Hut 8 (HUT) Deferred Taxes (2022 - 2026)
Hut 8's (HUT) quarterly Deferred Taxes came in at -$33.1 million in Q2 2026, down 220.33% on a YoY basis from $27.5 million in Q2 2025, and up 36.62% quarter-over-quarter from -$52.3 million in Q1 2026.
Analysis
Hut 8 (HUT) Deferred Taxes (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Deferred Taxes for 5 consecutive years, with -$33.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Deferred Taxes fell 220.33% year-over-year to -$33.1 million; the trailing twelve-month figure through Jun 2026 stood at -$147.1 million (down 225.97% YoY), and the FY2025 full-year result was -$54.6 million, down 148.9% from the prior year.
- Deferred Taxes advanced to -$33.1 million in Q2 2026 per HUT's latest filing, from -$52.3 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $109.2 million in Q4 2024 and bottomed at -$80.8 million in Q4 2025.
- Historically, Deferred Taxes has averaged -$1.9 million across 5 years, with a median of -$80000.0 in 2022.
- The sharpest annual moves came in 2024 and 2025: Deferred Taxes soared 13025.68% in 2024, then sank 999.78% in 2025.
- Over 5 years, Deferred Taxes stood at -$80000.0 in 2022, then tumbled by 956.25% to -$845000.0 in 2023, then jumped by 13025.68% to $109.2 million in 2024, then plunged by 174.0% to -$80.8 million in 2025, then surged by 59.01% to -$33.1 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$33.1 million, -$52.3 million, and -$80.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | - |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | - |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -33.13 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | - |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -903,000.00 |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | -2.97 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | - |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | - |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -33.13 Mn |
| Mar 31, 2026 | -52.27 Mn |
| Dec 31, 2025 | -80.82 Mn |
| Sep 30, 2025 | 19.09 Mn |
| Jun 30, 2025 | 27.53 Mn |
| Mar 31, 2025 | -20.44 Mn |
| Dec 31, 2024 | 109.22 Mn |
| Sep 30, 2024 | 490,000.00 |
| Jun 30, 2024 | -226,000.00 |
| Mar 31, 2024 | 2.27 Mn |
| Dec 31, 2023 | -845,000.00 |
| Sep 30, 2023 | -288,000.00 |
| Jun 30, 2023 | 290,000.00 |
| Mar 31, 2023 | 231,000.00 |
| Sep 30, 2022 | -80,000.00 |