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Hut 8 (HUT) Cost of Revenue (2022 - 2025)

Hut 8 (HUT) has disclosed Cost of Revenue for 4 consecutive years, with $35.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 72.35% year-over-year to $35.0 million, compared with a TTM value of $107.8 million through Dec 2025, up 24.37%, and an annual FY2025 reading of $107.8 million, up 24.37% over the prior year.
  • Cost of Revenue was $35.0 million for Q4 2025 at Hut 8, up from $32.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $35.0 million in Q4 2025 and bottomed at $3.1 million in Q3 2022.
  • Average Cost of Revenue over 4 years is $20.3 million, with a median of $20.3 million recorded in 2024.
  • The sharpest move saw Cost of Revenue soared 280.48% in 2023, then plummeted 39.72% in 2024.
  • Year by year, Cost of Revenue stood at $3.1 million in 2022, then skyrocketed by 987.1% to $33.7 million in 2023, then tumbled by 39.72% to $20.3 million in 2024, then soared by 72.35% to $35.0 million in 2025.
  • Business Quant data shows Cost of Revenue for HUT at $35.0 million in Q4 2025, $32.3 million in Q3 2025, and $21.8 million in Q2 2025.