Distributions of earnings from unconsolidated joint venture → operating reconciliation: $17,700,000.00Foreign exchange loss (gain) → operating reconciliation: $5,939,000.00Income taxes payable → operating reconciliation: $5,520,000.00Deposits and prepaid expenses → operating reconciliation: $3,980,000.00Paid-in-kind interest expense → operating reconciliation: $3,215,000.00Deferred revenue → operating reconciliation: $1,580,000.00Amortization of operating right-of-use assets → operating reconciliation: $1,567,000.00Non-cash lease expense → operating reconciliation: $1,144,000.00Amortization of debt discounts and issuance costs → operating reconciliation: $1,098,000.00Loss (gain) on other financial liability → operating reconciliation: $759,000.00Income taxes receivable → operating reconciliation: $341,000.00operating reconciliation → Net (loss) income: $430,277,000.00operating reconciliation → ASIC compute revenue: $129,355,000.00operating reconciliation → Deferred tax assets and liabilities: $85,392,000.00operating reconciliation → Gain on derivatives: $59,132,000.00operating reconciliation → Gain on sale of the Far North JV, net of transaction costs: $34,711,000.00operating reconciliation → Equity in earnings of unconsolidated joint venture: $12,101,000.00operating reconciliation → Operating lease liabilities: $2,573,000.00operating reconciliation → Accounts payable and accrued expenses: $592,000.00operating reconciliation → Gain on warrant liability: $91,000.00operating reconciliation → (Gain) loss on sale of property and equipment: $33,000.00Net cash used in investing activities → investing reconciliation: $635,130,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $48,614,000.00Net cash from financing activities → Cash sources and uses: $7,640,659,000.00Cash sources and uses → Exchange-rate effect: $572,000.00Cash 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: $635,130,000.00Cash sources and uses → Net cash used in operating activities: $32,845,000.00Net (loss) income: -$430,277,000.00Net (loss) income−$430.28 MDepreciation and amortization: $78,169,000.00Depreciation & amortization+$78.17 MAmortization of operating right-of-use assets: $1,567,000.00Operating lease amortization+$1.57 MNon-cash lease expense: $1,144,000.00Non-cash lease expense+$1.14 MStock-based compensation: $102,113,000.00Stock-based compensation+$102.11 MEquity in earnings of unconsolidated joint venture: -$12,101,000.00Equity-method results−$12.10 MDistributions of earnings from unconsolidated joint venture: $17,700,000.00Equity-method distributions+$17.70 MASIC compute revenue: -$129,355,000.00ASIC compute revenue−$129.36 MLoss (gain) on digital assets: $434,254,000.00Loss (gain) on digital assets+$434.25 MDeferred tax assets and liabilities: -$85,392,000.00Deferred income taxes−$85.39 MForeign exchange loss (gain): $5,939,000.00Foreign exchange loss (gain)+$5.94 MAmortization of debt discounts and issuance costs: $1,098,000.00Debt cost amortization+$1.10 M(Gain) loss on sale of property and equipment: -$33,000.00PP&E disposal gain & loss−$33.00 KGain on derivatives: -$59,132,000.00Gain on derivatives−$59.13 MLoss (gain) on other financial liability: $759,000.00Financial liability gain & loss+$759.00 KGain on warrant liability: -$91,000.00Derivative gain & loss, pretax−$91.00 KGain on sale of the Far North JV, net of transaction costs: -$34,711,000.00Disposal group gain & loss−$34.71 MPaid-in-kind interest expense: $3,215,000.00Paid-in-kind interest+$3.22 MAccounts receivable, net: $18,484,000.00Accounts receivable+$18.48 MDeposits and prepaid expenses: $3,980,000.00Deposits and prepaid expenses+$3.98 MIncome taxes receivable: $341,000.00Income taxes receivable+$341.00 KIncome taxes payable: $5,520,000.00Income taxes payable+$5.52 MAccounts payable and accrued expenses: -$592,000.00Payables & accrued liabilities−$592.00 KInterest payable: $45,549,000.00Accrued interest+$45.55 MDeferred revenue: $1,580,000.00Deferred revenue+$1.58 MOperating lease liabilities: -$2,573,000.00Operating lease liabilities−$2.57 MNet cash used in operating activities: -$32,845,000.00. Cash required to fund net payments.Operating cash−$32.85 Moperating reconciliation: $754,257,000.00Proceeds from loans and notes payable: $7,700,000,000.00Loans & notes payable issued+$7.70 BRepayments of loans and notes payable: -$217,700,000.00Loans & notes payable repaid−$217.70 MDebt issuance costs paid: -$84,508,000.00Debt issuance costs−$84.51 MPrincipal payments on finance lease: -$957,000.00Finance lease payments−$957.00 KSettlement of finance lease obligation in connection with sale of the Far North JV: -$20,756,000.00Far North JV lease settlement−$20.76 MCash paid to buyout non-controlling interest of the Far North JV: -$9,960,000.00Paid to noncontrolling interests−$9.96 MProceeds from the issuance of common stock - stock option exercises: $10,332,000.00Stock option exercises+$10.33 MProceeds from the issuance of common stock - at-the-market offering, net of issuance costs: $120,120,000.00At-the-market stock issued, net+$120.12 MProceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs: $144,088,000.00American Bitcoin stock, net+$144.09 MNet cash from financing activities: $7,640,659,000.00Financing cash+$7.64 Bfinancing reconciliation: $7,974,540,000.00Bitcoin purchased: -$65,317,000.00Digital asset purchases−$65.32 MDeposits for future sites: -$18,445,000.00Deposits for future sites−$18.45 MPurchases of property and equipment: -$616,182,000.00Equipment purchases−$616.18 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: $64,765,000.00Business sales, net of cash+$64.77 MNet cash used in investing activities: -$635,130,000.00. Cash required to fund net payments.Investing cash−$635.13 Minvesting reconciliation: $699,944,000.00Cash sources and uses: $7,689,273,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $48,614,000.00Beginning cash$48.61 MEnding cash: Cash, cash equivalents, and restricted cash: $7,020,726,000.00Ending cash$7.02 BExchange-rate effect: -$572,000.00FX effect−$572.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$430.28M + net operating adjustments $397.43M = operating cash −$32.85MFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$6.97 BEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
48,614,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 32,845,000 US dollars. Net cash used.
Net (loss) income
negative 430,277,000 US dollars
Depreciation and amortization
78,169,000 US dollars
Amortization of operating right-of-use assets
1,567,000 US dollars
Non-cash lease expense
1,144,000 US dollars
Stock-based compensation
102,113,000 US dollars
Equity in earnings of unconsolidated joint venture
negative 12,101,000 US dollars
Distributions of earnings from unconsolidated joint venture
17,700,000 US dollars
ASIC compute revenue
negative 129,355,000 US dollars
Loss (gain) on digital assets
434,254,000 US dollars
Deferred tax assets and liabilities
negative 85,392,000 US dollars
Foreign exchange loss (gain)
5,939,000 US dollars
Amortization of debt discounts and issuance costs
1,098,000 US dollars
(Gain) loss on sale of property and equipment
negative 33,000 US dollars
Gain on derivatives
negative 59,132,000 US dollars
Loss (gain) on other financial liability
759,000 US dollars
Gain on warrant liability
negative 91,000 US dollars
Gain on sale of the Far North JV, net of transaction costs
negative 34,711,000 US dollars
Paid-in-kind interest expense
3,215,000 US dollars
Accounts receivable, net
18,484,000 US dollars
Deposits and prepaid expenses
3,980,000 US dollars
Income taxes receivable
341,000 US dollars
Income taxes payable
5,520,000 US dollars
Accounts payable and accrued expenses
negative 592,000 US dollars
Interest payable
45,549,000 US dollars
Deferred revenue
1,580,000 US dollars
Operating lease liabilities
negative 2,573,000 US dollars
Investing activities
negative 635,130,000 US dollars. Net cash used.
Bitcoin purchased
negative 65,317,000 US dollars
Deposits for future sites
negative 18,445,000 US dollars
Purchases of property and equipment
negative 616,182,000 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
64,765,000 US dollars
Financing activities
7,640,659,000 US dollars. Net cash provided.
Proceeds from loans and notes payable
7,700,000,000 US dollars
Repayments of loans and notes payable
negative 217,700,000 US dollars
Debt issuance costs paid
negative 84,508,000 US dollars
Principal payments on finance lease
negative 957,000 US dollars
Settlement of finance lease obligation in connection with sale of the Far North JV
negative 20,756,000 US dollars
Cash paid to buyout non-controlling interest of the Far North JV
negative 9,960,000 US dollars
Proceeds from the issuance of common stock - stock option exercises
10,332,000 US dollars
Proceeds from the issuance of common stock - at-the-market offering, net of issuance costs
120,120,000 US dollars
Proceeds from the issuance of American Bitcoin Corp. Class A common stock - at-the-market offering, net of issuance costs
144,088,000 US dollars
Operating adjustment reconciliation
754,257,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
7,974,540,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
699,944,000 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
negative 572,000 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
7,689,273,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
6,972,112,000 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 −$430.28M + net operating adjustments $397.43M = operating cash −$32.85M. 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 YTD Q2 Statement of Cash Flows Sankey chart
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