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Hut 8 (HUT) Cost of Revenue: 2022-2024

Historic Cost of Revenue for Hut 8 (HUT) over the last 3 years, with Dec 2024 value amounting to $86.7 million.

  • Hut 8's Cost of Revenue rose 84.12% to $32.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $93.1 million, marking a year-over-year increase of 110.07%. This contributed to the annual value of $86.7 million for FY2024, which is 59.90% up from last year.
  • Per Hut 8's latest filing, its Cost of Revenue stood at $86.7 million for FY2024, which was up 59.90% from $54.2 million recorded in FY2023.
  • In the past 5 years, Hut 8's Cost of Revenue registered a high of $86.7 million during FY2024, and its lowest value of $25.8 million during FY2022.
  • For the 3-year period, Hut 8's Cost of Revenue averaged around $52.4 million, with its median value being $48.7 million (2023).
  • Data for Hut 8's Cost of Revenue shows a peak YoY skyrocketed of 67.21% (in 2023) over the last 5 years.
  • Yearly analysis of 3 years shows Hut 8's Cost of Revenue stood at $25.8 million in 2022, then spiked by 67.21% to $43.1 million in 2023, then reached $54.2 million in 2023, then surged by 59.90% to $86.7 million in 2024.