Hut 8 (HUT) EBITDA (2022 - 2026)
Hut 8's (HUT) quarterly EBITDA came in at -$206.3 million in Q2 2026, down 209.83% on a YoY basis from $187.9 million in Q2 2025, and up 44.29% quarter-over-quarter from -$370.4 million in Q1 2026.
Analysis
Hut 8 (HUT) EBITDA (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported EBITDA for 5 consecutive years, with -$206.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA fell 209.83% year-over-year to -$206.3 million; the trailing twelve-month figure through Jun 2026 stood at -$938.9 million (down 392.9% YoY), and the FY2025 full-year result was -$322.0 million, down 169.92% from the prior year.
- EBITDA rose to -$206.3 million in Q2 2026 per HUT's latest filing, from -$370.4 million in the prior quarter.
- Across five years, EBITDA topped out at $281.9 million in Q4 2024 and bottomed at -$434.9 million in Q4 2025.
- Historically, EBITDA has averaged -$28.4 million across 5 years, with a median of -$1.5 million in 2023.
- The widest YoY moves for EBITDA: up 15135.89% in 2024, down 9371.98% in 2024.
- Over 5 years, EBITDA stood at $3.8 million in 2022, then surged by 171.44% to $10.2 million in 2023, then surged by 2654.14% to $281.9 million in 2024, then slumped by 254.25% to -$434.9 million in 2025, then surged by 52.55% to -$206.3 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$206.3 million, -$370.4 million, and -$434.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -620.38 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -206.33 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -142.83 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -352.07 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | -132.55 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 31.11 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -140.77 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 5.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -206.33 Mn |
| Mar 31, 2026 | -370.37 Mn |
| Dec 31, 2025 | -434.86 Mn |
| Sep 30, 2025 | 72.66 Mn |
| Jun 30, 2025 | 187.86 Mn |
| Mar 31, 2025 | -147.65 Mn |
| Dec 31, 2024 | 281.91 Mn |
| Sep 30, 2024 | -1.57 Mn |
| Jun 30, 2024 | -86.69 Mn |
| Mar 31, 2024 | 266.89 Mn |
| Dec 31, 2023 | 10.24 Mn |
| Sep 30, 2023 | -1.51 Mn |
| Jun 30, 2023 | 935,000.00 |
| Mar 31, 2023 | -1.78 Mn |
| Sep 30, 2022 | 3.77 Mn |