HUT Hut 8 Corp. - 10-Q - (2025-11-04)

Financial Performance & Tax Update (9 Months Ended 9/30/2025) The company demonstrated a sharp profitability swing, reporting a \(50.1 million net profit for the third quarter and a \)53.5 million profit year-to-date, following significant preceding quarterly losses. Diluted EPS for Q3 was \(0.43. Income tax expense rose dramatically to \)26.4 million YTD (compared to $3.0 million prior year), resulting in a 9-month Effective Tax Rate of 32.90%, up from 1.60%. The entity faces severe operational concentration risk, deriving 100% of mining revenue from only two mining pool operators. The compan

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