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.

• Quarterly Cost of Revenue rose 36.92% year-over-year to $25.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $114.7 million (up 48.59% YoY) and the FY2025 annual result came in at $107.8 million, up 24.37% from the prior year.
• Cost of Revenue slipped to $25.5 million in Q1 2026, from $35.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $35.0 million in Q4 2025 to a low of $3.1 million in Q3 2022.
• A 5-year average of $22.8 million and a median of $21.2 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue jumped 997.42% — and 2024, when it slumped 48.39%.
• Tracing HUT's Cost of Revenue over 5 years: stood at $3.1 million in 2022, then surged by 987.1% to $33.7 million in 2023, then plunged by 39.72% to $20.3 million in 2024, then jumped by 72.35% to $35.0 million in 2025, then retreated 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.