v3.26.1
Description of Business, the Transactions and Basis of Presentation - Schedule of Reconciliation of Unaudited Condensed Consolidated and Combined Balance Sheets Prior to and Following the Effectiveness Transactions (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
 [1]
Current assets            
Deposits and prepaid expenses $ 1,771   $ 2,163      
Derivative assets 4,994          
Total current assets 25,740   8,924      
Assets, Noncurrent [Abstract]            
Property and equipment, net 313,057   341,724      
Goodwill 154,426   154,426      
Total non-current assets 1,283,683   1,237,588      
Total assets 1,309,423   1,246,512      
Current liabilities            
Accounts payable and accrued expenses 15,063   5,808      
Income tax payable 3,064   701      
Total current liabilities 136,674   111,594      
Non-current liabilities            
Total liabilities 637,351   580,693      
Equity [Abstract]            
Additional paid-in capital 863,556   718,361      
Total stockholders' equity 672,072 $ 694,826 665,819 $ 339,725 $ 115,757 $ 1,015,067
Total liabilities and stockholders' equity 1,309,423   1,246,512      
Held in Custody [Member]            
Assets, Noncurrent [Abstract]            
Crypto Asset, Fair Value $ 293,949   $ 229,641      
Contribution and Stock Purchase Agreement            
Assets, Noncurrent [Abstract]            
Property and equipment, net         121,112  
Total non-current assets         121,112  
Total assets         121,112  
Non-current liabilities            
Deferred tax liability         5,355  
Total liabilities         5,355  
Equity [Abstract]            
Common stock         5  
Additional paid-in capital [2]         115,752  
Total stockholders' equity         115,757  
Total liabilities and stockholders' equity         121,112  
Combined Balance Sheet [Member] | Contribution and Stock Purchase Agreement            
Current assets            
Deposits and prepaid expenses         36,920  
Derivative assets         21,397  
Digital assets - pledged for miner purchase         79,893  
Total current assets         138,210  
Assets, Noncurrent [Abstract]            
Property and equipment, net         123,079  
Goodwill         53,169  
Total non-current assets         943,599  
Total assets         1,081,809  
Current liabilities            
Accounts payable and accrued expenses         108,235  
Derivative liability         896  
Income tax payable         19  
Total current liabilities         109,150  
Non-current liabilities            
Deferred tax liability         21,103  
Total liabilities         130,253  
Equity [Abstract]            
Parent net investment         995,436  
Accumulated other comprehensive income         (43,880)  
Total stockholders' equity         951,556  
Total liabilities and stockholders' equity         1,081,809  
Combined Balance Sheet [Member] | Contribution and Stock Purchase Agreement | Held in Custody [Member]            
Assets, Noncurrent [Abstract]            
Crypto Asset, Fair Value         597,743  
Combined Balance Sheet [Member] | Contribution and Stock Purchase Agreement | Pledged as Collateral [Member]            
Assets, Noncurrent [Abstract]            
Crypto Asset, Fair Value         169,608  
Adjustments Post Carveout [Member] | Contribution and Stock Purchase Agreement            
Current assets            
Deposits and prepaid expenses         (36,920)  
Derivative assets         (21,397)  
Digital assets - pledged for miner purchase         (79,893)  
Total current assets         (138,210)  
Assets, Noncurrent [Abstract]            
Property and equipment, net         (1,967)  
Goodwill         (53,169)  
Total non-current assets         (822,487)  
Total assets         (960,697)  
Current liabilities            
Accounts payable and accrued expenses         (108,235)  
Derivative liability         (896)  
Income tax payable         (19)  
Total current liabilities         (109,150)  
Non-current liabilities            
Deferred tax liability         (15,748)  
Total liabilities         (124,898)  
Equity [Abstract]            
Parent net investment         (995,436)  
Common stock         5  
Additional paid-in capital [2]         115,752  
Accumulated other comprehensive income         43,880  
Total stockholders' equity         (835,799)  
Total liabilities and stockholders' equity         (960,697)  
Adjustments Post Carveout [Member] | Contribution and Stock Purchase Agreement | Held in Custody [Member]            
Assets, Noncurrent [Abstract]            
Crypto Asset, Fair Value         (597,743)  
Adjustments Post Carveout [Member] | Contribution and Stock Purchase Agreement | Pledged as Collateral [Member]            
Assets, Noncurrent [Abstract]            
Crypto Asset, Fair Value         $ (169,608)  
[1]

(1) Net loss of $100,623 from January 1, 2025 through March 31, 2025 is attributed to Hut 8 as it was the sole shareholder prior to March 31, 2025.
[2] The reclassification between Common stock outstanding and Additional paid-in capital resulting from the Reverse Stock Split (as defined below) has not been reflected in the balance sheet as of March 31, 2025, as this balance sheet represents the opening equity position of the Company established upon the effectiveness of the Transactions.