Hut 8 Corp. reported second-quarter revenue of $41.3 million, up from $35.2 million a year earlier, and swung to a net profit of $137.5 million after a $72.2 million loss in the prior-year period. Adjusted EBITDA reached $221.2 million, reflecting gains on digital assets that totalled $217.6 million for the quarter. The Toronto- and Miami-based energy-infrastructure and Bitcoin-mining company said it managed 1,020 megawatts of energy capacity as of 30 June and held a strategic reserve of 10,667 Bitcoin valued at about $1.1 billion. Hut 8 cited a development pipeline of roughly 10,800 MW, with 3,100 MW under exclusivity, and highlighted progress on long-term capacity contracts, expansion of its Vega data-centre platform, and an amended Coinbase credit facility that doubles borrowing capacity to $130 million at a fixed 9% rate. Management will discuss the results on a conference call at 8:30 a.m. Eastern time.