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Hut 8 Shares Slip After Mild Q2 Revenue Miss Amid AI Pipeline Growth

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Hut 8 reported a net loss of $177.1 million, largely driven by $138.6 million of unrealized digital-asset losses, and it reiterated progress including full commercialization of its 1-gigawatt Beacon Point AI campus and an AI portfolio totaling 949 MW in contracted capacity. The development pipeline rose to about 8.7 GW. The company is also shifting future bitcoin exposure to its American Bitcoin subsidiary.

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