Growth Metrics

Hut 8 (HUT) Operating Expenses: 2022-2025

Historic Operating Expenses for Hut 8 (HUT) over the last 3 years, with Sep 2025 value amounting to $25.9 million.

  • Hut 8's Operating Expenses fell 6.80% to $25.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$262.2 million, marking a year-over-year decrease of 91.43%. This contributed to the annual value of -$384.8 million for FY2024, which is 883.20% down from last year.
  • Per Hut 8's latest filing, its Operating Expenses stood at $25.9 million for Q3 2025, which was up 115.36% from -$168.3 million recorded in Q2 2025.
  • In the past 5 years, Hut 8's Operating Expenses ranged from a high of $150.8 million in Q1 2025 and a low of -$270.5 million during Q4 2024.
  • Its 3-year average for Operating Expenses is -$32.8 million, with a median of $8.9 million in 2023.
  • The largest annual percentage gain for Hut 8's Operating Expenses in the last 5 years was 1,231.13% (2024), contrasted with its biggest fall of 2,829.03% (2024).
  • Quarterly analysis of 4 years shows Hut 8's Operating Expenses stood at $29.8 million in 2022, then declined by 24.83% to -$22.7 million in 2023, then crashed by 1,092.09% to -$270.5 million in 2024, then dropped by 6.80% to $25.9 million in 2025.
  • Its Operating Expenses was $25.9 million in Q3 2025, compared to -$168.3 million in Q2 2025 and $150.8 million in Q1 2025.