Hut 8 (HUT) Operating Expenses (2022 - 2026)

Hut 8 has reported Operating Expenses for 5 years, with the latest figure at $417.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 177.12% year-over-year to $417.9 million; the trailing twelve-month figure through Mar 2026 stood at $472.3 million (up 396.95% YoY), and the FY2025 full-year result was $137.8 million, up 135.81% from the prior year.
• Operating Expenses for Q1 2026 stood at $417.9 million, up from $45.7 million in the prior quarter.
• The five-year high for Operating Expenses was $417.9 million in Q1 2026, with the low at -$438.9 million in Q4 2024.
• Historically, Operating Expenses has averaged $10.7 million across 5 years, with a median of $25.1 million in 2023.
• The largest YoY upside for Operating Expenses was 1843.43% in 2024 against a maximum downside of 3916.36% in 2024.
• Hut 8's Operating Expenses stood at $29.8 million in 2022, then slumped by 46.46% to $15.9 million in 2023, then tumbled by 2854.55% to -$438.9 million in 2024, then jumped by 110.42% to $45.7 million in 2025, then surged by 813.84% to $417.9 million in 2026.
• The last three Operating Expenses figures came in at $417.9 million (Q1 2026), $45.7 million (Q4 2025), and -$21.5 million (Q3 2025), per Business Quant data.