[Hut 8 Releases Q2 2026 Financial Report, Completes Commercialization of First GW-Level AI Data Center] According to PR Newswire, Hut 8 Corp. released its Q2 2026 financial report, announcing the completion of the commercialization of its first GW-level AI data center campus, Beacon Point. The company signed a second IT lease agreement for 352 MW, with a total contract value of approximately $26.6 billion, and an estimated annual net operating income exceeding $1.75 billion. The company secured $7.5 billion in project financing, including $3.3 billion for the River Bend campus and $4.25 billion for Phase 1 of Beacon Point. Total revenue for the second quarter was $74.9 million, an 81% year-over-year increase (compared to $41.3 million in the same period last year). The net loss was $177.1 million, which includes an unrealized loss on digital assets of $138.6 million. Adjusted EBITDA was $10.45 million, a 149% year-over-year increase. As of June 30, 2026, the company's development pipeline had a total capacity of approximately 8,660 MW.
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