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

Hut 8 (HUT) has 5 years of Operating Expenses data on file, last reported at $83.8 million in Q1 2026.

• Quarterly Operating Expenses rose 298.02% year-over-year to $83.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $185.6 million (up 150.84% YoY) and the FY2025 annual result came in at $137.8 million, up 88.96% from the prior year.
• Operating Expenses grew to $83.8 million in Q1 2026, from $45.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $83.8 million in Q1 2026 to a low of $6.4 million in Q1 2023.
• A 5-year average of $27.7 million and a median of $21.7 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2024 — Operating Expenses slumped 49.81% — and 2026, when it surged 298.02%.
• Tracing HUT's Operating Expenses over 5 years: stood at $29.8 million in 2022, then increased by 26.18% to $37.5 million in 2023, then tumbled by 49.81% to $18.8 million in 2024, then surged by 142.69% to $45.7 million in 2025, then soared by 83.28% to $83.8 million in 2026.
• The last three Operating Expenses figures came in at $83.8 million (Q1 2026), $45.7 million (Q4 2025), and $25.9 million (Q3 2025), per Business Quant data.