Hut's Q1 losses widened; long-term AI data center contracts reached $16.8 billion.

CoinFeed reported on May 6th that, according to PR Newswire, Hut 8 Corp. announced its Q1 2026 results, achieving revenue of $71.01 million, a significant year-over-year increase (from $21.815 million in the same period last year), primarily driven by ASIC Compute, AI Cloud, and cloud services. However, due to changes in the fair value of digital assets, net loss widened to $253 million, of which approximately $296 million was primarily due to unrealized digital asset losses.