PANews 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 (compared to $ 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, with approximately $ 296 million being primarily unrealized digital asset losses. The company stated that it has secured approximately $ 16.8 billion in triple-play long-term lease revenue for its 330 MW “ River Bend ” AI data center campuses in Louisiana and “ Beacon Point ” in Texas through the sale of four gas-fired power plants totaling 310 MW , refinancing $ 200 million in Bitcoin-collateralized credit facilities, and issuing $3.25 billion in investment-grade project bonds. It has also established a development pipeline totaling 8,375 MW .