According to CoinMeta, Hut reported a net profit of $189.5 million in the third quarter, with revenue dropping to $71.1 million. The net profit includes unrealized Bitcoin gains of $413.8 million. The company sold approximately 3,100 Bitcoins, providing $250 million for stock repurchases, and cancelled 3.3 million shares. The board of directors has increased the authorization for repurchases to $1 billion. In addition, the Hut data center business that AI is building is expected to have a rental value of about $26.6 billion.