Hut 8 (HUT) Cost of Revenue (2022 - 2026)

Hut 8 (HUT) has 5 years of Cost of Revenue data on file, last reported at $25.5 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 36.92% year-over-year to $25.5 million; the trailing twelve-month figure through Mar 2026 stood at $114.7 million (up 48.59% YoY), and the FY2025 full-year result was $107.8 million, up 24.37% from the prior year.
• Cost of Revenue for Q1 2026 stood at $25.5 million, down from $35.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $35.0 million in Q4 2025 and bottomed at $8.5 million in Q1 2023.
• The 5-year median for Cost of Revenue is $20.5 million (2024), against an average of $21.9 million.
• Peak annual rise in Cost of Revenue reached 230.87% in 2024, while the deepest fall reached 39.72% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $18.4 million in 2022, then surged by 83.15% to $33.7 million in 2023, then tumbled by 39.72% to $20.3 million in 2024, then surged by 72.35% to $35.0 million in 2025, then decreased by 27.02% to $25.5 million in 2026.
• The last three Cost of Revenue figures came in at $25.5 million (Q1 2026), $35.0 million (Q4 2025), and $32.3 million (Q3 2025), per Business Quant data.

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