Hut 8 Mining Corp, a Nasdaq-listed Bitcoin mining company, announced its Q1 2026 financial results, revealing $16.8 billion in revenue from AI data center leases. The company's total revenue for the quarter reached $71 million, with $66 million generated from ASIC hashing power, AI cloud, and traditional cloud services, primarily driven by Bitcoin mining. In a strategic move, Hut 8 refinanced its Bitcoin-backed loan, releasing approximately 3,300 BTC, valued at around $260 million, to boost liquidity and support expansion. Despite holding cash and Bitcoin worth $1.3 billion as of March 31, the company reported a net loss of $253 million, largely due to $296 million in unrealized losses on digital assets.