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

Hut 8 (HUT) has 5 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $417.9 million in Q1 2026 and bottomed at -$438.9 million in Q4 2024.
• The 5-year median for Operating Expenses is $25.1 million (2023), against an average of $10.7 million.
• Peak annual rise in Operating Expenses reached 1843.43% in 2024, while the deepest fall reached 3916.36% in 2024.
• A 5-year view of Operating Expenses shows it stood at $29.8 million in 2022, then sank by 46.46% to $15.9 million in 2023, then slumped by 2854.55% to -$438.9 million in 2024, then surged by 110.42% to $45.7 million in 2025, then soared 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.

Peer Comparison